LTC is available on NOWPayments!

LTC is available on NOWPayments!

What is Litecoin?

Litecoin is a blockchain-based cryptocurrency that works similarly to Ethereum and Bitcoin. It’s a p2p online currency that allows to instantly receive almost zero-fee payments from all around the world. The network is decentralized and not operated by any central authority. Users can control their own funds without relying on third parties, such as banks or any other traditional financial institutions.

The Litecoin blockchain can handle a higher transaction volume than that one of Bitcoin. Due to the fact that Litecoin has more frequent block generation, the network supports more transactions without the need for scaling. As a result, merchants use faster confirmation times. That is why Litecoin is a very convenient crypto coin to pay with. It’s used worldwide, and its price makes the coin perfect for cross-border transfers and payments for goods or services. NOWPayments welcomes Litecoin among the listed coins!

NowPayments is a new-generation gateway for crypto payments. It supports major popular cryptocurrencies providing access to worldwide payments of any purpose. Accepting payments with cryptocurrencies has never been this easy!

Other NOWPayments’ advantages include:

  • The instant auto conversion which saves your revenue from price fluctuations.
  • The widest range of coins with the support of ChangeNOW swap service.
  • Convenient, easy-to-use and hassle-free API.
  • Clear dashboard and store settings.
  • Custody-free service with no hidden fees.
  • Reliable support agents, always at your service 24/7.
  • Quickstart on this page!
Welcome Monero to NOWPayments!

Welcome Monero to NOWPayments!

What is Monero?

Monero is an open source cryptocurrency based on unique blockchain technology. The main detail that differs Monero from many other cryptocurrencies is that it uses the CryptoNote algorithm to encrypt transactions. This protocol works on the principle of ring signature. It means that any member of some predetermined group can leave electronic signature to run a transaction — but it will never be known who did it.

In terms of privacy, Monero is considered one of the best and most secure cryptocurrencies. The transactions are impossible to trace and the wallet holder’s identity is hidden no matter what. For this reason, many people think that Monero is an excellent coin to pay with online — especially if you want to stay anonymous. For this reason, NOWPayments is adding Monero to the list of supported coins!

NOWPayments is an innovative service that provides customers to pay with crypto online — hassle-free and secure. With the support of all major currencies, NOWPayments is an excellent tool to implement crypto payments into your business.

Apart from that, NOWPayments’ advantages include:

  • The instant auto-conversion of the funds.
  • The widest range of supported coins.
  • Hassle-free and easy-to-use API.
  • Convenient merchant settings.
  • No hidden fees and custody-free service.
  • 24/7 support
  • Quickstart on this page!

New Coin Added: Welcome DigixDAO!

New Coin Added: Welcome DigixDAO!

What is DigixDAO?

DigixDAO is a Singaporean-based organisation that builds a decentralized autonomous organization to tokenize physical assets. What that means is the project creates the infrastructure for making tokens on the blockchain that are backed by physical assets in the real world. Digix network offers an API to enable dApps to be built on top of its asset tokenization service.

Digi is a community driven platform as all the DigixDAO holders can and should vote for the platform’s development direction. It is the true decentralized way and we at NOWPayments believe that currencies similar to DigixDAO have the brightest future as the payments gateways. This is why we are so excited to announce this integration.

As you may already know, NOWPayments is an innovative crypto gateway service that aims to solve the existing issues in the industry: lack of supported currencies, speed, big fees. 

Apart from that, NOWPayments have the following advantages:

  • The instant auto conversion of your funds: no risk of losing funds to market price fluctuations!
  • The widest among the competitors list of supported coins.
  • An easy to deploy API with an in-depth manual.
  • Custody-free service with no hidden fees
  • Support agents are available 27/7
DGB is live on NOWPayments!

DGB is live on NOWPayments!

What is DigiByte?

DigiByte is a blockchain with protocol focussed on cybersecurity thanks to its outstanding security features. It’s most decentralized and moreover one of the fastest in regards to speed of transaction processing. Founded in 2014, its an older and therefore mature blockchain project. DigiByte’s supporters claim that this is a hidden gem of the cryptocurrency market. According to them, the project plays a leading role in technology development. DGB’s network is faster, more scalable and secure than those of other major currencies. DigiByte has the most dedicated community and almost 100,000 nodes worldwide.

