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Six months after starting the beta version of their service, British Bitcoin startup AsMoney has just launched their official cryptocurrency payment processing platform AsMoney.com: offering zero fees on cryptocurrency transactions. AsMoney allows anyoe online to transfer money in cryptocurrencies Bitcoin, Litecoin, Dogecoin, Peercoin and Darkcoin; these can all be accepted online via AsMoney's payment gateway.The in-house developed AsMoney payment gateway is designed so flexible that it allows merchants to accept a specified coin such as Bitcoin and convert customers payments with live rates into their preferred local currency such as USD or Euros. AsMoney takes no fees for cryptocurrency transactions, a 0.5% fee for transfer of local currencies between accounts and a 1% fee for withdraw making it a price competitive payment option.
Due to the price fluctuations of cryptocurrencies, some merchants prefer not to accept cryptocurrencies, while merchants using with live rates whenever they need. AsMoney takes on board the risk of cryptocurrency price changes, so merchants can reduce their exposure to cryptocurrency exchange rate risk.
On the other hand, due to the nature of cryptocurrencies, when Bitcoin prices go up network fees goes up too, hence AsMoney´s free cryptocurrency transactions make it an appropriate choice for micro-payments. AsMoney supports multiple currencies and allows people to send money based on location and their local currency; as well as 'mass payments' to multiple receivers - a service that could be helpful for companies of any scale.
Gintatus Vileita, the founder of AsMoney states,
“Initially, our plan was to create a Bitcoin payment gateway, but after a while, we came to the conclusion that users needed a comprehensive solution so as to have access to a set of various cryptocurrencies. A Merchant is in need of more hardware resources and more development expenses for adding new Coins, but AsMoney creates a situation in which all popular Coins can be accepted through one payment gateway.”
AsMoney strives to make Bitcoin more user-friendly for the not so tech-savvy user, and is a simple way to send and receive crypto payments. The platform also provides a web-based ewallet for sending, receiving, and storing Bitcoin without the need to download software. AsMoney also provides a secure payment gateway for anyone selling product or services online. The Bitcoin gateway provides a secure API for concurrent mass payments, instant cryptocurrency payments with no transaction costs, exchange possibilities for BTC and LTC to other currencies, and supports multi-currency transactions.
After six months of analysis, market research, and software testing the experienced AsMoney team can now introduce the final version of the site. During this period AsMoney has added five popular cryptocurrencies and their range now includes Bitcoin, Litecoin, Dogecoin, Peercoin and increasingly popular Darkcoin. AsMoney is planning to potentially add more cryptocurrencies in the future and has due to popular demand chosen to offer their services in Russian.
AsMoney offers industry-standard encryption for the transmitting of all sensitive information, regular backups, a highly secured data center for storing user information with approximately 90% of customer funds in cold storage to prevent theft or loss. AsMoney also has 24/7 account and transaction monitoring both by computer systems and by live security agents, all employees must pass criminal background checks and are required to encrypt their hard drives, utilize strong passwords and enable screen locking. Further in-client side security is also supported; AsMoney has creative pincode structure and supports 2-step authentication to prevent malware stealing clients account information.
After 18 months in development, AsMoney might very well become a popular crypto payment platform for online merchants and cryptocurrency users alike.
Source URL: approved
Release ID: 75504
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