Cryptocurrency payments processor CoinPayments announced on Monday to launch of its new feature, $PayByName, which allows for close to instant transactions between buyer and seller. According to CoinPayments, the feature will give the user the opportunity to send or receive payments without having to copy and paste wallet addresses. While sharing more details about the feature, CoinPayments CEO, Alex Alexandrov, stated:
“It’s been a year of tremendous improvements here at CoinPayments. Our team’s vision of building the most comprehensive crypto payments solution is key to our continued growth, and the new iOS app release is a testament to our perseverance. The added $PayByName feature allows users to send funds anywhere in the world, from the comfort of their mobile device, with the touch of a button.”
Founded in 2013, Coinpayments describes itself as a digital currency payment solution that allows merchants to accept Bitcoin and more than 1100 alt coins int heir stores.
“With over 3,000,000 users across 182 countries, CoinPayments.net is the most comprehensive multi-cryptocurrency platform in the world.CoinPayments offers an industry low transaction fee of only 0.5% The CoinPayments gateway leads the crypto payment industry by being the first and largest crypto payment processor.”
Coinpayments’ services are available on all major e-commerce platforms in the world including:
- WooCommerce
- Shopify
- Magento
- Prestashop
- Opencart
Alexandrov went on to add:
“CoinPayments was built by merchants, for merchants. By continuing to envision what our customers’ most significant challenges are when transacting with cryptocurrencies, we can create a product tailored to their specific needs.”