GoByte launches its free-of-charge service that will enable online merchants globally to accept multiple cryptocurrencies for their goods or services on the web. This is expected to aid the currency status of digital currency and to bring an increased global adoption to the emerging technologies.
GoByte – Free Service For Merchants Worldwide
Cryptocurrency, which functions as a currency, has come under scrutiny in recent times. Cryptocurrency is seen as the future of our present financial system, with a hope that people will transact using cryptocurrencies rather than fiat in the coming years. However, it is still nascent and yet to be developed enough for appropriate usage.
Solutions have been developed for cryptocurrency to attain currency status. However, the challenges of the system such as volatility among others still bedevil it.
GoByte, a Malaysian open source project, has rolled out its free-of-charge service, to aid the forwardness of cryptocurrency growth. The project, GoByte will enable online merchants worldwide to accept cryptocurrencies for their commercial payment on different platforms and mediums.
This functions as a gateway service for receiving and processing cryptocurrency payments, and also a tool for sending and administrating invoices to individuals and businesses. The integration of the service into a commercial site is free-of-charge, while GoByte only collects a tiny commission for its services.
Hisyam Nasir, the CEO of GoByte noted that the firm’s mission is to be the leader in making cryptocurrency payments easier for users and merchants around the world through this platform.
Further, Nasir said that the firm is developing a simple, but yet powerful platform which features a requirement for small and large businesses to accept and process cryptocurrency payments.
The Making of The GoByte Pay
The GoByte pay system is enabled for its full function by integration of the platform with mobile devices and the addition of the new feature that aids invoices created by a company to be sent to clients.
Further, it aids payment for easy movement to predesignated wallets, that the sender and recipient can easily track.
Also, for the mobile app, there will be synchronization between Android, iOS and desktop apps. This will enable the users to monitor their funds no matter what device they are using.
Inclusive of its tiny cost of service, its transaction time ranges between 1 to 2 seconds, this immediately aids completion of transactions and also an instant transfer of funds. For a broader reach, the GoByte team plans to integrate Bitcoin, Litecoin, and other significant crypto coins.