Gaming has become an essential part of our lives, and with the advancement of technology, the gaming industry has grown exponentially. With this growth comes the need for easy, secure, and fast payment options. TrueUSD (TUSD) payments are a popular option in the industry due to their speed, security, and reliability. In this article, we will discuss the advantages of using TUSD payments, and how to implement them on your gaming platform letting the players pay with fiat currencies.
Introduction to TrueUSD (TUSD) Payments
TrueUSD is a stablecoin pegged to the US dollar, meaning that its value is always equal to that of the dollar. TUSD payments are a cryptocurrency payment option that allows users to make transactions quickly and securely. Unlike traditional payment methods, TUSD payments are not subject to the same fees and processing times. TUSD payments are decentralized, meaning that they are not subject to government regulations or restrictions, making them a popular option for gamers.
What are TUSD Crypto Payments?
TUSD crypto payments are a type of cryptocurrency payment that uses TrueUSD as its underlying currency. TUSD payments allow for quick and secure transactions, making them a popular option for gamers who require fast payment options. Unlike traditional payment methods, TUSD payments are not subject to the same fees and processing times, making them a cost-effective option for gamers.
TUSD payments are made through the use of a digital wallet, which can be accessed through a computer or mobile device. The wallet allows users to send and receive TUSD payments quickly and securely, making it an ideal option for gamers who require fast payment options.
The Advantages of Using TUSD Payments
There are several advantages of using TUSD payments for your gaming experience. Firstly, TUSD payments are quick and secure, meaning that you can make transactions without worrying about delays or security issues. Secondly, TUSD payments are cost-effective, as they are not subject to the same fees and processing times as traditional payment methods. Thirdly, TUSD payments are decentralized, meaning that they are not subject to government regulations or restrictions, making them a popular option for gamers.
Another advantage of TUSD payments is that they are stable, meaning that their value is always equal to that of the US dollar. This stability makes TUSD payments an ideal option for gamers who require a reliable payment option. TUSD payments are also transparent, meaning that all transactions are recorded on the blockchain, making it easy to track payments and ensure that they are secure.
Understanding Fiat On-Ramp for TUSD Payments
Fiat on-ramp is the process of converting fiat currency, such as USD, into cryptocurrency, such as TUSD. Fiat on-ramp is an essential component of TUSD payments, as it allows users to convert their traditional currency into TUSD, which can then be used for gaming transactions. Fiat on-ramp is a secure and reliable process, ensuring that users can convert their fiat currency into TUSD quickly and easily.
Fiat on-ramp is typically done through the use of a digital wallet, which allows users to deposit fiat currency into their account. The fiat currency is then converted into TUSD, which can then be used for gaming transactions. Fiat on-ramp is a cost-effective option, as it is not subject to the same fees and processing times as traditional payment methods.
How to Use TUSD Payments for Your Gaming Experience
Using TUSD payments for gaming can be a great choice for businesses seeking fast and secure transactions. To use TUSD for gaming, merchants have to first set up an account on NOWPayments and then select a tool of their choice: Extended Custody definitely fits most needs gaming platforms might have. With NOWPayments, businesses can easily and securely accept TUSD payments and provide an efficient payment experience for the players. Moreover, NOWPayments supports not only the TUSD on Ethereum but the TRC-20 token as well.
TUSD Payments on NOWPayments vs Other Payment Options
NOWPayments offers several advantages over other payment options, including lower fees, faster processing times, and a user-friendly interface. NOWPayments is also compatible with a wide range of digital wallets, making it easy for users to deposit and withdraw TUSD.
Other payment options, such as credit cards and PayPal, are subject to higher fees and longer processing times. These payment options are also subject to government regulations and restrictions, making them less reliable and secure compared to TUSD payments.
How to Implement TUSD Payments and Fiat On-Ramp for Your Gaming Platform
NOWPayments’ Fiat On-Ramp and TUSD are a perfect match for gamers seeking fast and secure transactions. With TUSD, gamers can make stablecoin transactions, and with NOWPayments On-Ramp, gamers can pay with credit cards. Together, TUSD and NOWPayments On-Ramp are revolutionizing the way gamers make transactions.
On-Ramp is powered by Guardarian, a trusted EU-based partner of NOWPayments. The service has been successfully providing fiat services for ChangeNOW, NOWPayments’ parent company, for years. It allows users to buy crypto for fiat and then directs the funds to you via NOWPayments.
To use TUSD and NOWPayments Fiat On-Ramp for gaming, merchants have to set up an account on NOWPayments and send a request to [email protected] to enable the fiat-on-ramp feature. They will then pass a KYB verification for Guardarian. Once verified, they can let their players pay with a credit card and receive TUSD.
Fiat payments are processed in two stages: Guardarian charges users with fiat, converts it to TUSD, and sends it to NOWPayments. NOWPayments then processes TUSD received from Guardarian, and the merchant pays a standard service fee of 0.5%.
API flow:
To use On-Ramp in API, create a new payment in the NOWPayments API and set the fiat currency ticker in the “pay_currency” field. The API will send the fiat provider’s payment link in the response. Send this link to your user, and when they open the link, they have to pass a KYC check and pay Guardarian with fiat.
Invoice flow:
In your Personal Account, go to Settings – Coins Settings, and enable the fiat currencies that you would like to accept. Create a new payment, go to Payment Tools – Payment link, and click the “Create payment link” button. You will see the list of the chosen fiat currencies in the “Pay currency” field. Now, you can pick one of the currencies, and the user will be redirected to Guardarian right after they open your invoice.
With these simple steps, you can start using TUSD and NOWPayments Fiat On-Ramp to enhance your gaming experience.
Conclusion
TUSD payments are a popular payment option in the gaming industry due to their speed, security, and reliability. Fiat on-ramp can become an essential component of TUSD payments, allowing users to pay with their traditional currency and merchants to receive TUSD quickly and easily. NOWPayments is a popular payment gateway that supports TUSD payments and fiat on-ramp, making it an ideal option for gaming platforms. By implementing TUSD payments and fiat on-ramp, gaming platforms can offer their users a fast, secure, and reliable payment option, enhancing their gaming experience. Accept TUSD payments with NOWPayments today and take your gaming experience to the next level.