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Benefits Of Crypto Payments And DeFi Projects For SMEs And Bitpace Customers

It's been over 10 years and it is safe to say that cryptocurrency is here to stay. Since the launch of the first cryptocurrency, the Bitcoin, the crypto market has witnessed a proliferation of digital currencies. It is estimated that there are currently over 9,000 cryptocurrencies today. The crypto space has been met with resistance from governments and corporations but one can say that it is gradually winning the hearts of some governments and corporations. With the global dominance of the crypto market, the benefits of DeFi projects and crypto payments are becoming more apparent and everyone seems to be gradually catching the buzz. This article talks about what Bitpace customers and SMEs stand to benefit from crypto payments and the various DeFi projects in the crypto space. 

Understanding Crypto Payments and DeFi Projects

Governments and corporations alike are becoming more receptive to the idea of digital currencies and accepting them as a form of payment for their products and services. For example, the Venezuelan government partnered with Litecoin to be used as a means of payment in Venezuela's mainstream international payments system. The Australian government does not tax cryptocurrency transactions. In the business world, corporations such as Microsoft, which started accepting Bitcoin as a form of payment as far back as 2014 for its games and apps have been receptive to crypto payments. PayPal, Starbucks, Etsy, and Overstock all accept Bitcoin as a form of payment for their products and services.

Crypto payments simply mean the act of using any cryptocurrency to pay for goods and services as against the conventional fiat currencies. Because of the digital nature of cryptocurrencies, crypto payments can only be done online via cryptocurrency payment gateways such as Bitpace. Payment gateways provide a platform for businesses to accept crypto payments from customers in exchange for their products and services. The payment gateway sector is gradually becoming a booming space and Bitpace has established itself as a reliable gateway for merchants and customers to exchange cryptocurrencies for products and services.

For investors, cryptocurrencies can also be used as a means of payment for other cryptocurrencies. For example, someone that has Litecoin and wants to exchange it for Bitcoin can use crypto payment platforms to do this. Depending on the terms and conditions of the exchange you're using, you can exchange Litecoin for Bitcoin for the value on the crypto exchange platform. You can also use crypto to pay for fiat currency. This is also a form of crypto payment. In this case, you will be using your crypto as a form of payment for fiat currency. Most crypto exchanges like Bitpace offer these crypto payment services. With Bitpace, you can make payments with cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, TRON, IOTA, and so many others. 

DeFi projects, on the other hand, are decentralized finance projects that are based on blockchain technology. DeFi platforms use smart contracts on blockchains to offer financial instruments. A good example is Ethereum. This is different from the central financial intermediaries such as banks, brokerages, or exchanges that offer conventional financial instruments. In other words, users of DeFi platforms can trade cryptocurrencies, borrow or lend funds, speculate on the price movement of different assets using derivatives, earn interest in savings like accounts and insure against risk. All these transactions are done directly between the users of a DeFi platform. It eliminates the need for intermediaries. As of October 2020, it was estimated that a total of $11 billion in cryptocurrency had been deposited in various DeFi protocols. This figure rose to $20.5 in January 2021. 

What SMEs Stand To Gain With Crypto Payments And DeFi

With the big corporations already driving up their interests in crypto payments and DeFi projects, there is no better time for SMEs to join in. They have a lot to gain in adopting the same for their businesses. Here are some benefits of crypto payments for SMEs:

1. More Option For International Payment - If your business involves receiving payment from across the border, you will agree that it is usually fraught with issues like limited payment options and lag in transaction approval. Checks are sometimes inefficient, payment may take days sometimes, and online payment platforms are not accepted in every country. Crypto payments by nature are peer-to-peer payment systems that allow your customers to make payments without any intermediary determining the transaction. With a crypto payment platform like Bitpace, you can receive payments within minutes. 

2. No Issue Of Chargebacks - Business owners are at a risk of credit card chargebacks when payment is reversed by the intermediary. With crypto payments, you do not have to worry about third-party intermediaries reversing payment because of the peer-to-peer technology.  

