Digital payments

Move over Bitpay: How OPEN Makes Some Payment Solutions Obsolete

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

One of the biggest challenges that the cryptocurrency community has struggled to overcome is widespread adoption. Despite having a robust crypto market with anywhere between $400 and $500 billion invested across cryptocurrencies, there simply aren’t enough options available yet that let crypto holders spend their money.

Until now, the most popular payment solution has been Bitpay. Started in 2011, Bitpay is an invoicing platform that allows users to store, spend, and bill clients in Bitcoin. Merchants around the world have used Bitpay as a means to exchange bitcoins for goods and services.

In today’s growing crypto market, there is still a large void left by Bitpay to truly provide mainstream access to cryptocurrencies:

  • Bitpay only accepts bitcoins as payment, ruling out a large portion of the crypto users holding ERC-20 tokens and other altcoins.
  • Because Bitpay acts an invoicing solution, it’s capable of only handling simple, one-time transactions.
  • Bitpay doesn’t communicate with programs’ backends, making it impossible to facilitate instant transactions inside applications and games.

The Answer Is Clear: OPEN Is Here

While innovative when it was first created, Bitpay doesn’t offer the versatility for today’s market. Customers need more than just an invoicing platform – they need a comprehensive crypto payment gateway that’s able to handle more than simple, one-time transactions.

OPEN Platform is the first decentralized payment platform for applications that operates on blockchain technology. What differentiates OPEN Platform from Bitpay and other lesser known payment platforms is its versatility. OPEN doesn’t just accept Bitcoin payments – it works with a variety of cryptocurrencies, such as  Ethereum, Litecoin, and other currencies and tokens.

What makes OPEN Platform truly innovative isn’t how it accepts different cryptocurrencies as payment – it’s how seamlessly the payment gateway integrates into apps and games. With just a few lines of code, developers can tie OPEN Platform into the backend of new and existing programs without having to learn blockchain-based programming languages like Solidity.

This means that virtually every developer, regardless of their actual blockchain knowledge, is able to use OPEN Platform to accept cryptocurrency payments for any purpose such as purchases, monthly subscriptions, and in-app microtransactions.

The relevance of OPEN Platform is not only limited to in-app purchases. OPEN can easily handle one-on-one transactions between users and merchants for online sales. A video subscription site such as Netflix could accept cryptocurrency and instantly provide subscriber status to a user. The versatility of OPEN extends to any operation requiring a payment gateway.

OPEN Brings All Online Payments to One Place

Bitpay has played a monumental role in helping more people see the value in cryptocurrencies. However, the cryptocurrency community is a lot different now than it was in 2011, which is why a comprehensive payment solution is needed. OPEN platform is that solution; one that can be implemented in any use case that will truly enable mainstream adoption of cryptocurrency.

Unlike Bitpay, OPEN Platform is able to reach the entire crypto community – not just Bitcoin loyalists. OPEN’s blockchain-agnostic technology gives developers the flexibility to accept payments over a number of different blockchains, allowing customers to pay with bitcoins or altcoins. This, combined with the fact that OPEN integrates directly with program backends means endless opportunities to implement crypto payments. OPEN Platform is the new smart payment solution.