NomoPay

The demand to create Crypto payment gateways increased right after Tesla’s founder Elon Musk declared – ‘Customers can buy cars using Bitcoins.’ Crypto payments in C2B(Consumer to Business) merchant acceptance are still nascent today. Crypto merchant payments today represent an estimated annual volume of $6 billion, a tiny fraction of the $10 trillion C2B global eCommerce market.

To make a crypto payment

Complex Method

The recipient's blockchain wallet address is required. The payer must copy and paste this address into the appropriate field in their own crypto wallet, enter the amount of payment, and confirm the transaction.

Simplifying cryptocurrency payments and acceptance involves a more intricate process compared to credit/debit card transactions. To initiate crypto transactions, customers must possess a crypto wallet, while merchants must integrate a crypto payment gateway into their systems.

NomoPay Method

Nomopay payment processing is both simple and efficient. The process begins with the customer opening their crypto wallet, scanning the QR code provided on the merchant's website or scanning the QR code displayed in front, and confirming the transaction with a PIN code or any other authentication method. Once the funds are successfully transferred to the designated account, the designated network like Bitcoin promptly recognises and verifies the payment.

Implementing blockchain technology makes sure that the transactions are securely recorded in a transparent and immutable ledger. While the transaction details are accessible to everyone, no party can alter or falsify the transaction record. This feature enhances trust and reliability in the payment system.

After securely crediting the merchant's account with funds, they have the option to either convert them into fiat currency or keep them in cryptocurrency. However, if the product or service is linked to a fiat currency equivalent, like USD, it's crucial to acknowledge the potential impact of exchange rate volatility.

Benefits

Easy to use

Nomopay is designed with an easy-to-use interface, removing barriers to Crypto adoption and making it accessible to both beginners and experienced crypto users. This simplicity is vital for encouraging the widespread adoption of cryptocurrencies as a viable payment option.

Multi-Crypto Support

We offer multi-currency Wallet Support, accommodating both fiat and crypto within a single wallet. This feature ensures wider acceptance and versatility in crypto usage. Moreover, with the integration of crypto cards, users can now conveniently use their digital assets for everyday transactions, similar to using a standard debit card.

User-Centric Control

Empowering users to choose between fiat and crypto for each transaction puts control in their hands. This option is vital for users seeking to take advantage of market trends and efficiently handle their financial resources.

Seamless Integration

NomoPay integrates smoothly with the broader Nomoex ecosystem, enhancing the user experience by enabling quick and effortless transfers between partner wallets and banks. This integration streamlines the transfer of funds, reduces transaction times, and simplifies the financial operations for users.

NomoCards

By introducing a card product like this, we aimed to address a significant challenge in cryptocurrencies, specifically their limited adoption and acceptance. By enabling users to utilise crypto cards at establishments accepting traditional debit or credit cards, Nomopay effectively bridges the gap between digital currencies and conventional financial systems. Moreover, Nomopay's efficient mechanism for converting cryptocurrencies to fiat currencies facilitates smooth transitions between digital and traditional monetary realms.