3. Lower Transaction Fees - The different payment methods available to businesses have high transaction fees. Most payment merchants have set up fees, flat transaction fees, and a percentage of the payment made. Cumulatively, this will be on the high side and affect your business. With crypto payments, peer-to-peer transactions do not charge any transaction fee.

4. Penetration Of Younger Market - Cryptocurrency is most popular among the younger generation. They also have a better hang of it. They will be disposed to patronize a business that offers a crypto payment option as against the one that offers only fiat currency payment. Therefore, your business gains a wider market penetration in the youth demography. 

5. Secured Transactions - The decentralized nature of cryptocurrency guarantees a secured crypto transaction. Blockchain technology protects you from fraudsters. Blockchain technology also stops customers with insufficient funds to make payments. This prevents unnecessary time-wasting and chargebacks. 

Bitpace Crypto Payment Gateway

Bitpace is a crypto platform that offers crypto-based financial services for individuals and businesses. This crypto payment platform provides businesses with a platform that has multi-payment acceptance features and cryptocurrency trading. You also get fixed and dynamic deposit options that allow businesses to accept cryptocurrencies for their products and services from customers. You can also install Bitpace plug-in on your website and use the platform directly to receive crypto payments from your customers. In addition to serving as a payment gateway, businesses can also trade cryptocurrencies on Bitpace.  

Bitpace offers excellent crypto payment services that will ensure the smooth running of your business. Some of these services include:

1. Fixed Deposit - This service enables you to receive crypto payments from your customers in a wide range of cryptocurrencies. It also gives you the option to withdraw the value of these crypto payments in Fiat currency. Your transactions are guaranteed to be quick and secure.

2. Dynamic Deposit Process - This service ensures that your customer can make their crypto payment anywhere and anytime without any hassle. There are complex payment processes. There is a dedicated payment address between you and your customer.

3. Withdraw - Bitpace allows your customers to get their balance in coins without using another platform. All transactions are done on Bitpace. 

4. Trading - Bitpace is not only for business merchants to receive crypto payments. Individuals can also do their crypto trading on the platform. They offer the best crypto rates for traders and investors alike.

Bitpace is a reliable crypto payment gateway that guarantees easy, risk-free, secure, and convenient transactions for businesses and their customers. Once you install the Bitpace API and enter your secure login, you can begin to get paid in Bitcoin or other supported cryptocurrencies. You can choose to deposit your Fiat money in your bank account or have your crypto payment transferred into your crypto wallet.  

Benefits Of Using Bitpace For Crypto Payments

1. Multiple Cryptocurrencies - For business owners, Bitpace allows you to receive a variety of cryptocurrencies as payment for your products and services. There is a wide range of digital coins you can receive as payment. From Bitcoin to Algorand. All you need to do is register as a merchant on the Bitpace platform and you can start receiving crypto payments for your business. 

2. Easy and Fast Payment Processing - Bitpace offers instant payment processing services when you use the platform. You will not have to worry about delays in transaction glitches. Your customer pays you in crypto and you receive the payment instantly. You also do not need coding knowledge to be able to integrate Bitpace crypto payment on your website.

3. No Chargeback Fraud - Chargebacks are a major issue on payment platforms, be it fiat currency or cryptocurrency. Bitpace platform ensures you do not experience chargeback frauds on the crypto payment for your business. 

4. Affordable - The Bitpace crypto payment platform is very affordable for businesses to use. Bit Pace does not charge unnecessary fees such as commitment fees, monthly fees, or any other form of upfront charges. 

5. Global Presence - Bitpace has a worldwide reach that is an obvious advantage for businesses using the platform. Businesses that have customers all over the world can receive their crypto payments without any hassle.

6. Refund Process - When you have issues with your payment transactions, Bitpace offers a fast and reliable refund payment system. Whether you're underpaid or overpaid, you can initiate a refund process that will ensure you get what is due to you.

