BitPay is one of the early founded bitcoin payment service providers which came into being in 2011 when cryptocurrency was still in incipient phase. It is now a premium platform which allows individuals and businesses to accept bitcoins. Within a year of its foundation, the platform gathered 1,100 active merchants. It has now become an exemplary crypto payment processing website for every digital asset owner.
Setting an example for crypto payment service
Year after year, more users kept adding to it and it has now become the most sought-after bitcoin payment service. So what is the reason for the massive popularity of BitPay? How did it achieve this big success in such short span? There are multiple questions like this appearing in your mind when you read about the success journey of this service provider. Well, the most basic reason behind the phenomenal success of BitPay is it reliable and unfailingly robust mechanism.
It makes transactions seamless, secure and efficient for any business as well. Today, when cryptocurrency has manifested its attributes and garnered support from many industries, it is a very wise step to have a robust service which could cater thousands of crypto users. And if you are thinking of launching your own service, then it is much better to keep an epitome like BitPay in mind before starting the development process.
Making a difference in Cryptosphere
So that, you could aim to procreate not a blatant copy of that platform, but get somewhat close to the level of functionality of the app or website you try to emulate. The number of cryptocurrency users is increasing day by day and a few payment or exchange platforms is not going to suffice them. More importantly, with large number of such platforms, there would be less chances of monopoly by major players. Eventually, it would be very helpful for the users and they will have plenty of choices.
The number of service providers is also rising, but a significant amount of the platforms are no good to users. That’s because, many of those applications haven’t really embraced blockchain to the core mechanism. Most of them are running on centralized framework and they can also intercept in the transactions which is opposite to what decentralized distributed ledger is supposed to do. It makes the platforms vulnerable enough to get victimized by the hackers and results in losing the credibility.
You can do it too with an Expert
It is very important for you to choose a developer who could ensure that your platform generates reliable results. You can surely develop a platform like BitPay, but you need to ensure that it has the features and robustness same as the latter. There are development companies that can help you get the same kind of app, but you need to choose them very carefully. With Coin Developer India, you can make it possible as we provide the best talents in this emerging industry.
Our experts will make sure that you get exactly what you require. Moreover, we also have consultants who will be able to suggest whatelse could be profitable for your business. Since we are working on decentralized apps and crypto-based services, our developers have acquired an acumen which would ultimately help your business grow and become bigger. We make it possible for you with experience, knowledge and curiosity to create something new.
