Businesses all across the world are adopting cryptocurrency at a rapid rate since by now it has become obvious that crypto is the future. While some merchants decide to stick to the likes of Bitcoin, well-established coins that have immense usage, others opt for less widespread but, in many ways, superior assets. Horizen is not the most well-known currency on the market, but based on the number of companies which accept it as payment, it has the potential to become the next Bitcoin in the next few years. Horizen’s features make it one of the go-to assets for brick-and-mortar stores that wish to accept crypto payments. NOWPayments is a ZEN payments gateway that lets merchants set up Horizen cryptocurrency payments.
- Horizen is a privacy- and sustainability-oriented cryptocurrency.
- ZEN coin payments are quick, anonymous, and low-cost.
- Receive ZEN cryptocurrency payments using NOWPayments.
What is Horizen crypto?
The Horizen crypto, ticker symbol ZEN, is the native cryptocurrency of the ZEN blockchain which is run by Horizen Labs. Horizen is powered by the most robust and secure public infrastructure enhanced with multiple security layers. Horizen makes use of a distributed node system which provides it with exceptional scalability, security, and network efficiency. ZEN has a total supply of 21,000,000 which puts it in the category of fairly rare cryptocurrencies. The source of ZEN’s competitive advantage is Z-addresses, aka shielded addresses, transactions between which are completely private and anonymous. ZEN is connected to many crypto-payment providers, so people and businesses have no problem plugging into the crypto economy by using ZEN. Thanks to this, anyone can use ZEN to purchase goods and services privately.
Benefits of ZEN payments
Horizen is one of the greenest cryptocurrencies to ever exist. Basically, thanks to the utilization of an innovative approach to reaching on-chain consensus, Horizen does not require power-hungry equipment and computations to run. As a result, Horizen adheres to all of the existing sustainability standards and has a minute impact on the environment.
Businesses that have been staying away from featuring crypto payments due to the environmental concerns raised by Bitcoin’s inefficiency, now have a chance to deploy crypto payments without any harm to nature. ZEN payments can enable any company to reduce its carbon footprint and ensure that it conducts its crypto operations in a sustainable way.
Double privacy protection
As mentioned, ZEN’s primary competitive advantage lies in its extremely private transactions. In fact, Horizen offers two types of addresses that offer different degrees of privacy. There are regular Horizen T-addresses which are similar to Bitcoin’s. Although they are public and transparent, they still remain anonymous.
Yet, if you wish to add another layer of privacy, Horizen has a solution for you. Specifically, you can utilize Z-addresses that leverage zero-knowledge cryptography to obscure sender and recipient addresses, as well as the amount sent. So, brick-and-mortar stores that are not satisfied with the level of confidentiality provided by the standard crypto transactions and conventional payment solutions, can switch to ZEN’s Z-addresses that will fully protect your private info online.
Horizen cryptocurrency transactions are not only private, but they are also rocket-fast thanks to their state-of-the-art mechanics. Horizen leverages Zero Knowledge Proofs that let it increase the throughput of its native network substantially by creating thousands of blockchains.
As a result, Horizen can process 10,000,000 transactions per second which is mind-blowing even by crypto standards. This gives a major advantage to companies that feature ZEN transactions since they can process payments in a matter of seconds, greatly streamlining their operations. This increases customers’ shopping experience making it easy for them to pay. Thus, companies, by utilizing ZEN, will be able to handle more clients in a faster way.
The incredible speed of ZEN transactions does not negatively affect the cost of transactions. ZEN transactions are quite inexpensive since on average the fee users pay to send ZEN is less than a cent. This is absolutely unheard of in the sphere of traditional payment solutions.
For instance, banks charge the businesses that work with them large amounts of money in fees. Such expenses eat into the overall revenues of these companies. ZEN provides businesses with a chance to significantly reduce their costs by embracing ZEN payments. So, do not hesitate to switch to ZEN if the size of fees offered by banks is not something you want to continue to experience.
Out of all fraud types, chargeback fraud seems like the most persistent and inescapable one. Chargebacks are controlled by banks which decide themselves whether to grant permission to conduct a chargeback or not.
This means that when businesses get subject to chargeback fraud often have no possible way to reverse the decision of the bank or somehow dispute it. ZEN gives control over chargebacks back to merchants. Since ZEN transactions peer-to-peer there are no intermediaries controlling them. As a result, ZEN coin transactions are irreversible, so businesses can decide themselves whether to make a chargeback or not.
How to accept ZEN payments with Point-of-Sale?
If you wish to use a ZEN coin payment gateway, you need to follow these steps:
- Create a NOWPayments account.
- Enter the requested information, such as your email and password.
- Type in your Horizen crypto public address.
- Go to “Settings” on the left sidebar, press “Payment settings,” and add a new API key if it has not been generated automatically.
- Go to the “Payment Tools” page on the left sidebar and navigate to “POS Terminal Link” segment. Create your PoS link by adding your custom line of text to the link.
- In “Payment settings,” scroll up and specify your base currency.
- Go to “Coins Settings” and choose ZEN.
- Enter your terminal link which you created in step 5 in the address bar and load the page. Specify the total order price, pick ZEN from the list of available payment options, and generate your Payment Link. Your clients can pay you by scanning the QR code.
The Horizen crypto is an excellent choice for brick-and-mortar stores that want to get paid in crypto. Use NOWPayments’ tools to deploy ZEN coin payments.
Learn more about Horizen and ZEN payments
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- How to accept Horizen crypto and get fiat?
- Top charities & how they can benefit from Horizen
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- Brick-and-mortar stores accepting Horizen
- Top 10 Horizen (ZEN) influencers
- Businesses Accepting Horizen (ZEN): Where Can You Spend Your ZEN
- Horizen Blockchain Network: Real-Life Use Cases, Sidechains, and Responsible Privacy
- ZEN payments on Clubhouse – with NOWPayments, Rob Viglione and Horizen enthusiasts
- How to benefit from ZEN payments
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- Top 10 Horizen influencers 2.0