Merchants Now Accept EOS Transactions Through CoinPayments

In a recent press release in George Town, Cayman Islands, on March 1 2019, merchants who are using the CoinPayments gateway will now be able to accept EOS payments in their e-commerce store. According to the report, the initiative put in place makes CoinPayments the first payment gateway that allows merchants to accept the EOS token.

EOS Price Today – EOS / USD


EOS Spearheading the Charge for CoinPayments

Per the report, the CoinPayments Development Team had this to say:

We are happy to reveal the integration of the EOS crypto token into our now growing list of accepted cryptos. We believe that this platform is going to be one of the best when it comes to token-creation.

Also, we look forward to the different dApps that will sprout from its architecture.

EOS for its part has reportedly introduced a Blockchain architecture. This solution is designed to activate the vertical and horizontal scaling of dApps. It’s powered by the native EOS token. The goal of the Blockchain platform is to fix the several mounting issues affecting Blockchains. These issues make Blockchain offerings unable to scale and meet the demands for dApps, cryptocurrencies, and high throughput Blockchain.

Because our objective is to facilitate adoption through the e-commerce solution, we have included support for EOS payment processing. This will allow the platform to scale to meet the demand of cryptocurrency in the future.”

How Does the New Solution Work?

EOS was created with a goal in mind. This is to have the ability to accomplish several goals via a Blockchain solution. Here’s how the new solution works:

Supporting millions of users

This means users will be able to compete with the huge established technological companies which support a monumental user base.

Free Usage

By providing value to users and flexibility to developers, plus encouraging more crypto adoption using its free to use service.

Low latency

TV feedbacks are reliable and low there’s a latency of transactions.

Sequential performance

It allows a sequential performance when it comes to facilitating the management of large volumes on the platform.

Straightforward upgrades and bug recovery

The solution makes it easy to upgrade and handle bug recover with new features, and more robustness when tackling the bugs in the system.

Parallel performance

This option allows the platform to divide its workload across multiple CPUs to be more efficient and increase speed.

EOS operates with a DPoS (delegated proof of stake) consensus algorithm. This model is provided in conjunction with the asynchronous aBFT (Byzantine Fault Tolerance) to achieve fast transactions irreversibility. Within a second, the transaction is typically irreversible on the Blockchain.

About CoinPayments

CoinPayments is a payment processor that came into the scene in 2013. It is the first altcoin payment processor. The platform has grown to support payments for the Bitcoin (BTC) and over 1,000 cryptos for their user base of about 2.3 million accounts in 182 nations around the globe. The easy to use platform comes with prebuilt plugins as well as integrations for all of the major e-commerce platforms. Some of which include Shopify, Woocommerce and Magento.

Using its hosted wallets, fiat settlement and conversion functionality, CoinPayments is a leader when it comes to driving for the adoption of cryptos.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.


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