Coinremitter is supporting a futuristic cryptocurrency called Monero. Merchants can continue consuming the XMR API without upgrading to the pro account.
Merchants can accept Monero payments after signing up for Coinremitter. There is a need of integrating the XMR API into your website for accepting XMR payments. Here is the way of getting the API key and password of Coinremitter.
Adding a Monero wallet on Coinremitter is necessary for accepting Monero. You can read a complete guide to creating a Monero wallet. Now you’re eligible to receive Monero payments with Coinremitter.
Coinremitter charges the lowest XMR fees for withdrawing Monero, i.e. 0.23% of the withdrawal amount.
The purpose of introducing Monero was to provide, privacy-enhancing technologies, anonymity & fungibility. Third parties cannot decode addresses trading Monero, transaction amounts, address balances or transaction histories. In short, Monero provides anonymous transactions.
Fortunately, merchants don’t need to purchase Coinremitter’s premium plan to access Monero. Also, merchants can save more on Monero transactions with the help of low processing fees.
Monero comes with a non-traceable transaction history. It is a privacy-oriented cryptocurrency that serves anonymous crypto transactions. Monero has gained noticeable growth. Also, the feature named ring signature improves the security of XMR holders.
Monero is ASIC-resistant, which means Monero can be only mined using CPUs and GPUs. Monero’s scalability helps it control inflation in fees with the increase in its usage.
Also, there is no need for KYC or a bank account for receiving Monero on Coinremitter. Merchants can start receiving Monero straight in their wallets.
Accepting Monero may help merchants gain a customer base interested in paying XMR only.