Businesses around the world face growing demand to accept cryptocurrency payments but encounter significant challenges, including:
Lack of expertise: Many businesses don’t have the technical know-how to manage cryptocurrency transactions.
Complex processes: Accepting and converting crypto to fiat currency seems overwhelming and time-consuming.
Regulatory uncertainty: Businesses are unsure of how to navigate compliance issues around cryptocurrencies in different countries.
Difficulty scaling globally: Accepting payments from international customers without worrying about local currency conversion or foreign exchange regulations is difficult.
Shiga makes it simple for businesses to accept cryptocurrency payments without needing any in-depth knowledge of the blockchain. Here’s how Shiga solves the problem using Structured services:
Provides virtual wallets: Shiga creates digital wallets for businesses to accept payments in cryptocurrency, automatically converting crypto to fiat currency (USD, EUR, GBP) in minutes.
Automates conversion: Businesses don’t need to manually handle the conversion process. Shiga automatically transfers the equivalent fiat amount to their bank account after every transaction.
Enables instant international payments: With crypto payments, businesses bypass foreign exchange fees and regulations, allowing them to scale globally and accept payments from customers worldwide.
No blockchain expertise needed: Shiga handles all the backend processes, so businesses don’t need to worry about learning the complexities of blockchain technology.
Businesses using Shiga to accept crypto payments enjoy:
Ease of use: They are able to accept crypto payments without needing to understand blockchain, making the whole process straightforward.
Faster payment processing: Transactions are processed quickly, with the equivalent fiat currency deposited into their bank accounts within minutes.
Lower fees: They save on foreign exchange fees and banking charges, making global payments cheaper and more efficient.
Expanded customer base: Businesses can now accept payments from a wider, global customer base without worrying about currency conversion or regulatory hurdles.
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Shiga Digital is a FINTECH group that specialises in developing cutting-edge applications using blockchain and cloud technology. Shiga Digital offers its products and services in partnership with licensed transmitters in their respective jurisdictions. All trademarks and brand names belong to their respective owners. Use of these trademarks and brand names do not represent endorsement by or association with Shiga Digital.
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