NameCheap, one of the most recognized English domain companies, joins the many companies that are beginning to accept payments in cryptocurrencies, such as Bitcoin, Ethereum, Ripple and more.
At the request of its customers and users, the English-language hosting and domain registration company, NameCheapannounced the integration from various cryptocurrencies to your payment options. Among the cryptocurrencies that you can use to pay for a NameCheap account from now on are: Bitcoin (BTC), which has been present in the company since 2013 via Bitpay, Ethereum (ETH), Ripple (XRP) y Bitcoin Cash (BCH)The latest integrations are part of a strategy by the company to integrate a new payment processor, BTCpay, a tool that NameCheap users have been asking for for some time.
BTCpay is a payment processor cryptocurrencies, BTCpay is an open-source, self-hosted blockchain designed with security, privacy, and censorship resistance in mind. BTCpay enables NameCheap to accept payments in Bitcoin and other cryptocurrencies, while reinforcing its commitment to respecting the security and privacy of its users and customers' personal data. NameCheap CEO, Richard Kirkendall, also announced the news through his official Twitter account.
For its part, the managed domain company will continue to accept payments for its web hosting services through the BitPay payment processor. So users who prefer Bitpay will be able to continue purchasing their products and services on NameCheap with this payment processor, but will also have the option to do so through BTCPay.
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NameCheap, innovating in online payments
The integration of cryptocurrencies into its payment methods allows NameCheap to guarantee users secure, cross-border payments from anywhere in the world to purchase its products and services. Through cryptocurrencies, users will be able to enjoy almost instant transactions with fairly low fees, compared to the fees charged when using some of the most popular conventional payment methods, such as credit cards or Paypal.
The company acknowledged that the BTCpay integration is in response to thousands of requests from users demanding that NameCheap integrate a payment processor other than Bitpay, one that has the potential to offer great benefits to the domain company's users. For many, BTCpay is a better option than Bitpay because the platform allows users to manage their own payments. private keys, ensuring the security and integrity of your funds. BTCpay also offers better rates than its competitors, which is why many see this payment processor as a much more cost-effective and secure option.
Payment procedure with Bitpay and BTCpay
For its part, the company announced that users who wish to make payments with cryptocurrencies must have a wallet or wallet that supports services with the Bitpay and BTCpay payment processors. Users must have a minimum amount of $1 USD, in any of the supported cryptocurrencies (BTC, BCH, ETH, XRP) and a maximum limit of $100.000 USD, “which they can add to their Namecheap account.” On the other hand, when making a payment equal to or greater than $3.000 USD, the payment processor will request verification of the user's identity, the same for those who request a refund for an amount equal to or greater than $1.000 USD.
To perform any of these processes, it is necessary for the user to log in to the BitPay or BTCpay account, so that their payment or deposit can be processed successfully. Otherwise, the payments made will not be accepted on the platform.
NameCheap lists several of the wallets and purses that are compatible with payment providers, including: BTC.com, Electrum Wallet, Electron, Bitcoin Core, Bitcoin.com, Exodus, HODL, Badger, among others for payments in Bitcoin and Bitcoin Cash; Metamask, AlphaWallet and TrustWallet for payments in Ethereum.
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