Monday, 19 February 2024 01:01 PM
Company Update
SINGAPORE, SINGAPORE / ACCESSWIRE / February 19, 2024 / The crypto market is witnessing consistent growth year by year. With the increasing number of individuals and businesses accepting crypto payments, Coinremitter aims to complete 15 million successful crypto transactions by the end of 2024. It is one of the most reliable crypto payment gateways and it has expected about a 20% rise in successful crypto payments over 2023.
Such an increase can solidify Coinremitter's image as a major crypto payment gateway. A report by Grand View Research predicted a 12.5% compound annual growth rate (CAGR) in the cryptocurrency market size from 2023 to 2030. And we've already seen the crypto adoption growing by 114% in Indonesia back in 2023.
The team Coinremitter confirmed to have a target of 15 million crypto transactions by the end of this year. We had a conversation with them regarding the same and they talked about some factors that can help them reach their target.
Global Expansion
Coinremitter told us about their plan for global expansion. As of now, Coinremitter is serving over 130 countries. Coinremitter is planning to expand its crypto payment services to more countries by the end of the first half of 2024.
However, they didn't disclose the number, they told us that they are collecting feedback from a worldwide audience. They're trying to reach out to global crypto holders and told us to expand their support wherever required the most.
Enhanced Platform Experience
Coinremitter always claimed to be a user-friendly crypto payment gateway. They are looking to improve the user experience. There might not be any parameter to measure this. But they are working to fix some glitches, errors, and crashes across the platform.
We also got some insights regarding their technical support. We got to know about 70% of their merchants being satisfied with their support. Though they're putting efforts into increasing this ratio, we believe that this is a tough aspect where service providers fall short sometimes. Let's expect the team Coinremitter to give their best here as this can help them retain their associated merchants and excellent technical support may also convince merchants to use Coinremitter as their preferred platform for accepting crypto payments.
Increased Supported Cryptocurrencies
Though this is a part of platform enhancements, it needs to be discussed separately. It is a fact that a higher number of popular supported cryptocurrencies can attract a higher volume of transactions. Team Coinremitter said that they're analyzing the cryptocurrency stats like market cap, finding rates, liquidity, etc globally and listening to merchants' demands. ‘The cryptocurrency with the highest demand and popularity will be definitely enabled for crypto payments.' they added.
We thought to check out the history of the platform and we found some additions in the past. We found that Coinremitter added Tron (TRX) and USDT-TRC20 in 2022 and Monero (XMR) in 2023. Let's see what happens with further additions in 2024!
Crypto Education
According to Cointelegraph's survey in 2021, the lack of education was stopping 51% of individuals from adopting cryptocurrencies, which may also affect the audience of crypto payments.
Speaking on this, team Coinremitter revealed to have doubled their efforts to build a community and reach them with something interesting and informative. With over 10,000 Twitter followers, they think that they have a long way to go. They're planning to publish informative crypto posts frequently on various platforms and educate individuals about cryptocurrencies and crypto payments.
Last Words
While Coinremitter was discussing further possible plans to push 15 million successful crypto transactions, they still showed faith in their existing features like the lowest processing fee, KYC-free registration, gas station, etc for having the potential to push a higher number of crypto transactions. However, let's expect to have convincing scenarios to witness substantial upgrades in Coinremitter and the crypto world.
MEDIA CONTACT
Company Name: Coinremitter Pte. Ltd.
Contact Person: Tony
Email: [email protected]
Website: https://coinremitter.com/
City & Country: Singapore,Singapore
SOURCE: Coinremitter Pte. Ltd.