If you are familiar with the crypto market, you probably have heard about Harmony and its native currency, ONE. The Harmony network seeks to solve the existing blockchain trilemma and tries to achieve security, scalability, and decentralization simultaneously. The network does it successfully and, as a result, enjoys popularity among crypto investors and blockchain developers. Since ONE token is owned by thousands of people, there are businesses that provide ONE investors with opportunities to exchange their coins for products and services. Although the total number of companies that accept Harmony as payment is not that large, it is definitely growing. NOWPayments assists companies in deploying their Harmony payment gateways.
Key Points:
- Harmony payments are fast, cheap, and eco-friendly.
- Businesses such as Coinsbee and Travala accept ONE as payment.
- NOWPayments offers tools for accepting Harmony payments.
What is Harmony?
Harmony is the new step in the blockchain evolution process. Harmony brings innovation to the sphere of blockchain by enhancing scalability and decentralization. Harmony relies on innovative tech solutions such as sharding which considerably facilitates the network operations. Sharding is a technology for optimizing blockchain mechanics. Harmony’s sharding consists of a beacon chain and several shard chains that concurrently process transactions. As a result, the Harmony network manages to attain incredible transaction speeds and finality. The blockchain is intended for decentralized applications, which can be developed and deployed on top of Harmony. Harmony also integrates a Proof-of-Stake consensus protocol. Thus, the network remains one of the most energy-efficient projects in the industry. Harmony also implemented an adaptive-thresholded PoS which means that the sum of tokens required for staking varies in a way to prevent hackers from concentrating their power in one shard.
Why accept Harmony?
It is sustainable
As mentioned above, Harmony is extremely energy-efficient, thanks to its PoS protocol. Unlike many other blockchains, Harmony does not require large volumes of electricity to operate. Networks such as Bitcoin utilize the PoW protocol that entails mining. Instead of mining, Harmony’s PoS system involves staking. Stakers simply lock their ONE coins in a smart contract and thus ensure the stability and security of the network. As a result, Harmony avoids wasting valuable resources of its users and contributes to sustainability.
It is fast
The demand for the utility of coins is growing at a fast pace. People want to actually use their coins, and payments are one of the most common ways of doing it. When spending crypto, customers and businesses wish their transactions to get processed nearly instantly. Yet, currencies such as Bitcoin can hardly deliver such fast speeds. Harmony, on the other hand, delivers transaction speeds that are envied by the absolute majority of networks. A Harmony transaction, on average, takes only several seconds. Therefore, it seems obvious for businesses to rely on Harmony when it comes to payments.
It is borderless
Moreover, Harmony is perfect for cross-border transfers thanks to its incredible speed. The traditional financial institutions fail to embrace the latest technology. Subsequently, they do not deliver any additional value to their customers. For instance, take international transfers. People living in different countries can wait for days for their money transfer to arrive. It is clear that people living in the 21st century should not suffer from such ridiculous bank inefficiencies. That is why blockchains such as Harmony must be used as the ultimate solution for cross-border transfers. Harmony transactions take the same period of time to process, no matter how long the geographical distance between the sender and recipient.
It is cheap
In addition to an excellent transaction speed, Harmony can boast an almost non-existent transaction fee. On average, ONE transaction takes two seconds and costs less than $0.0001. Yes, it is not a mistake or a typo. ONE transactions are as cheap as dirt which makes them a perfect payment solution for businesses. By using inexpensive payment methods such as Harmony, businesses can bring down their costs and make their products and services more affordable for clients. Essentially, Harmony can help businesses to save on bank fees.
Stores that accept Harmony
Official Harmony Store
Harmony Store is the ultimate place for every ONE investor and Harmony fan. The selection of products offered by the store is truly impressive. You can get your hands on the official Harmony merch such as T-shirts, hoodies, mugs, and tags. Additionally, there are special collections created by notable artists. For instance, you can purchase merchandise, including stickers with art made by harmonyXwolf. The store processes orders within one business day, and clients can expect their products to arrive in approximately one week in the United States. The store also has international shipping. Yet, the coolest thing about the store is that you can pay for your order with ONE.
Coinsbee
Coinsbee has one of the largest assortments of gift cards that people can buy with Bitcoin or other cryptocurrencies, including Harmony. There are cards from more than 2,500 brands from over 160 countries available at Coinsbee. Using gift cards bought with crypto, you can pay for your monthly subscriptions for streaming services or even household items. There are also gift cards for popular gaming platforms such as Steam which you can utilize to top up your game credits. Additionally, at Coinsbee, you can get prepaid debit cards that are universal and can be used for purchasing any kind of product or service online.
Travala
Travala is well-known among crypto investors since it is a service that accepts an extensive selection of crypto payment methods. Harmony is one of them. Established in 2017, Travala has grown into one of the world’s largest travel booking platforms over several years. There are thousands of customers who trust Travala with their travel booking. Travala offers more than two million properties in 230 countries and territories. The accommodations offered by Travala range from apartments and hotels to villas and luxury resorts. Moreover, at Travala, you can book accommodation up to 40% cheaper than at the main travel booking platforms.
daVinci.gallery
The daVinci.gallery marketplace is an NFT marketplace which is deployed on the Harmony blockchain. daVinci is a platform where everyone can create and trade NFTs. The ONE token is used to fuel all transactions on daVinci. This means that in order to issue and buy NFTs, you will have to use ONE. Essentially, daVinci is a real gallery where you can purchase your own digital artworks and become the sole owner of them. daVinci.gallery has a multitude of NFTs. The prices for NFTs on daVinci range from several dollars to thousands of dollars, so everyone will be able to find an item they can afford.
McONE Shop
McONE Shop is a store for the McONE coin. McONE Shop features different merchandise items. For instance, the unique product sold in the store is McONE Metal Coin, a physical coin which you can purchase with ONE in order to support McONE. Additionally, there are hoodies and even metal mugs featuring McONE art. There are also great hats and shirts. All of the items listed by the shop are available for purchase with ONE using NOWPayments Harmony payment gateway. So, if you hold McONE coin, you can get yourself merch to make a statement and promote it among your friends.
LMA Art Gallery
LMA Art Gallery is another art gallery where you can get yourself a unique non-fungible token. The gallery features ART cards deployed on the Harmony network. LMA-ART-GALLERY.com provides people with an opportunity to buy and own ART NFTs Cards. When you buy an LMA Art card, the seller will receive 50% of the reward, and 50% will be used to buy and burn LMA tokens. The Art card’s price increases 100% each time a user buys it. LMA token is the first deflationary token on Harmony Network and can be traded on SeeSwap DEX. All NFT’s are available for purchase with ONE.
Rave Store
$Rave is a toke created specifically for all ravers around the world. The token celebrates the global rave industry and simultaneously provides holder benefits. The total supply of RAVE is only 1,000,000, and it has a built-in deflationary mechanism. If you own RAVE, you may be interested in buying Rave-themed merch from the official Rave store. The store features several items, including T-shirts, hoodies, beanies, and even packs. Basically, you can fully gear up with Rave merch. Additionally, in the store, you can get a LAZR T-shirt. LAZR is the second token in the Rave ecosystem.
How to accept Harmony as payments
If you want to make it to the list of merchants that accept Harmony, you can use NOWPayments’ Harmony payment gateway to get paid in ONE. There are several tools offered by NOWPayments. For example, eCommerce businesses can utilize plugins that are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Other businesses can use crypto invoices and a virtual Point-of-Sale terminal.
Conclusion
Harmony is a great blockchain with many amazing features. As a result, there is a growing number of businesses that accept Harmony payments. NOWPayments provides tools for accepting ONE payments.