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As e-commerce evolves, businesses are increasingly turning to crypto payment companies to streamline international and business payments, reducing unnecessary fees, delays, and the need for multiple intermediaries that often complicate the process.
With multi-currency transactions, direct crypto-to-fiat payments, real-time payment tracking, and expanded access in underbanked regions, crypto banking-as-a-service providers offer solutions to real problems while minimizing operational costs and hassle.
Simplifying E-Commerce with Crypto Payment Companies
On average, businesses work with several financial institutions, payment processors, and gateways—each with its regulations and limitations—creating a complex web of payment systems. Not only that, managing tax obligations can be equally complex, especially with the constantly evolving regulations. in such cases, working with a tax management solution, such as Synder, helps automate complex issues.
This complexity drives up operational costs due to transaction fees, currency conversion charges, and administrative expenses, all of which can add up and be especially burdensome for small to medium-sized businesses. When businesses rely on multiple partners and banking institutions, reconciling payments becomes even more painful, as each payment gateway has different settlement times.
Banking-as-a-service providers like Striga simplify the process by enabling businesses to accept crypto payments with easy API integration. This reduces the need for multiple partnerships, cuts costs, and simplifies overall payment reconciliation and processing.
Another persistent challenge is infrastructure. Whether it’s the high cost and effort required to build infrastructure from scratch, or a complete lack of it, the inability to access financial payment services makes international payments and business transactions inefficient.
Setting up a crypto payment platform can be daunting, often requiring dedicated compliance and development teams to make it happen.
For many small to medium-sized businesses, this means investing a large portion of their capital into setup and legal formalities before they can even begin developing their products.
Striga’s integrations and partnerships with issuing banks and central card networks allow businesses to launch in as little as six weeks. As a VASP-licensed entity based in the EU, Striga also manages KYC and AML requirements, ensuring smooth and efficient client onboarding.
This allows companies to focus on scaling their product offerings while Striga handles the technical and legal aspects.
Bridging the Gap with Crypto Payment Companies
Crypto gateways can help e-commerce businesses bridge the payment gap by simplifying and streamlining processes through API integration.
Crypto payment companies like Striga make it possible for businesses to build and launch in just six weeks. Ideal for cross-border payments, businesses benefit from multi-currency crypto exchange wallets, enabling customers to pay with their preferred cryptocurrencies.
Striga’s white-label banking solution offers a unified payment platform that allows businesses to create a branded crypto exchange platform without the need for complex licensing or partnership management.
Growing and Scaling with Crypto Banking Services
Once businesses establish themselves, they can continue to iterate on their product offerings and payment solutions, catering to the evolving needs of their customers.
Focusing on the three key elements—cost, speed, and convenience—helps retain customers and reduce drop-off rates. Ensuring that users can access a quick, secure, and efficient payment gateway is essential.
Crypto banking-as-a-service providers allow e-commerce businesses to simplify their payment systems with an all-in-one solution, eliminating the need to partner with multiple companies.
Customers are more likely to abandon their purchase if their preferred payment method is not available. This can range from offering select cryptocurrencies to crypto debit cards that enable direct payment at any PoS terminal.
Striga Crypto-native Banking as a Service:
Your path to building and launching financial products
Join the financial businesses that use Striga’s cloud platform to delight their customers and launch their own products without the complexities that come when dealing with core banking solutions’ relationships, licensing, compliance and payments methods.
