Our latest product is one that we’ve been rather quiet about, only recently starting to spread exciting information now that its development is approaching a release build. Yes, that’s right; you will soon be able to use PayBX as much as you like, spending cryptocurrency in an agnostic manner online, regardless of if the merchant you want to use it with actually accepts crypto. It might sound like magic, but it’s not — it is magically easy, however.
If you haven’t kept up with our recent news, you might not know too much about PayBX. “What is it”, you might ask. Well, allow us to explain.
An introduction and primer
In short, PayBX is a payments browser extension for the Chromium framework, meaning it works with browsers such as Google Chrome and Brave. It leverages AXPR for fees and preferential rates, and allows users to spend their Bitcoin, Ethereum, and many other cryptocurrencies on any merchant’s online store, ranging from your friend Joe’s Shopify store to the internet giants Amazon and eBay — it is truly agnostic, and the merchant doesn’t need to accept or even know about crypto for it to work.
Well, how does it work? It’s simple.
Your crypto is routed through a financial intermediary that provides the merchant, or the merchant’s financial intermediary, with the required funds. Easy as that, and you no longer have to sell your crypto to get FIAT which you then use on your store of choice — it shortens the time and burden of the process immensely. Think about it, using PayBX means you can spend crypto on anything online, with ease. It resonates with our goal: making crypto, currency.
Crypto needs use and adoption, both of which we aim to help further with this product. Sign up for the waiting list at www.PayBX.io!