Akurateco, a provider of payment solutions, saw the potential of cryptocurrency payments and took a bold step in their integration. Two years later, 10% of their revenue comes from cryptocurrencies thanks to a partnership with CryptoProcessing.com. How did this happen? Let’s break it down.
Why It’s Important to Work with Crypto Payments
As more people use cryptocurrencies, major industry players are getting involved, focusing on security and regulation. The market is growing and modernizing, which means businesses are becoming more open to new payment approaches. Leading companies like Stripe and PayPal already offer crypto payments as an alternative and additional solution in the financial sector.
According to statistics, as of June 2024, over 617 million people worldwide use cryptocurrencies. By 2030, crypto payments are expected to grow by an average of 17% annually. For Akurateco, studying market statistics and trends became a deciding factor in their decision to offer clients new opportunities.
Akurateco: Partner for Seamless Payments
Founded in 2019, Akurateco creates solutions for PSPs, merchants, and financial organizations around the world. The majority of clients are located in Europe and the U.K. The company offers a turnkey payments platform that allows clients to quickly launch payment acceptance without developing their own cumbersome and expensive systems.
Goals of Partnership with CryptoProcessing
When Akurateco began working with CryptoProcessing.com, they set three key objectives:
- Customer comfort. Convenient payment options are always a priority as they attract and retain customers.
- Competitive advantage. Crypto payments help reduce costs and expand the customer base.
- Future-proofing. Akurateco sees cryptocurrencies as an important step towards a digital future and wants to be at the forefront of this transformation.
From Launch to Satisfied Clients
The team at CryptoProcessing.com helped make the integration process simple and smooth. From a dedicated manager to personalized offers, Akurateco received everything needed to launch crypto payments without any hassle. The integration with the platform was carried out via API, minimizing the impact on the company’s existing processes.
“The integration wasn’t done in a click, which is normal for projects like this. It was a process that required time and effort. But looking back after two years, I’m happy to say everything has been smooth. The gateway works nicely, and both we and our customers are very satisfied with the results,” shared Volodymyr Kuiantsev, Co-Founder and CEO of Akurateco.
How It Works
The payment process for customers is quick and straightforward. The customer requests payment through the Akurateco platform, and CryptoProcessing confirms the payment via API. Then, if necessary, the cryptocurrency is automatically converted into fiat. Clients receive all necessary documentation for transaction accounting, making crypto payments easy and clear to use.
Results and Future Outlook
Currently, cryptocurrency transactions account for 10% of Akurateco’s revenue. Clients appreciate the convenience and security of crypto payments, and according to Volodymyr Kuiantsev, this figure is expected to grow.
“Around 10% of our customers prefer to pay in crypto, but I believe that number will only grow over time,” says the CEO.
CryptoProcessing: Trusted Partner
CryptoProcessing.com has established itself as a reliable partner in the sphere of crypto payments. The company holds licenses in Estonia and is registered in the U.S., with over ten years of experience in the industry, servicing more than 800 merchant accounts. The payment platform supports over 20 cryptocurrencies and 40 fiat currencies, offering clients flexible payment models with no setup or monthly fees, making it a logical choice for PSPs.
