Discussing the unique and innovative key features of the upcoming CoinsPaid wallet.
Established under Merkelon and Softswiss, our team at CoinsPaid has now over 5 years of experience in the field of cryptocurrency payment services. We are already associated with more than 150 iGaming companies, including such major online casinos as Bitarz, mBit, and BetChain. In 2018 alone, we processed more than 130 million Euro worth of transactions — and we expect the turnover for 2019 to be twice times that.
At CoinsPaid, we constantly strive to analyze the needs of our customers in order to enhance their experience. In 2019, we’ve introduced a crypto-to-fiat exchange tool, supporting 15 fiat currencies, instant transaction confirmations, and much else. In Q4 2019, we’ll be launching yet another key innovation: our own multifunctional crypto wallet.
CoinsPaid Wallet
The central focus of the CoinsPaid wallet is to facilitate interactions between online gambling and betting platforms and their clients. With its instant crypto-to-fiat conversions, mass payments, and minimum latency for transaction confirmations, the wallet will maximize the value for both operators and gamblers.
CoinsPaid wallet combines all the features that one would expect from a top-of-the-range crypto wallet: security, scalability, speed, and ease of use. Users can freely buy, sell, and transfer their digital assets. In addition to this, our KYC approved clients, can enjoy the benefits of exchanging cryptocurrency for fiat currency and vice versa. Even the KYC unverified clients can conduct in any crypto to crypto exchange with the CoinsPaid wallet.
To all this, we’ll soon add a number of advanced features that can’t be found in other wallets, including recurring payments and card acquiring services. Thanks to these and other upcoming tools, CoinsPaid wallet will become a comprehensive fintech app that has all the functionality of a great banking app — only adapted for crypto.
We are going to have a look at the key features of the CoinsPaid wallet that we have designed for our customers can receive maximum benefits.
1. Instant Transaction Confirmation
With the increase in the number of transactions on the Bitcoin network, waiting time for confirmation of transactions has significantly increased. Fortunately, CoinsPaid’s cryptocurrency users do not have to wait a long time to receive confirmation of transactions. With our wallet, users can receive instant confirmation of transactions of major crypto such as BTC, ETH, and BCH.
Furthermore, users can manage their portfolio in real time. Along with the prompt confirmation, other features of the CoinsPaid wallet include the immediate conversion of crypto to fiat, which instantly gets deposited in the user’s account.
2. Recurring Payments
One of our upcoming plans is to introduce recurring payments in our structure. The CoinsPaid wallet users can enjoy this benefit of subscription-based payments in cryptocurrency. This will not only simplify and automate payments for using different apps (say Netflix) and channels, but will also be useful to access the upcoming blockchain applications. With emerging blockchain platforms for different use cases, such services will become a necessity and we want to be at the frontier of rendering such unparalleled services to our clients.
3. Mass Pay
Another unprecedented feature introduced for the CoinsPaid wallet is mass pay. We want to make things simpler for end-users and merchants as well. In this context, we have brought mass pay which will allow users to make mass payments, all at once, simply by importing an excel file or through API.
A business owner, for example, can automate salary payments using this option of mass pay. All he has to do is enter the BTC wallet address and the amount to be transferred for each of its employees in a CSV file. Once the business owner imports this file into our mass pay feature of the wallet, it is automatically disbursed to its employees.
Security Audit
One of the key elements that we, at CoinsPaid, take very seriously is the security of funds of our customers. Based on 100% cold wallet storage of users’ funds, the CoinsPaid wallet will guarantee 100% safety of all our customer’s funds. Moreover, the funds are going to be backed by our own reserves at Coinspaid. Further, this will be provided by audits from one of the reputable firms in the near future.
Aside, from the detailed discussion of features, as presented above, the CoinsPaid wallet and our platform also provide some other leading features such as:
- A safe and secure wallet with a built-in exchange for our customers.
- 0% transaction fee between the user accounts of CoinsPaid.
- Instantly send, receive or buy more than 50 cryptocurrencies from our built-in platform.
- Simple, convenient and easy-to-use interface
- Other competitive advantages to our wallet users include loyalty system, cashback, airdrops, etc.
Working to provide our customers with:
- an IBAN account and branded virtual/plastic card to ease the use of cryptocurrency in day to day life.
- instant deposits into your bank account.
- Full-service fintech application combining all traditional finance tools both for fiat- and cryptocurrencies.
Final Thoughts
Cryptocurrencies are going to play a vital role in our future- both for personal and business needs. With the rise in demand, a number of cryptocurrency-based payment services are subsequently going to increase. At CoinsPaid, we believe in offering fresh and unique features to our customers while keeping our core values of security, scalability, and transparency at the centre.
With our strong foundation, reputation, and established customer-base, we aspire to become an example by innovating models in the crypto sphere.
