#StaySafe: 5 Reasons To Rely On Payments in Crypto

COVID-19 infection has shaken the market with traditional payments getting dangerous in the truest sense. Sounds like crypto is the must, doesn’t it? These are just a few valid reasons for the prompt digital wallet sign in

  1. Traditional payments are influenced by COVID-19 infection

Paying in cash or by card involves physical contact, so people are reasonably scared of using conventional methods. In some countries, banks are even heating paper money, but it is still not safe enough: the research on COVID-19 has shown that the infection can stay on plastic and paper up to 5 days. 

Direct risks are not the worst. The quarantine locks the world in and no-one knows its exact duration. We are pressed to work from home, borders keep on closing, businesses have to quit the game. As a result, the currency itself is also negatively influenced and gets pretty unstable. Meanwhile, the cryptocurrency market is afloat with no extra risks to face.

  1. Independency

Crypto sets you free from numerous bank accounts with tricky rules to follow. You can keep all your finances in the same digital wallet. Don’t forget that the market keeps on changing, and the new cryptocurrency is constantly introduced. NOWPayments makes the most of this with regular updates and the option of adding the coins you need to the list.

     3.  Instancy

24/7 you need a second for a transaction with no extra forms to fill in. All you need is your access to the Internet.
Crypto is borderless with currencies recognized everywhere and cheaper fees to pay, especially in CIS states and countries with volatile currency. 

     4.  Security

With crypto, you can’t deceive or be deceived. Crypto compliance works: today coins are fully credible. Today blockchain technology is a completely legal field with taxes paid, no laws violated. Moreover, you have keys and can control all the transactions on your own with no payments changed or deleted.
Don’t be deceived by ups and down: market movements are the norma. Just look at how Boeing stocks have recently gone +35%.

     5.  Simplicity

To benefit from your crypto digital wallet, you need no special knowledge. You can pay, receive and exchange money in a click with no extra so complex procedures required. Especially with NOWPayments!
Traditional payment systems are destined to get outdated soon, so #staysafe, go crypto, and choose NOWPayments.

NOWPayments Tech Update March 17

New tech update on NOWPayments! Check out our new features for the cases of partially paid transactions, new ‘get minimum amount API method, and 2FA options:

  1. Purchases. There is a special feature that is needed in order to create a new payment in case of partially paid transactions. From now on, you can browse all available surcharge payments in the “Payments” section, where the separate table “Purchases” is situated.
    In order to create a second payment, you need to use “Create payment” method and indicate the parameter “purchase_id”.
  2. New ‘get minimum amount’ API method. It allows you to find out the minimum payment amount. In this case, we will show the minimum payment amount to a token, a currency that is mentioned in your wallet, or to a specified pair respectively.
  3. Two-factor authentification. Now you can set 2FA up by using your e-mail or the Google Authenticator app.

What will be launched in the nearest future?

  1. OpenCart plug-in. You work on the OpenCart platform and want to accept crypto in the smoothest and most convenient way? Contact us and be among the first adopters!
  2. Invoice builder. You can create a payment in your dashboard and send the link to it directly to your customers. It is even possible to show them the address or a QR-code if you accept crypto offline.
  3. Affiliate program update. We will show you some neat new data in your personal account: estimated profit and count of your referrals for the past week.

If you have questions or suggestions, we are always happy to communicate by Telegram: @alexxnp or by mail: [email protected]

How to Accept BNB (Binance Token) Through NOWPayments

An introduction to the best BNB features on our platform.

The FAQ on BNB Token

BNB is a cryptocurrency created by Binance that has several use cases: 

  • one can use it to pay trade commissions on Binance;
  • during the token sale hosted by Binance Launchpad;
  • as a payment method;
  • soon – to support the upcoming Decentralized Exchange from Binance.

BNB was launched as an Initial Coin Offer (ICO) from June 26 to July 3, 2017, 11 days before the opening of the Binance exchange for trading.

Binance Coin mining can be done through the means of specialized hardware, cloud mining or pool mining.

How to accept Ethereum payments on your website?

Our goal is to make you receive customer payments in most popular cryptocurrencies, Binance token is among them. To simplify it, all received payments are instantly transferred to your personal wallet.

To get started with accepting Binance Token as well as other cryptos, first, sign up with NOWPayments. Then, create API credentials if you are planning to use our e-commerce plugins or the API; if not, go ahead and create your first payment button. Our API has been developed in a way that you can integrate it in the quickest and easiest way possible as we believe that API integration should be simple, transparent, and hassle-free.

Original Tools

For the main features, visit the Merchant Tool page. They include valuable details such as widgets and plugins as well as working API and instant notifications.

For example, on our platform, one can accept Bitcoins with WHMCS plugin. For that, one needs to sign up for a NOWPayments account and configure one’s store settings: specify wallet address and generate API Key. Check it out!

NOWPayments Tech Updates

NOWPayments Tech Update

Time for a good old technical update! We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. Added a new feature that will let your clients pay for one order with several transactions.

