What is a CryptoPayment Gateway?

A crypto payment gateway is a service that facilitates transactions in digital currencies. It allows merchants to accept cryptocurrency payments, performing several key functions:

- Registers payer data.
- Converts payment amounts at specified exchange rates.
- Verifies transactions.
- Records transaction data on the blockchain.
- Converts cryptocurrencies into fiat currencies if requested
- Transfers payments to merchants.
- Provides confirmation to both parties​ (Bitrates)​​ (Corefy)​.