CICryptoSolutions, owner of the Naijacrypto.com cryptocurrency exchange has launched crypto payment gateway solution that will enable businesses accept cryptocurrency payments.
The payment gateway – CICryptoPay according to the firm is the first Nigerian owned cryptocurrency payment gateway that helps businesses accept cryptocurrency without having the exposure to market fluctuations characterized by the cryptocurrency market.
The CiCryptoPay solution consists of merchant APIs that are open for integration into e-commerce businesses. Currently supporting Bitcoin as the only cryptocurrency which businesses can accept, the firm reveals more cryptocurrencies will be supported in future.
Security has always been an ongoing topic in cyberspace and the cryptocurrency industry is no different. The CICryptoPay according to firm, offers several features which includes Two-factor Authentication. CICryptosolutions affirmed that security is always its top priority in every decision and it will strive to make the product highly secure by providing other security features.
Also featuring on the product is a fiat and crypto settlement system that allows merchants to choose to receive settlements either to their cryptocurrency wallet or bank account at the end of a business day.
CICryptoPay also features what it called Hedging Service. It is a service that allows merhcants to have the option of requesting for their fiat or crypto settlements to be made at the exact values paid to the merchant. This allows merchants not to worry over market volatility.
CICryptoPay boast of an efficient support which it says is always willing to answer questions and guide businesses to better maximize the platform.
CICryptoPay works by having users creating an account and undergoing KYC procedures where the customer will able have to enable Two-Factor Authentication to boost the security of its account and to utilize all the features the product offers.
As a user creates an account, wallets are automatically created and ready to be used and merchants can quickly and easily access the merchant tools to use on their businesses. This includes simple Payment buttons, API and IPN features.
According to CICryptoPay, anyone who desires to accept Bitcoin a payment method should be rest assured that CICryptopay is right here for them. It also said it will give businesses the opportunity to access the cryptocurrency market quickly and efficiently by facilitating crypto payments to everyone wherever they are located.