Quote from: CoinPayments on May 31, 2018, 08:32:46 PM

CoinPayments First to Offer ERC20 Token Payment Processing

Cryptocurrency payment gateway expands to include Ethereum token payments

Merchants using the CoinPayments payment gateway now have the option to accept ERC20 token payments within their ecommerce store. Until now, there hasnt been a solution created for automated payment processing of ERC20 tokens due to the complexity of the Ethereum blockchain and the gas fees.

Scalability and utility issues around Ethereum tokens have taken the spotlight in the cryptocurrency industry today. Once again, CoinPayments leads the way innovating the first and only ERC-20 token payment processing solution in the world!

Alex Alexandrov, CoinPayments CEO

The addition of ERC20 token payment processing to the CoinPayments platform benefits:
-   The token company with a prebuilt solution for payment processing
-   The merchant having the option to accept payments in their favorite ERC20 tokens
-   The customer by providing more outlets for spending their ERC20 tokens

The CoinPayments payment gateway will allow ERC20 tokens to increase their user adoption through the premade, easy to integrate plugins & APIs offered for all the major ecommerce platforms. Instead of hundreds or thousands of companies coding their own payment processing solutions, they can conveniently use the CoinPayments platform instead.

My vision is a world built around thousands of microeconomies focused on building niche industry specific communities. CoinPayments provides a solution for every new token to have a chance to participate in this new world of banking.

Alex Alexandrov, CoinPayments CEO

More information can be found on the official CoinPayments Blog Announcement for ERC20 Token Payment Processing

CoinPayments was started in 2013 as the first altcoin payment processor and has since grown to over 1.4 million accounts across 182 countries. The easy to use platform offers prebuilt plugins and integrations for all the major ecommerce platforms, including Shopify, Woocommerce and Magento. With hundreds of altcoins supported on their platform, CoinPayments leads the way in furthering the adoption of cryptocurrencies.

This is a welcome development for coinpayment users . The adoption of ERC20 tokens will increase the activities of the payment portal. Thanks to the developers of this amazing platform.