7. Partial Payment - This feature helps build your business, especially if you're just starting. It gives your customers enough time to fully pay for your products and services. 

Conclusion

It is hard to deny that the world is becoming more and more digital each day; the introduction of the Metaverse, cryptocurrency getting adopted by not only businesses but also by countries, and so on. Cryptocurrency is sitting right in the middle of all these developments and the next phase of life. It is still not late to integrate cryptocurrency into your businesses, take advantage of the countless benefits the crypto payments offer and take your businesses to the next level.

Shinomics is giving investors a chance to hold the token and earn SHIB without any action, all they have to do is hold.

Investors who are looking to earn passive income, now have an added stream, a token that allows them to earn SHIB automatically has been launched. Shinomics is a blockchain project based on Binance Smart Contract, allowing investors to make passive income or a reward in the form of SHIB tokens. SHIB token is a decentralized cryptocurrency that has grown tremendously just one year after its launch and has currently elicited great attention in the crypto world.
Shinomics; the token that allows investors to earn SHIB automatically without effort

Shinomics, which was launched on 8th November 2021 has a total supply of 1, 000,000,000,000 $Shin and is currently selling at $0.000000622422. Its  current market capitalization is at $564,355. Reviews point out that although the token has a small market capitalization as of now, it is performing well in the market and has promising fortunes where investors can get relatively high profits. 

Buying Shinomics

Shinomics have an elaborate four steps buying process, one that has been described by reviewers as the simplest in the market. An investor needs to download Trustwallet or Metamask; two apps that are widely used in the DeFi Market. Developers of the token recommend downloading the Metamask for its convenience while warning the investors not to share their seed phrase. The next step in the Shinomics buying process involves purchasing BNB or Binance Smart Chain to fund the wallet. After funding the wallet, the investor is required to visit Pancakeswap. finance/swap, while here the user can swap BNB with Shinomics.

Rewards

Rewards are given automatically every thirty minutes; investors are not required to claim it. This is the real definition of passive income, where an investor earns money by simply no effort on their side. 

Confidence to investors

To safeguard the investors from Rug pull, the industry normally requires a token's liquidity pooled for a considerable time. Shinomics liquidity is locked for three months with a promise of further extension once the period lapses. The liquidity of Shinomics is further strengthened by the automatic Liquidity Pool where four percent of each transaction is transferred to LP. Apart from giving investors confidence locking the Liquidity pool for Shinomics will give the token adequate time to grow.

Roadmap 

The token has a clear roadmap that investors and users can use to understand the journey of Shinomics. According to its developers and owner, Shinomics has already completed phase one which included: website launch, enlisting 2000 members on Telegram, creation of the smart contract, fair launch at Pancake, first marketing, and achieving 1000 holders. The token is currently at phase 2 where banner marketing and the first audit which was conducted by Techrate have already been completed. The developing team is targeting 2000 holders in the second phase where they have planned strong influencer marketing.

The token has an  ambitious plan, it is not just planning to stay as a meme token. It is looking to develop and include more features and products that investors and users can gain from. The plans include the launching of the first NFT cards, and mobile game development during phase three. There are also plans to build a partnership, launch big promotions including NFT card giveaway as well as brand Shinomics. In phase four, Shinomics developers are planning to launch Beta Game, conduct the second audit with Cetrik, carry out a website redesign and publish the mobile game. There is also a ShinSwap that is scheduled to launch soon. Reviews have described the token as highly promising based on its performance in the market a few days after its launch as well as the planned features.

The team behind Shinomics

According to crypto token analysts, one of the factors that investors look at while selecting a token to invest in is the team behind its development. The analyst points out that the team needs to be well experienced in blockchain as well as running the token. Shinomics as pointed out by its developers meet this threshold. Behind Shinomics is an experienced team that prides itself on the knowledge that is required to build a successful project. The team has mobile core developers with loads of experience in the field. 