DGB is an extremely convenient coin to pay with. Its security, speed and adoption played the major part in our decision to support the coin as soon as possible. NOWPayments is excited to greet DigiByte among the listed coins!

NowPayments is a gateway for crypto payments that supports all of the major currencies. Every week brings new coins to pay with, i.e. new options to implement crypto on your service. Our API is designed to guarantee a quick deploy on your website or service and ensure instant funds withdrawal.

Other NOWPayments advantages include:

  • The instant auto conversion that will save you from rate fluctuations.
  • The widest among competitors range of coins with the support of ChangeNOW.
  • Simple, transparent and hassle-free API
  • Convenient dashboard and store settings
  • Custody-free service with no hidden fees
  • Reliable support agents are online 24/7
  • Quickstart on this page!
Is Cryptocurrency the Future of Money?

Is Cryptocurrency the Future of Money?

Of course, cryptocurrency and Bitcoin, in particular, are entering our lives. The main factor that contributes to this is that cryptocurrencies create a trusted environment. You do not need a middleman or a third party. No one directly debits or credits your account. The meaning of crypto economics lies in the fact that the value that you possess, is only for you and no one else.

People appear to trust less to the banks. They are no longer intermediaries who subtly control your funds and give you advice on what to do with your money. As time goes, for many crypto holders they become mere advisors. For these services, they can receive their fees. But in the crypto paradigm, the trasactions are free and fast.

What is cryptocurrency?

Cryptocurrency is a digital currency. It is created and transmitted using cryptographic methods, mainly based on the blockchain technology. Coins are produced in electronic form by conducting mathematical calculations. In simple terms, a cryptocurrency is a payment system. It is equivalent to real or fiat money and has an official rate.

Unlike other electronic payment systems, like Visa or PayPal, cryptocurrency initially appears without real money. To become the owner of a certain amount of coins, it is quite enough to connect to the service of their creation, become a member of a mining network and wait for your earnings. This is the key difference between cryptocurrency and real money. Fiat money is issued strictly by the decision of the Government and Financial regulation services.

How does cryptocurrency work?

So, what is cryptocurrency and how is it produced without physical form? Since crypto and Bitcoins, like other types of digital currency, do not have a single centre, they are created accordingly. that means they are created by the entire user community. These people are called miners. They get virtual coins after they perform some calculations using the computing power of their devices.

Transferring funds between two crypto wallets is called a transaction. The transaction is submitted to the public registry. There, it awaits confirmation. When executing transactions, wallets use an encrypted electronic signature. It is an encrypted data set called a cryptographic signature. Thos signature provides a mathematical confirmation that this transaction originates from the wallet owner. The confirmation process takes some time as miners have to confirm the transaction for it to be added to the public registry. At the moment, for Bitcoin, the confirmation time is about 10 minutes.

The advantages of using crypto and Bitcoin

Cryptocurrency is called digital money as it is encrypted and protected using special algorithms. The main difference from the fiat is complete decentralization, independence from any financial and state system, and banking structures. It is achieved with blockchain technology. It allows users to consistently cryptograph their operations. Today there are hundreds of different cryptocurrencies in the world. The main one is still Bitcoin. What are its advantages over traditional currencies? Why use cryptocurrencies and why use Bitcoin?

First of all, all the transaction data is stored simultaneously on multiple user computers connected via the Internet. Simply put, a cryptocurrency does not have a single centre or control system. It is controlled simultaneously by many interconnected devices.

Then, most of the crypto is open source. Usually, cryptocurrencies are built on the basis of open source code. This means that developers can create application interfaces without paying a fee, and everyone can join and use the network.

Cryptocurrency owners keep their digital coins in encrypted digital wallets. The identifier of the owner of the coins is encrypted in the address. The owner of the wallet fully controls it. Usually, the wallet is in no way connected with the owner’s identity. However, be mindful that the relationship between you and your coins is pseudonymous, not anonymous! It is so since registries are open to the general public. This allows registers to collect information about groups of people on the network. There are some security coins, however, that are truly anonymous.

