DigiByte is a decentralized blockchain technology that was created to provide fast and secure transactions. It is a cryptocurrency that has gained popularity due to its fast transaction times, low fees, and its focus on security. DigiByte payments are becoming increasingly popular in the gaming industry as they offer a range of benefits for both gamers and game developers.
DigiByte has a unique feature that sets it apart from other cryptocurrencies, which is its five mining algorithms. This makes it one of the most secure cryptocurrencies on the market, reducing the risk of attacks and hacks. It is also one of the fastest cryptocurrencies, with a block time of 15 seconds, making transactions almost instant.
The advantages of using DigiByte payments for gaming transactions
One of the main advantages of using DigiByte payments for gaming transactions is the speed of transactions. As mentioned earlier, DigiByte has a block time of 15 seconds, which is much faster than other cryptocurrencies such as Bitcoin, which has a block time of 10 minutes. This makes it much more convenient for gamers who want to make quick transactions.
Another advantage of using DigiByte payments is the low transaction fees. DigiByte has one of the lowest transaction fees on the market, which makes it ideal for small transactions, such as in-game purchases. This is a huge benefit for gamers who want to make multiple purchases without having to pay high fees.
DigiByte payments are also secure. As mentioned earlier, DigiByte has five mining algorithms, making it one of the most secure cryptocurrencies on the market. This means that transactions are less likely to be hacked or attacked, making it a safer option for gamers.
Security measures for DigiByte payments
DigiByte payments are secured through a process called mining. Mining involves solving complex mathematical algorithms to validate transactions on the blockchain. This process is done by miners who are rewarded with DigiByte coins for their efforts.
DigiByte also uses advanced encryption techniques to ensure that all transactions are secure. Transactions on the DigiByte blockchain are verified by multiple nodes, reducing the risk of fraud or attacks. Additionally, DigiByte has implemented advanced security features such as DigiShield and MultiShield, which protect the network from attacks.
DigiByte payment processing fees
DigiByte has one of the lowest transaction fees on the market, making it an ideal option for small transactions such as in-game purchases. The average transaction fee for DigiByte is around $0.0001, which is much lower than other cryptocurrencies such as Bitcoin.
Service fees by NOWPayments for DigiByte payments are also very competitive, with processing fees ranging from 0.5% to 1% depending on the payment processor you choose. This makes it an affordable option for game developers who want to accept DigiByte payments.
DigiByte payment adoption in the gaming industry
DigiByte payments are becoming increasingly popular in the gaming industry. Many game developers are now accepting DigiByte payments for in-game purchases. This is due to the many benefits that DigiByte payments offer, such as fast transaction times, low fees, and security.
DigiByte payments are also becoming popular with gamers who want to make quick and secure transactions. As more game developers start accepting DigiByte payments, it is likely that more gamers will start using DigiByte as a payment option.
How to accept DigiByte payments for your gaming business using NOWPayments
NOWPayments is a payment gateway that allows you to accept DigiByte payments for your gaming business. NOWPayments offers a range of payment processing options, including DigiByte, Bitcoin, Ethereum, and other cryptocurrencies.
To accept DigiByte payments using NOWPayments, you will need to sign up for an account and integrate the payment gateway into your gaming website. NOWPayments provides easy-to-use plugins for popular e-commerce platforms such as WooCommerce, Shopify, and Magento.
Once you have integrated the payment gateway into your gaming website, you will be able to accept DigiByte payments from your customers.
Integrating DigiByte payments and fiat on-ramp into your gaming website
Integrating DigiByte payments and fiat on-ramp into your gaming website can be done using payment processors such as NOWPayments. This will allow your customers to pay for in-game purchases using DigiByte or fiat currency.
Integrating DigiByte payments and fiat on-ramp into your gaming website can be done using the payment link or API provided by NOWPayments. Once you have integrated these payment options into your gaming website, your customers will be able to pay for in-game purchases using DigiByte or fiat currency.
NOWPayments’ Fiat On-Ramp and DigiByte are a perfect match for gamers seeking fast and secure transactions. With DigiByte, gamers can make fast transactions on a secure blockchain, and with NOWPayments On-Ramp, gamers can pay with credit cards. Together, DigiByte 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 DigiByte 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 DigiByte.
Fiat payments are processed in two stages: Guardarian charges users with fiat, converts it to DigiByte, and sends it to NOWPayments. NOWPayments then processes DigiByte 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 DigiByte and NOWPayments Fiat On-Ramp to enhance your gaming experience.
Conclusion
DigiByte payments are becoming increasingly popular in the gaming industry due to their fast transaction times, low fees, and security. Game developers are starting to accept DigiByte payments for in-game purchases, and many gamers are using DigiByte as a payment option.
Integrating DigiByte payments and fiat on-ramp into your gaming website can be done using payment processors such as NOWPayments. This will allow your customers to pay for in-game purchases using DigiByte or fiat currency.
Overall, DigiByte payments offer a range of benefits for both gamers and game developers, making them a popular payment option in the gaming industry.