The token's audit

TechRate, a company that specializes in free smart contract checks performed an audit of Shinomics smart contract where it sought to ascertain whether it was functioning as intended as well as identify potential security issues. From this audit, the token passed in all the 21 issues that were checked including compiler errors, possible delays in data delivery, front running, timestamp dependence, integer overflow and underflow, methods execution permissions, Oracle calls, design logic, fallback function security, and malicious event log among others. A second audit is scheduled during Phase 4 of the project development. It will be conducted by Cetrik, a leading security-based ranking platform that analyses and monitors blockchain protocols and DeFi projects.

For more information visit: https://shinomics.app/

Twitter: https://twitter.com/shinomicstokenn
Telegram: https://t.me/shinomicsofficial
 BSC: https://bscscan.com/token/0x84bbad0fe2770790f2b587196c6ecb270e776647

Catalytic converter theft has skyrocketed in recent months as organized groups of thieves continue to illegally cut these devices out of cars, SUVs, and rental trucks at an increasingly alarming rate.

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While this has been an ongoing issue for several years, thefts have increased exponentially throughout the recent pandemic period.

Penske's corporate security team is now spearheading a significant outreach program to law enforcement at the city, state and federal levels and cooperating with various catalytic converter theft task forces in hotspots around the country.

"We're also undertaking an aggressive effort to use a new etching technology and exploring other methods to better track stolen catalytic converters within our expansive fleet of trucks," said Scott Brunner, vice president of Security at Penske Transportation Solutions.

Catalytic Converter Thefts by the Numbers

Catalytic converters are emission control devices used on vehicles including Penske's rental trucks that help reduce air pollution.

Thieves are stealing these devices because they often contain high-value metals such as rhodium, platinum and palladium. Once removed and stolen, these devices are then sold by thieves to metal recycling and scrap yards netting the thieves a hefty payday.

"Catalytic converter theft is an increasing problem for consumers and businesses," Brunner said. "It's not a victimless crime. The theft of these devices can cause customers great inconvenience, disables vehicles for repairs, and drives up costs for consumers."

A recent State Farm report examined catalytic converter theft claims from July 1, 2020 to June 30, 2021, and found thefts grew nearly 293% nationwide, representing more than 18,000 instances.

Compared with the same time period just a year earlier, theft reports from the last half of 2019 to the first half of 2020 numbered just above 4,500.

State Farm reported the total paid to customers during the most recent 12-month period was more than $33.7 million. In the previous 12-month period it was slightly below $9 million.

When it comes to claims, California leads the way with more than 3 out of 10 claims being filed in the state. Texas is second, with roughly 1 out of 10 claims, followed by Minnesota, Washington and Illinois, according to State Farm's examination of data from the first half of 2021.

While the value of metals contained in catalytic converters is a driver of the increase in thefts, the National Insurance Crime Bureau linked the thefts to the lingering effects of the COVID-19 pandemic.

"We have seen a significant increase during the pandemic. It's an opportunistic crime. As the value of the precious metals contained within the catalytic converters continues to increase, so do the number of thefts of these devices," said David Glawe. NICB president and CEO. "There is a clear connection between times of crisis, limited resources, and disruption of the supply chain that drives investors towards these precious metals."

As of the end of February 2021, 18 states – Arkansas, Georgia, Hawaii, Illinois, Indiana, Iowa, Minnesota, Missouri, New Mexico, New York, North Carolina, North Dakota, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, and West Virginia – are evaluating potential legislative actions to curb the theft problem, according to the NICB.

Protecting Your Fleet

Penske Truck Leasing recommends all fleet operators take note of this trend and to take protective measures including:

• Properly secure vehicles
• Park in well-lit areas
• Use perimeter fencing when vehicles are domiciled overnight
• Invest in parking lot video surveillance
• Train drivers to look for signs related to theft or tampering during their pre-trip and post-trip vehicle inspections
• Inspect the catalytic converter area often
• Report catalytic converter theft to law enforcement immediately

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