Crypto and Bitcoin’s impact

Today, many central banks are closely monitoring the development of Bitcoin and other cryprocurrencies. Some of them even proposed to issue a digital version of their national currency. For example, the central banks of Canada and Ecuador are among the first to explore such opportunities. This happens due to the fact that Bitcoin and crypto show the flaws in current systems. It is a nice thing that some governments want to perfect their financial systems.

In recent years, the influence of Bitcoin has led to changes in various industries. Mainy online companies began to accept crypro as payment. It opened the possibility for smaller businesses to establish themselves on the market. The impact of Bitcoin and the impact of cryptocurrency are immense in today’s world.

However, crypto brings a lot of political controversies. This is because no government can fully control it. It is sheer value for the people and no state can expropriate it. The cryptography that underlies the cryptocurrency just does not allow it.

The future of Cryptocurrency

What is the future of cryptocurrency, many people ask. In the economy of the future, the main goal is to get rid of intermediaries. They will not be needed. If we believe in this then the whole concept of economy and the whole world vision of it should change. Most of the legal entities that surround us become unnecessary. A large number of functions of the state, the financial system, the intermediary system also passes away. However, this is an extremely idealistic approach.

This is all different, unusual, maybe uncomfortable to many people even. Therefore, the transition to a new crypto economy can happen no earlier than in one or two generations. that means no earlier than in 40 years. Even if technologically the world is ready to this utopian society, people will not create it in a while. There are anti-trends that always work against every trend. The older generations, the governments do not want to change or sacrifice immediate comfort.

Today, the same technological revolution is taking place, as it was 100 years ago. The only difference is that now not human physical strength increases many times with the help of machines, but human mental abilities increase many times due to the same old machines.

The future of Bitcoin

The blockchain technology and Bitcoin, in particular, will make a significant contribution to the world economy. The volume of the impact is yet to be assessed. In the past, it was crypto enthusiasts and traders who determined the dynamics of the cryptocurrency market. Today, big companies have joined the market. With their presence, the future of cryptocurrency and the future of Bitcoin are much more difficult to access.

Nevertheless, it is important to remember that Bitcoin still faces many problems that have yet to be solved. Among other things, there is high power consumption, relatively low transaction speed, risks of hacks and cyber attacks. So, is cryptocurrency the future of the economy? Most likely, yes. However, that future still needs a lot of work to become serene.

Feel ZEN With NOWPayments? We Do!

Feel ZEN With NOWPayments? We Do!

What is Horizen?

Horizen is a cryptocurrency that appeared as a result of  ZClassic’s hard fork. The ticker is ZEN which nicely corresponds with the main idea behind Horizen: anonymity and confidentiality. The cryptocurrency came to the market at the end of May 2017. The developers have set themselves the goal of developing not only ZEN digital money but also a whole platform for users to interact while maintaining their confidentiality. To a certain extent, the community was offered an analogue of the social network.

Horizen is not only a secure cryptocurrency but also the platform that gives its community the ability to communicate privately during transactions, publish documents in the Horizen blockchain by using the Inter-Planetary File System (IPFS). NOWPayments’ team can’t be excited enough to add ZEN to the array of the supported coins!

NOWPayments is a user-friendly crypto payment gateway. It supports all of the major currencies and the list is expanding every week. After all, the more the merrier. NOWPayments works rigorously to provide the best services on the market. We have ensured a quick API deploy and instant funds withdrawal was available for all of our customers.

Apart from that, NOWPayment’s advantages include:

  • The instant auto conversion to save your funds from price fluctuations!
  • The widest among competitors list of supported coins.
  • A transparent and hassle-free API.
  • No hidden fees and custody-free service
  • Support agents are available 24/7
New Coin Added: Welcome XVG!

New Coin Added: Welcome XVG!

What is Verge?

Verge is a cryptocurrency that claims its dedication to full anonymity and users’ privacy. It was created in September 2014. At first, it was created under the name DogeCoinDark but was later renamed. The high degree of confidentiality in the currency is secured by special technology. It hides users’ IP-addresses and the transfer amounts so there’s no possibility to uncover customers’ identities. XVG is a currency with a limited issuance. Over 14 billion (out of a total supply of 16.55 billion) has already been mined already mined.