To create a second payment you should specify the “purchase_id” when you will create the second payment. You can find “purchase_id” for your payment in create_payment response. This payment will be considered as a second one for this order.
Please note that each of the payments should greater than the minimum amount.
Also, you can’t specify payment for new payments, it is only for the second one.

2. Coin adding optimization.

3. Extra id for payout wallets

4. Last, but most definitely not least – we’ve introduced a new fee system!

To learn more details about it, go to our brand new pricing page!

We really hope that our partners will enjoy the new feature. We always strive to diversify the options for our dear merchants, making NOWPayments as customizable as possible for the ultimate experience in accepting crypto!

  1. Two-factor authentification. 
  2. Estimate optimization.
  3. Adding new coins – BUSD, XEM, HUSD.
  4. Payments mapping in the dashboard.
  5. Technical SEO optimization.
  6. Endpoint with the minimum payment amount.
  7. OpenCart plugin.

That is it for today, we are very excited about everything going on, as always! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

How to Accept BAT (Basic Attention Token) Through Our Site

How to Accept BAT (Basic Attention Token) Through Our Site

A small guide on BAT payments via NowPayments

What is BAT? 

BAT is a token by Brave, whose purpose is to reward users for watching ads. The current global advertising model is based on the dominance of the companies, collecting user private data and selling this data indirectly to other companies in the form of various targeting tools. That’s the way how Google and Facebook make money – they analyze the interests of their users and show them relevant ads, getting paid for it. Brave proposes a new model – a model which suggests that only the users themselves own their data and can share it deliberately only to be rewarded for showing them ads. By default, in Brave browser all ads and trackers are blocked. When advertisers get access to advertisement tools, i.e. they allowed to target users, they spend BAT tokens which go to their users’ wallets. The popularity of the Brave browser increases every year, at the end of 2019 there were 8.7 million people using it. 

How can you accept BAT tokens on your website? 

NowPayments is a set of simple tools that can be integrated to your website to receive the most popular cryptocurrencies, including BAT. All payments that you receive, are stored in your wallet. 

To be able to receive payments, you have to register on the main page of NowPayments. Then you have to specify your outcome wallet, generate an API key then generate the IPN Secret key, and save it in Store Settings tab at the Dashboard.
The process of integration is relatively easy and doesn’t require hiring a team of developers. We have many tools – including the donations widget and buttons, payment notifications, etc. Also we support WooCommerce – one of the most popular WordPress plugins. To get more info, please visit the Merchant Tool page.

NOWPayments Tech Updates

NOWPayments Tech Update!

It is the end of the week, which means, we are bringing out a technical update! We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. Unlimited Payout wallets!

Now, you can have several outcome wallets to receive your payments. You can add as many wallets as you want, and the autoconversion will be done to the highest available payout currency. 

2. Small SEO improvements.

We really hope that our partners will enjoy the new feature. We always strive to diversify the options for our dear merchants, making NOWPayments as customizable as possible for the ultimate experience in accepting crypto!

  1. A new feature that will let your clients pay for one order with several transactions.
  2. Two-factor authentification. 
  3. Coin adding optimization.
  4. Stable coin estimate optimization.

That is it for today, we are very excited about everything going on, as always! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

New Update: Add As Many Outcome Wallets As You Want!

NOWPayments is excited to announce a new feature of ours: now, you can have several outcome wallets to receive your payments. This is what it looks like:

And here’s how it works:

Previously, you had the ability to choose only one payout wallet. So, for example, if you chose to use DigiByte as a payout currency and your customers decided to pay with Pax coin we wouldn’t be able to provide you with autoconversion. Now, it’s covered! You can add as many wallets as you want, and the autoconversion will be done to the highest available payout currency. 

Some details:

  1. The higher your wallet is in your dashboard – the higher priority it has when you receive payments.
  2. If your customer pays you with the currency of your prioritized outcome currency you will receive this payment directly onto your wallet.
    For example:
    Your customer pays you in ETH and it is your preferred (or only) wallet, you will receive this payment in your ETH wallet.
    Otherwise, if you don’t have an ETH wallet, there will be an automated conversion to the wallet with the highest priority.
  3. If your client pays you with the currency, that you don’t have as an outcome wallet, there will be automated conversion.
    For example:
    You have ETH and BTC outcome wallets. If your customer pays you with DGB, you will receive your funds in ETH, because the ETH wallet has a higher priority than BTC. And if your client pays you with the currency, that doesn’t yet have a pair to ETH, you will receive funds in BTC because it is your second outcome wallet.
  4. You can specify as many wallets, as there are supported currencies.
    1 currency = 1 wallet.
Payments In Crypto: Apparent Trends Of 2019

Payments In Crypto: Apparent Trends Of 2019

Online payments in a wide variety of cryptocurrencies are what we are eager about. As they get more popular every minute, it is crucially important to focus on the shifts and changes to get to the core and make the most of your transactions. Here is an overview of how the crypto payments changed over the past year!

Governmental Persistence In Regulation

What many representatives have been worried about over the past few years happened in 2019. The FATF Anti-Money Laundering Development Group published the final version of the guidelines for the cryptocurrency industry. In an official document, the FATF obliged the bitcoin exchange and other cryptocurrency service providers (VASPs) to follow AML and CFT (anti-money laundering and counter-terrorism financing) procedures similar to traditional financial companies.

