There are two payment methods available: traditional and crypto, both relying on digital wallets. These wallets securely store payment details and passwords, providing users with quick access for purchasing products, goods, and services. For businesses, possessing a crypto wallet enables merchants to accept cryptocurrencies from customers, leveraging the advantages of crypto payment gateways—cost-effectiveness, speed, security, and global accessibility. Additionally, they can mitigate volatility concerns by promptly converting cryptocurrencies into fiat currency.
