Gate.io is one of the most popular cryptocurrency trading platforms worldwide. It has launched Gate Pay, a payment gateway.
As announced The Gate Pay offshoot, which is owned by the exchange and is an attempt to strengthen its resolve to encourage widespread adoption of blockchain and crypto technologies.
Gate.io stated that Gate Pay would bring Gate Pay to you cryptocurrencies It can be used as a way to pay individuals and businesses, at no cost. The exchange stated that users might be charged a network fee depending on the 21 cryptocurrencies they are currently supporting.
“Gate Pay is the next big commitment we have to increase crypto adoption. It will bridge the gap from Web 3.0 to daily life, reducing barriers for users and merchants, said Dr. Lin Han (CEO and Founder of Gate.io).
Over 12 million people have used the trading platform Gate Pay technology platform. It has announced that the Gate Pay platform will support additional 130 cryptocurrencies, in addition to the 21 digital assets it currently supports.
The new service is an outgrowth of its core trading offerings, which it expanded to institutional investors back May. To complement their push into broader ecommerce, many exchanges launch their payment offshoots. Gate.io however hopes to provide other value-added service over time, such as the pivot into C2C transfer and promotional handouts.
Gate Pay, from release to subsequent evolutions, will play a key role in the promotion of cryptocurrency. Gate.io will continuously innovate new product ideas to enhance Gate Pay’s functions,” stated Feng Zhou, Gate MiniApp Director and Gate Pay Director.
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