To accept payments in Verge is to be completely sure in your cyber anonymity! You can start with NowPayments!

NowPayments is a crypto payments gateway that supports all of the major currencies. Working strenuously, we make sure to extend the list of options to use as a payment method every week. NowPayments is designed to be easy to deploy on your website or service and ensure instant funds withdrawal.

Our advantages include:

  • Instant auto conversion that will save you from rate fluctuations and provide total security.
  • A wide range of coins (widest among competitors) with the support of ChangeNOW.
  • Simple, transparent and hassle-free API
  • Convenient dashboard and store settings
  • Custody-free service with no hidden fees
  • Trusted and reliable 24/7 Support service.

Quickstart with our tutorial.

Have FUN on NOWPayments

Have FUN on NOWPayments: New Coin Added

What is FunFair?

FunFair (FUN) is a cryptocurrency that is based on the Ethereum blockchain and developing in the online casino area. The project offers a revolutionary functionality that can not only solve the main problems of the gaming industry but also increase the attractiveness of this kind of entertainment. The FunFair platform was launched in 2017 and during the ICO showed its relevance. Developers pay attention to the main problem of modern online casinos — the opacity and the risks of fraud.

All the distinctive features of the FunFair platform are designed to provide a comfortable environment for leisure and entertainment users. Developers pay great attention to the security of the system, as well as the transparency of all processes — through open access and the immutability of the blockchain, each participant can be confident in the integrity of the funds. All of the above makes FUN the most convenient currency to pay with online. NOWPayments is excited to have it!

NOWPayments is an innovative crypto payment gateway. It supports all of the major currencies and constantly working on bringing in the new coins. Great service comes with diversity, after all. That, and ease of use. NOWPayments rigorously tested its services to ensure quick API deploy and instant funds withdrawal.

Apart from that, NOWPayment’s advantages include:

  • The instant auto conversion powered by ChangeNOW. Save your funds from price fluctuations!
  • The widest among competitors arrange of coins.
  • A simple, transparent and hassle-free API
  • Convenient dashboard and store settings: no specific knowledge required to use
  • Custody-free service with no hidden fees
  • Last but not least, 24/7 support

Top cryptocurrencies for payments

Top Cryptocurrencies for payments

Any type of cryptocurrency does not have official status as a means of payment (a number of countries have already recognized Bitcoin as such but this issue is still open). But typical cryptocurrency properties like decentralization attract users more than many fiat currencies. The owner of any existing cryptocurrency is not tied to a geographical point, state or political system. Despite linking the exchange rate to fiat money like USD, cryptocurrency is valuable in itself and definitely has the ability to become the most popular payment gateway in the near future. That’s why we present you with the list of

Top 8 cryptocurrencies for payments:

  1. Bitcoin / BTC
  2. Ethereum / ETH
  3. Paxos / PAX
  4. Ripple / XRP
  5. EOS
  6. Bitcoin Cash / BCH
  7. Tron / TRX
  8. Binance Coin / BNB


As a digital currency, Bitcoin is sometimes served as a simple problem solution for web sites that are in need to accept crypto payments. However, when you have already implemented the ability to accept payments in the most popular fiat currencies on your website, do you really need to think about additional ones, such as BTC? Usually, the currency of the country where the online store is located is definitely the primary goal. Most online merchants are focused on the local market, which means they want to receive payments in the local currency that they know and trust. At the same time, Bitcoin is such a popular currency right now and if a service is interested in attracting new users it would definitely come in handy.


Ethereum, the second most heard of crypto, is an open source software platform based on blockchain technology. This platform allows developers to create and deploy decentralized applications (dApps) on it. It was smart contracts that brought Ethereum fame. These are contracts written by program code and stored on the blockchain. They make transactions “traceable, transparent and irreversible”. Ethereum managed to win public trust, and the Ethereum Foundation, a non-profit organization, was created to manage its development. The development was funded by ICO, launched in July 2014. During the initial offer of coins, Ethereum released its own token, ether (ETH). ETH is the currency that controls everything in the Ethereum ecosystem. No surprise that it became a popular investment tool and payment method.


