A crypto to fiat payment gateway is a system that allows for the conversion of cryptocurrencies like Bitcoin into conventional fiat currencies, including USD and EUR. This system permits merchants to accept cryptocurrency payments, which are then converted using the most favourable exchange rates into fiat money. This sum is then deposited into the merchant’s bank account.
CryptoProcessing allows merchants to accept payments in cryptocurrency via a crypto payment gateway, convert crypto into fiat, and withdraw it to a bank account. This is a safer and easier option when we consider procedures related to accounting and taxation.