Moon Blocks To Enhance Crypto Payments: Bit Pay Joins Forces with Web3 Fintech Company

Alisha Deo

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• Moon Blocks and Bit Pay have partnered up to allow crypto-based payments on their platform.
• This move is pushing the goals of bitcoin and its digital counterparts closer to being achieved, as they were initially designed to serve as payment tools.
• By accepting cryptocurrency payments, Moon Blocks can avoid high transaction fees associated with traditional payment methods and potentially offer lower prices to their clients.

Moon Blocks and Bit Pay Partner Up

Web3 and fintech company Moon Blocks has joined hands with payment processor Bit Pay to allow for cryptocurrency-based payments on its platform. This move is pushing the goals of bitcoin and its digital counterparts closer to being achieved, as they were initially designed to serve as payment tools.

Crypto Payments Aimed at Avoiding High Transaction Fees

By accepting cryptocurrency payments, Moon Blocks can avoid high transaction fees associated with traditional payment methods and potentially offer lower prices to their clients. Additionally, this embrace of decentralization is at the heart of the company’s philosophy, positioning themselves as a leader in the industry by offering more payment options and flexibility that will help attract and retain customers who prefer paying in cryptocurrencies.

Volatility a Major Factor When Considering Crypto Payments

Many stores are reluctant when it comes to accepting crypto payments due to volatility which makes it hard for them understand when bitcoin or other cryptos go up or down in price. Consider an example where someone walks into a store and buys $50 worth of merchandise with bitcoin; if 24 hours later the price drops so that $50 becomes $40 then both customer and store would be worse off than if they had used fiat currency instead.

Moon Block’s CEO Giuseppe’s Statement

Giuseppe – CEO at Moon Blocks – said in a statement: We decided to accept crypto because of [many] reasons. Firstly, we want to show that we understand and cater to a crypto-savvy audience to build trust with potential clients. Secondly, by accepting cryptocurrency payments, we can avoid high transaction fees associated with traditional payment methods and potentially offer lower prices to our clients. Additionally, embracing decentralization is at the heart of our philosophy, and accepting cryptocurrency payments can help us position ourselves as a leader in the [industry].

Summary

In summary, Moon Blocks has teamed up with Bit Pay in order allow for crypto-based payments on their platform which was designed from day one for this purpose – avoiding high transaction fees associated with traditional payment methods while also embracing decentralization principles by offering more flexible options for customers who prefer paying using cryptocurrencies over fiat currency or checks/credit cards etc., though understanding volatility remains an issue due; something which needs careful consideration before taking advantage of this option offered by Moon Blockes et al..

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