Online cryptocurrency payments are becoming increasingly popular among businesses and ordinary users alike. With the help of cryptocurrency money, nowadays, it is possible to pay for almost any product or service in an online shop, delivery service, or in the social network. Many people prefer this payment system because it has many advantages over traditional (fiat) money cards.
One of the most commonly used cryptocurrencies for online payments is DOT. In this article, we will show you how to set up DOT payment acceptance on your website. There is also a summary of the DOT cryptocurrency itself.
DOT or Polkadot is a cryptocurrency developed by one of the creators of Ethereum. It is a kind of blockchain that is not centralized and has open-source code. The creators of this cryptocurrency call their technology 'multichain.' In other words, DOT forms a unified network that interconnects blockchains and enables them to process and exchange data seamlessly. According to the developers, one of the main advantages of Polkadot is the smoothness in receiving updates and the absence of hard forces, making payment much easier. In addition, Polkadot is ranked among the top 10 cryptocurrencies in terms of capitalization.
The process of accepting DOT payments on a website (such as an online shop's website) is very simple. There are several different ways to do this.
Create a cryptocurrency wallet. Many people prefer to transfer money for goods and services this way. However, despite its simplicity, this method of payment and receipt of payment is not optimal for all customers.
Buy a server to create your own wallet with API. You will need a lot of free space on your hard drive, as well as professional help.
Integrate a special payment module into the website. This online checkout will make payment management easier and allow your customers to pay with a click of a button. This is the way many services such as MEEG.IO offer. Receiving payments into your account this way is the safest and easiest option. Many customers are satisfied with it, both private persons and companies. It's no more complicated than paying by Mastercard, Visa Electron, Apple Pay, or even cash. In addition, the MEEG service allows you to easily convert cryptocurrencies into fiat currency, which can then be used to top up your Mastercard, Visa, or any other bank account.