A wide range of people has learned about the Paxos stable coin project thanks to Binance’s support and listing announcement. But Paxos is not just a cryptocurrency pegged to the US dollar. Primarily, this is a platform for payments. Paxos project was made to solve the three main problems. First of all, it wanted to satisfy the need in instant conversion of fiat assets into digital assets and vice versa. At the same time, the number of counterparties and, accordingly, counterfeiting risks were minimized. Next problem is the elimination of transaction costs during trading. The last one is the minimization of fees when transferring funds. All of the above makes PAX a perfect online payment tool.


Ripple is a cryptocurrency operating on its own protocol and at the same time, a whole payment system used, among other things, by financial organizations. Initially, the Ripple system was conceived for the exchange of assets, and the Ripple currency appeared as a means of such exchange. In 2005, the first version of the system was released, and after six years it was decided to create a decentralized network with high speed and no mining process. 100 billion coins were issued in advance, of which only 39 billion were sold to users, the rest remained inside the company. 55 billion tokens were frozen through smart contracts. One of the contracts expires every month and 1 billion coins are released. With each transaction in the Ripple network, some XRP is removed from it. Therefore, over time, the cost of each XRP increases. As Ripple was created solely to be a payment system we think it is one of the best options for carrying out online transactions.


EOS is a blockchain-based system that allows, similar to Ethereum, you to develop decentralized, commercial-scale decentralized applications on the EOS.IO platform. Like Ripple, EOS.IO is capable of performing millions of transactions per second, which is so much more than 20 operations per second in Ethereum network and 3-4 in Bitcoins. EOS is more technological than Ethereum and Bitcoin (as it was developed much later), thanks to which its growth rates are highest compared to other cryptocurrencies.


Bitcoin Cash in 2017 as a Bitcoin fork. The two currencies have a common past, but from the moment of the fork, the miners of each platform build their own blockchain. The developers of Bitcoin Cash tried to fix the main drawback of Bitcoin, namely, slow transaction processing. For this, they increased the size of the cryptocurrency block. One of the main problems of Bitcoin was the time delay in the implementation of transactions, sometimes it took up to two days to conduct a transaction, which did not satisfy the users at all. These problems arose because of the small size of the Bitcoin block. The Bitcoin Cash block contains four times as much information as the Bitcoin’s block, which makes it more prepared and adapted to the current popularity of cryptocurrency.


TRON (TRX) is a decentralized open-source cryptocurrency. Tron coin was founded by the Chinese company TRON Foundation, registered in Singapore. TRON works as a unit of account in an application on the blockchain, in which content creators can receive a reward for its distribution. TRON technology is a distributed repository that allows its users to access entertainment content from anywhere in the world without the help of intermediaries. At the same time, content producers will receive rewards directly from the audience, depending on their popularity. As the entertainment industry is the biggest source of funds at the moment, we think that with the growth of the amount of the users, TRX can become quite a popular payment method.


Binance Coin (BNB), as is widely known, is a native token of the Binance exchange. BNB is used to pay fees on the stock exchange and to trade in pairs with 57 most popular cryptocurrencies. Binance Coin holders have a discount on the trading fees. Just lately, Binance has migrated its currency on the blockchain of its own. The cost of BNB Coin in the first place will be affected by the trading volume that occurs on the Binance stock exchange. At the moment, it is one of the most popular exchange ever so we are pretty sure BNB token won’t lose its appeal as a payment method.

Bitcoin VS credit card

Bitcoin VS Credit card: a comparison

Long story short, cryptocurrency is a digital (or virtual) currency that does not have a physical representation. The unit of such a currency is a coin. Bitcoin is one of the first cryptocurrencies to be created and in this article, we would like to provide you with Bitcoin vs credit card comparison.


Modern cryptocurrency wallets are designed in a way so that the user can forget about what is actually happening. When planning to run a transaction, the user enters the wallet address of the transfer recipient, the amount of the coins that they want to transfer and the fee amount that they are willing to spend. Then the user confirm the transfer with a password and voila: the coins are gone!

