Supported Coins
XAIGATE is best cryptocurrency payment gateway is a service that allows businesses to accept Fantom payments (FTM) from customers. It acts as an intermediary between the buyer and seller, handling the processing and settlement of cryptocurrency payments. Try #1 Fantom (FTM) Payment Gateway Now!
- Only 0.2% Transaction Fee
- 9.866+ Supported Coins
- No Monthly Cost
- Security & Global reach
- No hidden fees
Why accept Fantom (FTM)
What is Fantom (FTM)?
Fantom (FTM) is a decentralized blockchain platform designed for smart contracts and decentralized applications (dApps). It aims to address the scalability issues faced by older blockchains like Bitcoin and Ethereum. Here’s a breakdown of Fantom:
- Decentralized, Secure, Scalable: Fantom positions itself as a solution to the “blockchain trilemma” – achieving decentralization, security, and scalability simultaneously. Many blockchains struggle to balance these three aspects.
- Smart Contract Functionality: Similar to Ethereum, Fantom allows developers to build dApps on its platform using smart contracts.
- FTM Token: The native token of the Fantom network is FTM. It’s used for various purposes within the network:
- Staking: Users can stake FTM tokens to contribute to the security of the network and earn rewards.
- Governance: FTM holders can participate in voting on proposals that affect the future of the Fantom network.
- Payments and Fees: FTM is used for making payments within the Fantom ecosystem and covering transaction fees on the network.
- Lachesis Consensus Mechanism: Unlike traditional proof-of-work used by Bitcoin, Fantom utilizes a unique consensus mechanism called Lachesis. This mechanism is designed to be faster and more scalable than proof-of-work.
Fantom (FTM) payment METHODS
How Does Fantom (FTM) Payment Work
How Does Crypto Payment Gateway Work is a service that allows businesses to accept Fantom payments (FTM) from customers. It acts as an intermediary between the buyer and seller, handling the processing and settlement of cryptocurrency payments.
Step 1: Register Account
Create a XAIGATE account to process cryptocurrency transactions quickly and easily. You can sign up and start processing transactions without adding KYC or bank account information.
Step 2: Setup with APIs or Plugin
Set up your XAIGATE account by adding some necessary details, such as your business information and payment preferences. Explore the XAIGATE API to learn how to accept Fantom payments (FTM) on your website.
Step 3: Accepting Fantom (FTM) payments
Congratulations! You can now let your customers pay in cryptocurrency. Explore the many benefits of accepting crypto payments with XAIGATE
About Fantom Payments (FTM)
Why Businesses Accept Fantom Payments (FTM)
Businesses accept Fantom payments (FTM) for a few key reasons:
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Early adopter benefits: Cryptocurrencies are still a relatively new form of payment, and FTM acceptance allows businesses to position themselves as forward-thinking and cater to a tech-savvy customer base. Being an early adopter can potentially attract new customers interested in using crypto for purchases.
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Faster and cheaper transactions: The Fantom network boasts fast transaction speeds (seconds) and very low fees (often fractions of a cent). Compared to traditional payment methods that may involve credit card processing fees and take longer to settle, FTM offers a potentially quicker and more cost-effective solution.
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Reaching a wider audience: Accepting FTM opens your business up to a global customer base interested in using cryptocurrency for transactions. This can be particularly relevant for businesses that deal in digital products or services with international customers.
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Reduced fraud risk: Since cryptocurrency transactions are recorded on a public ledger (blockchain), they are generally considered less susceptible to fraud compared to traditional methods like credit cards.
What is Fantom (FTM) Payment?
Fantom (FTM) payment refers to using the FTM cryptocurrency, the native token of the Fantom blockchain, as a payment method for goods and services. Businesses can integrate FTM payments through crypto processing systems called payment gateways.
Here’s a breakdown of FTM payments:
- For Merchants:
- FTM allows them to accept an additional payment option, potentially reaching a wider customer base interested in cryptocurrency transactions.
- Payment gateways simplify the process of accepting FTM, handling the conversion from FTM to their preferred currency if needed.
- For Customers:
- FTM offers fast and potentially cost-effective transactions compared to traditional methods, especially on the Fantom network known for its low fees.
Why Choose Fantom Payments (FTM)?
Here are some reasons why someone might choose Fantom payments (FTM):
- Scalability: Fantom addresses a major pain point in blockchain technology – scalability. It offers high transaction speeds (around 1 second finality) and low transaction fees, making it suitable for DeFi applications and dApps with frequent transactions.
- Security: Fantom utilizes a unique consensus mechanism, Lachesis, which achieves Byzantine Fault Tolerance (aBFT) in an asynchronous way. This is claimed to provide both security and scalability without compromise.
- Developer friendly: FTM is compatible with the Ethereum Virtual Machine (EVM), allowing developers familiar with Solidity to easily build dApps on the Fantom network. This advantage reduces the learning curve for developers.
- Staking rewards: FTM holders can stake their tokens to earn rewards and contribute to the security of the network.
What is the Fantom (FTM) payment gateway?
A Crypto Payment Processor is a service that allows businesses and individuals to accept Fantom (FTM) tokens as payment for goods or services. It acts as a bridge between the traditional financial system and the world of cryptocurrencies, simplifying the process of receiving and processing Fantom (FTM) payments.
Here’s how a Fantom (FTM) payment gateway works:
- Merchant Integration: The merchant integrates the payment gateway into their website or point-of-sale system.
- Customer Selection: During checkout, the customer chooses Fantom (FTM) as their preferred payment method.
- Transaction Initiation: The customer sends their Fantom (FTM) tokens from their wallet or exchange account to the gateway’s designated Fantom (FTM) address.
- Payment Processing: The gateway verifies the transaction on the Ethereum blockchain and confirms the validity of the Fantom (FTM) tokens.
- Settlement: Once confirmed, the gateway converts the Fantom (FTM) tokens to USD (usually at a 1:1 ratio) and deposits the equivalent amount into the merchant’s bank account.
How do I accept a Fantom (FTM) payment?
Accepting Fantom payments (FTM) can be a simple and efficient way to expand your customer base and benefit from the advantages of cryptocurrency transactions. These platforms offer user-friendly interfaces, robust security features, and API integrations for seamless and secure transactions.
How do I make a Fantom (FTM) payment?
To send Fantom payments (FTM), you’ll need a Fantom (FTM) wallet. Simply copy the recipient’s wallet address or scan their QR code and enter the desired amount to send. It’s as easy as that!
Can I accept Fantom payments (FTM) at my business?
Yes, you can accept Fantom payments (FTM) at your business! In fact, doing so can offer several advantages for your business.
