How do cryptocurrency payment gateways work?

Cryptocurrency payment gateways play an important role in ensuring secure and fast transactions in the world of digital assets. These platforms allow businesses to accept payments in cryptocurrency, providing simplicity and convenience for users. The gateway process starts with generating an address for receiving cryptocurrency, and then the transaction is confirmed on the blockchain network. Payment gateways convert the received cryptocurrency into fiat money if required and may charge a commission for their services. Modern gateways also provide fraud protection and support multiple cryptocurrencies, making them a versatile tool for global payments.