Experts and analysts tried to convince the FATF that in the blockchain industry, it is quite tricky, if possible at all, to observe the same rules as in the banking sector. There were also warnings that the cryptocurrency business may partially go into the shadows, and that privacy of users and the effectiveness of law enforcement operations will suffer.

Nevertheless, in June, new recommendations were adopted and approved by the G20 countries, after which 12 months are allotted to businesses and governments for their implementation. New standards will also apply to organizations working with cryptocurrencies and tokens, for example, exchanges and hedge funds. It is expected that the first review of the implementation of the FATF recommendations will be carried out in June 2020.

This indicates that the industry is on the verge of tremendous changes. This process will not be short-term, but many people should already think about whether they are ready to play by the rules or continue to uphold the ideals and philosophy of the cryptocurrency world free of state censorship.

Mimblewimble – A New Technological Breakthrough?

Mimblewimble technology was initially conceived as the second layer of Bitcoin, designed to increase transaction confidentiality and network scalability. However, subsequently, the developers concluded that creating your cryptocurrency may be the easiest way to test it in real life.

On January 3, the Beam project was presented, choosing a model with financing and more rigorous corporate ethics. On January 15, the Grin network was launched, the launch of which was not preceded by an ICO or premine, and the development was carried out voluntarily.

Over the past year, both cryptocurrencies have gained some popularity and are available for trading on several large exchanges. The underlying Mimblewimble technology is also attracting more attention. So, in October, two proposals to improve the protocol, providing for the integration of MimbleWimble to ensure transaction privacy, were published by Litecoin developers.

It is precisely these properties of technology that can potentially become the “secret weapon” that will push the industry to its wider adoption, especially in light of the increasingly harsh rhetoric of regulators regarding more well-known anonymous coins.

Blockchain-Revolution In China: Less Trading On The Chinese Market?

Having squeezed out a significant part of the cryptocurrency business from the country at the end of 2017 and in 2018, the Chinese authorities continued this “tradition”, increasing pressure on the remaining companies and traders in the country.

This trend became especially noticeable in November when cryptocurrencies were called “unregistered securities, fraud and Ponzi schemes” on CCTV1, the mouthpiece of the Chinese Communist Party, and the Shanghai authorities initiated a new check aimed at suppressing activity related to crypto trading and token sales. Around the same time, the Weibo social network blocked the official accounts of the Binance and Tron Foundation exchanges, citing “violation of laws and regulatory requirements,” and residents were asked to inform crypto-traders they knew.

Further events in China will undoubtedly affect the development of the entire industry, but at this stage, what is happening causes more anxiety than optimism. So far, the tightening of policies by the authorities has encouraged traders to transfer their assets to safer places.

Conclusion

At the moment, not a single large state has introduced its national cryptocurrency.  Digital yuan is the crypto that never appeared. The Chinese authorities claim that they have been developing it for more than a year, and now it is at the testing stage. There were rumors that the launch should take place in early November, but the information was not confirmed. Currently, a tiny percentage of the world’s inhabitants are involved in cryptocurrencies, mainly digital coins continue to be treated with caution, but not at all as negatively as before. In 2019, most cryptocurrencies could not show impressive growth, despite a 2.5-fold increase in the Bitcoin exchange rate – from $ 3200 to $ 7000. However, the industry has made a big leap forward. Now it has become part of the economy thanks to the projects of Facebook, Telegram and central banks around the world.

NOWPayments Tech Updates

NOWPayments Tech Update

It is the end of the week, which means, we are bringing out a technical update! We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. We have added ETC! This was very exciting, we were astonished by the amount of community support this news has received! Even before the coin was officially on, our social medias were blowing up with happy messages from the fans. That really made our little hearts fill with joy!
  2. We have also done some small SEO improvements.

Whew! That was a lot of news. But we are not taking a rest! Here is what we are currently working on:

  1. The possibility to create several payout wallets.
  2. A new feature that will let your clients pay for one order with several transactions.
  3. Two-factor authentification. 

That is it for today, we hope you are just as excited about our recent and upcoming updates as we are! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

NOWPayments Tech Updates

NOWPayments Tech Update

It is the end of the week, which means, we are bringing out a technical update. We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. We have added NANO to the list of supported coins! It is amazing to see the list growing that fast!
  2. We have lowered our minimum exchange amounts for Neo’s GAS! Now you can exchange just around $2 worth of the token!
  3. We started supporting Waves!
  4. We’ve got a new feature – IPN request tracking! Now we will be doing an even better job of helping people out with our service.
  5. We have updated our get payment status procedure, we’ve added in the quantity and the currency that our merchants receive payments in.

Wasn’t that a good job that we did? But we are not taking a rest! Here is what we are currently working on:

  1. The possibility to create several payout wallets.
  2. We are adding yet another coin – third in the past two weeks – ETC!
  3. A new feature that will let your clients pay for one order with several transactions.
  4. Two-factor authentification. 

That is it for today, we hope you are just as excited about our recent and upcoming updates as we are! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.