In the next 12 months, account-to-account (A2A) payments are set to become the payment mechanism behind over half of all e-wallet top-ups in the UK and across Europe. As open payments continue progressing towards becoming a mainstream payment mechanism, key verticals like crypto have already achieved early adopter status.
We caught up with CoinGate, one of the newest members of Token’s open payments community, to learn why it was an “obvious choice” to enable their traders to buy crypto assets with A2A payments.
Tell us about CoinGate. What started you on your journey, and what sets CoinGate apart?
What was the catalyst for your decision to enable CoinGate traders in Europe to buy crypto-assets seamlessly with direct account-to-account bank payments?
Why might a CoinGate customer use direct bank payments over other payment options?
Why did you decide to partner with Token to enable open payments capabilities?
When it comes to making your customers’ experience in buying and trading crypto assets as smooth as possible, what barriers or challenges remain?
What’s next for Coingate?
CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any size. The company also brings cryptocurrencies closer to mass adoption by offering several methods to set up cryptocurrency payments for any website or physical store. Besides merchant services, CoinGate also provides a platform for buying and selling numerous crypto assets with a single payment. Customers can choose from such purchasing methods as credit/debit cards, SEPA bank transfer or mobile balance, or sell their coins for fiat.
Token is an open banking payments platform driving the shift from card to bank payments. Token does the heavy lifting of enabling the broadest payment connectivity to banks in Europe through a single API and interface. With Token's A-to-Z toolkit for A2A payments, PSPs, merchants and banks can add open payments capabilities to their platform, accept A2A payments straight from apps and websites, and blend API-based payments and data to reinvent financial experiences faster and more efficiently.