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Gate.io, one of the world’s first and largest cryptocurrency exchanges, has launched Gate Pay, a leading crypto-based payment product, to the market, Coin Journal reports. press release.
The exchange believes that cryptocurrencies will soon find mass user adoption and become a standard means of payment. The exchange launches Gate Pay to provide public access to the Web 3.0 lifestyle by providing businesses and individuals with a crypto-based payment solution.
Gate Pay is a free and highly secure payment technology developed by Gate.io. Merchants will be able to start accepting cryptocurrencies using the tools that are right for their business, and users will have access to more user-friendly ways to pay for goods and services with cryptocurrencies.
At the moment, the tool supports around 20 cryptocurrencies for payments, with plans to add 100 more in the future.
Merchants can use the tool either by integrating it into their online and retail stores, or by launching Gate MiniApp, a third-party dApp platform that integrates directly into the Gate.io ecosystem. Dr. Lin Han, his CEO and founder of Gate.io, said:
Gate Pay is the next step in our mission to accelerate adoption of cryptocurrencies. By bridging the gap between Web 3.0 and everyday life, we reduce the barriers for individuals and merchants to take full advantage of crypto.
The exchange provides full support for business partners who integrate Gate Pay. Its partners will also gain access to additional elements of the ecosystem, such as Gate MiniApp, which already hosts several leading Web 3.0 apps. These include his crypto travel booking service Travala.com and his crypto-enabled online retailer Uquid.
Starting tomorrow, November 8th, everyone who makes a purchase on Uquid is eligible to win a $500 gift box. Anyone who pays with the new tool can receive up to 11% cashback.
Going forward, the exchange will continue to evolve Gate Pay, introducing promotional materials, C2C remittances, and more.