Transition cost in the Bitcoin network does not depend on the transaction amount, it depends only on the number of addresses participating in it. After you sign and send a transaction to the Bitcoin network, it spreads very quickly across the entire network and enters the memory queue that’s called mempool. Mempool is usually compared with a bottle, through the neck of which transactions fall into the blocks. At the moment, the block size in the Bitcoin network is 1 MB and each block takes 10 minutes to be completed with only 2000-3000 transactions being able to get into one block. Right now, mempool size is 15 MB. This means that only 6.7% of all of the transactions can get into the next block, the rest will have to wait for their turn.

This architecture can be considered both as Bitcoin advantage and disadvantage. Visa or MasterCard transfers fees are determined based on the amount of each transaction and can be truly huge. In the blockchain transfers, you can control the fee yourself and it will affect only the speed of processing.


All transfers from one Bitcoin wallet to another occur with some delay. The delay depends mainly on two parameters: the transaction fee and the network load.

The amount of the transaction fee is determined by the user themselves, and they can put in any amount they are willing to spend. However, a zero or too small of a fee can lead to an infinite delay, i.e. the transaction will not be accepted and the funds will return only in a few weeks.

After being signed, the transaction enters the queue (mempool). Since the block size, as we have already mentioned, has a fixed size of 1Mb and the transaction size in bytes can be different depending on the amount of participating addresses, those transactions for which the fee for each byte is maximum are selected for the next block.

The transaction is considered successful if it receives several confirmations. The first comes when the transaction is received in the block, the second and subsequent after the block with the transaction will form the following blocks, and the entire chain will be accepted by the network.

Credit cards transactions, on the other hand, take a fixed amount of time to process but that time can amount to up to three days. Many advantages of Bitcoin include being able to control the speed of processing but you will have to pay for it.


Naturally, the integrity and security of the blockchain (the distributed access system that Bitcoin is based on) are secured by special kind of cryptography. Bitcoin network is designed in a way that makes cryptocurrency transactions as safe as possible.

You own your Bitcoin funds, and no one can access them. With conventional fiat currencies, it is different: banks can freeze accounts and funds on them and the government can confiscate the money that is listed under your name. This is a very important aspect of the modern world, where money often acts as a way to pressure and punish people. At the same time, Bitcoin was created to guarantee full economic freedom.

Unlike conventional fiat currencies, Bitcoin is completely transparent. Anyone can check the blockchain, see every transaction ever made and make sure everything is working properly. Unfair actions will be immediately noticed and eliminated. It is for this reason that fake Bitcoins and corruption within the system are simply impossible.

On the same time, banks can be robed or corrupted, PIN-code of your credit card can be stolen and it would be almost impossible to return your money or even prove that it was stolen. This is also an advantage of Bitcoins vs cash or credit card as the system was made in a way that prevents the possibility of funds being stolen in the first place.


Bitcoin has remarkable quality, decentralization. This means that the currency does not have a single issuer, its existence in the economy is provided by all of the holders. Another point is that the decision on the reliability of the transaction is not made by any central organization, but by the entire community. Bitcoin guarantees owners economic immunity because it can not be faked or destroyed.

Some do not understand why Bitcoin is worth so much. Everyone who is familiar with the stock market knows that the price of Bitcoin (as well as stock price) depends on supply and demand. In short, the more people believe in cryptocurrency, the more expensive it is. Bitcoin pricing is, in fact, an example of an ideal capitalistic concept where no one can influence the price. Bitcoin is an example of the fairest market that has ever existed.

The banks, once again, are controlled by the government or at least small groups of people that chase their own interests. Yes, Bitcoin is criticised for its mining mechanism that allows hoarding large amount of Bitcoins in the hands of the mining elite but this problem is solved in forks, for example.

Mass adoption

Although the retailers will only be happy to replace credit cards terminals with Bitcoin payment option (due to the ease and speed of the transactions) the cryptocurrency holders are not ready to rejoice. The reason is obvious. Credit cards change the ratio between the joy of shopping and suffering, they provide an opportunity to experience joy now, and the discomfort is paying off to postpone until later. It is so much easier to use borrowed funds!

That being said, the process of mass adoption itself is slow and painful. Governments are not ready to lose control over financial operations and the advantages and disadvantages of Bitcoin do not matter much if it is still illegal in some countries. The biggest pro in using a credit card over BTC payments is that at least you can pay with card anywhere.