Since the move towards Web3 initiatives continues to pick up speed, it makes sense for businesses to offer customers as many convenient payment options as possible, including the ability to buy cryptocurrencies with their preferred fiat currency. At the moment, however, that is not the case with decentralized finance (DeFi).
While many platforms launch every day, the majority of these initiatives do not involve wallet-to-wallet transfers but rather rely on programs and payment processors that assist in closing the gap between fiat currency and cryptocurrencies.
Introducing Poof Payments
By incorporating fiat on-ramps into their platforms, companies can incorporate crypto purchases made with fiat money into their platforms, increasing conversion rates and lowering the likelihood of customers abandoning purchases.
This is where Poof comes in. Poof’s web3 payment infrastructure enables easy fiat and cryptocurrency transactions. However, with capabilities to monitor, receive, and transmit payments in cryptocurrency and fiat currencies, the platform achieves this quickly, effectively, and while focusing highly on privacy.
Here are a few integration options users have on Poof:
- Payment Gateways: Venmo, PayPal, Stripe, Cash App
- Credit Cards: Mastercard, Visa, American Express, and Discover
- Web3 Payments: Polygon, Avalanche, Near, Ethereum, and Moonbeam
- Digital Currencies: Litecoin, Bitcoin, XRP, Dogecoin, Solana
With the help of Poof, users can integrate all these options and take back control of their privacy. Poof Checkout enables them to accept payments on their websites via hosted checkout; Poof Storefront facilitates them to set up online shops to sell digital goods; Payment API enables them to track payments; Crypto wallet and payout API enables them to track payouts, and Donation pages will allow them to accept donations via custom links.
What differentiates Poof Payments from other Web3 Payment infrastructure platforms?
As digital assets become more prevalent worldwide, more companies are incorporating cryptocurrencies into their payment networks. But the financial requirements are steep. According to Investopedia, fees on various transaction tiers vary from 0.10% to 0.60% for the maker and from 0.20% to 0.40% for taker fees. This is a significant loss for a company with ongoing transactions.
Not only does Poof offer 0.5% fees across 50 payment methods, but it also guarantees full chargeback protection and PCI compliance. The Poof Storefront also allows users to sell digital goods online and make e-commerce even more accessible by letting them open an online store for free, securing their privacy, and offering 50+ payment methods. In addition, it includes the creation of discord and telegram shops, as well as automating email deliveries and unlocks.
Poof also offers many additional payments features such as one-click e-commerce storefront setup, checkout, payments API, payouts, donations, and cryptocurrency to fiat off-ramps.
Conclusion
As retail and institutional money pours into cryptocurrency markets, practically every major firm aims to streamline onboarding and make crypto payments more safe, accessible, and quick. Poof does this more efficiently than any of its competitors by reducing overheads and high costs to transfer money into and out of the crypto ecosystem and making the overall process smooth.
About Poof
Poof is the fastest digital currency and fiat money movement infrastructure for Web3. With Poof, businesses can accept all popular forms of fiat and digital currency payments. Institutions can offer new web3 applications, from digital currency exchanges to fiat off-ramp applications. Poof lowers the barrier to entry for any person, developer, or institution building Web3 money movement applications.
