[Taklimakan Blog] Mass Processing Platforms for Crypto Payments

A new intermediary direction is developing in crypto finance — the creation of platforms for processing crypto payments for mass purposes. For example, Atlanta-based Bitpay has launched a payout service that is used by organizations whose employees want to be paid in cryptocurrencies.

The site is called Bitpay Send. Its services can be used both for payments to full-time employees and for transferring a one-time remuneration. There is a demand. The staff of many organizations would like to receive money in crypto assets, especially for enterprises that are located outside the States and Europe — in countries where the use of banking services is difficult.

Blockchain payments are gaining popularity as they offer an easy, cheap, and fast way to pay. Whereas traditional cross-border payments remain slow, cumbersome, and expensive.

You can get money through Bitpay in a matter of minutes — if, for example, the conversion takes place through Ripple or another coin with a short block creation time.