
<p>The <a href="http://www.ivorypay.io">Ivorypay ecosystem</a> has a number of products and services that businesses can explore. One such product is the Ivorypay storefront. The Ivorypay storefront is a feature that allows businesses to showcase their products to customers.&nbsp;</p>



<p>In this article, we have created a step-by-step guide on how your business can easily set up shop using the Ivorypay storefront.</p>



<h2><strong>Step 1</strong></h2>



<h3><strong>Login to Ivorypay</strong></h3>



<p>If you are already a partner platform on Ivorypay, you only need to login in order to get started. However, if you are not yet registered, you will need to set up an Ivorypay account in order to get started. <a href="https://www.ivorypay.io/blog/what-is-a-digital-storefront">Click here</a> to learn more about what a digital storefront is.</p>



<p>Fill in your email and password to log in to your business dashboard. Upon login, you should be presented with a screen like the one below:</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/DT6B-_FDdt7LD6o7mNlbar0guZ6y6c88oIqdixxRaOiUtkRzTG1VlbS2sj7KLPr35vDhMluFv1k37vO0CvepdeKf6YuQLApCUpDOA5d2Ym9V2z36DRBdXh11JOghAfPRuCYaHQ4FrmktjlqH4C094EQoN1gg50rgZFOvA-TRXDTVusd4_qWfXCsrP2Z6IQ" alt=""/></figure>



<h2><strong>Step 2</strong></h2>



<h3><strong>Create Storefront</strong></h3>



<p>On your dashboard, check out the menu list that is located on the left-hand side of your screen. Click the <strong>“Products”</strong> dropdown, then select <strong>&#8220;Ivory Storefront.&#8221;</strong></p>



<figure class="wp-block-image"><img decoding="async" src="https://lh4.googleusercontent.com/IDPBkjIL07dHa-OTR-jbMGY7Hj6ypOeO4bRKhPNYi7coRb3AzKdm3kcXEjfXwLf2ep8By61dAQYpMo0h36uWa2hI10qS7gZTiuhiS5WKmqRLo1j7tncvx03ZwryTfvAKy7r5d9l0rFmop-AYqx4u2nCVqMt66R4JM5WVLNVfgBD4HEf5j2bFxsbnOksyjQ" alt=""/></figure>



<p>You should be presented with a screen like the one below</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh6.googleusercontent.com/iCltWK3UpY7rrvIDKXvBsnhm9B9TpUg38o75MGwM-TyZSdTDaxL6512OkmJ5XDfwxebGl2FzPhijdvQLq0zb0-mJSy66qHopZWMwfnt_j0mGRJKkbe2YOmFfr6eCylxfoNdhjk4n7MXWSyx71TFdm3rRBC1HQninX_t0gLZoYYZCFRvySvaDgw7qVM_rrQ" alt=""/></figure>



<p>Click the <strong>“create new storefront”</strong> button.</p>



<h2><strong>Step 3</strong></h2>



<h3><strong>Fill Store Detail</strong></h3>



<p>The next thing you need to do is fill in your store details. You will be required to input your store name. Your currency option would be set to your home country by default. Next, click <strong>“Create.”</strong></p>



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/2FmNAwYhGBJzigj4PxQ_ueYl2FEC6KIYO_IPLvLMJQsh0DDkvL0M-_cUrKmZ5CUDRyHAmWfHf26jyIbaAqDz9XDMNEIc1-x_2k94XGyspER8WuJ_m0anBZEheanihHw0NtCfPeOx28--rqEVDUuyrEz_IhfXZATfINI24MNCiP8_ILBvuyzCqV0yWLGSNw" alt=""/></figure>



<p>At this point, your storefront should have been created. However, you still need to create products for your storefront. By default, the Ivorypay storefront setup process will prompt you to create your first product.</p>



<h2><strong>Step 4</strong></h2>



<h3><strong>Create product</strong></h3>



<p>By default, Ivorypay storefront will prompt you to create your first product for your online store. You will be required to provide details such as “Product Name”, description, images, price, and more. See screenshots below;</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/LX0O-l89mZXgG76x4cRW7Zdi61PIKIh34nJyHhzi89FnFMmgdrtvxOBiX2SSrkrxh0znlme5Ecp6_P43AxLymO6B89Jyze97D35HXqALVUPjr2jeviTuknk_OV64YaikwEca258-VD9RJWvKttuQ9rL62-kh2HB7_xZUMsC4INI-GRkDJ2yQyvEnGehRkg" alt=""/></figure>



<figure class="wp-block-image"><img decoding="async" src="https://lh6.googleusercontent.com/vHKIcyHNbl--l1lT3eu7GuBpLdilLa_Zapo0O_pqyfwA6hb9wQWJ5OhDtWinniTsVCPZcEOlpwMz5WT6NoKZfq2PD9rGi0AMDQqx8ne81gmImW2vl449O5plpkchigID4MleWuetkEAJ67b9U7AZRSz3A8Qzhs4RhzRsfhPsFQsNRvJyJBPen2Ti8t76SQ" alt=""/></figure>



<p>After filling in all the details, click <strong>“Create.” </strong>You will be taken to a page like the one below;</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/Zwn6YNk2JDqtEJ2529vvlvKMMSfyxoKmGeCeTc-jLXvKRPiF0ytsW_AtDaAAtMSr8m8YvRDoMhGVAxw2OqAh6nJA-Y--aB7MBv0gMS7O-qr5zKPvZNJHHN40b6WRBJQ8qxdUUHSbrt3xg3Ol1Hk63ysyTm91TtQooMLRyBwXvtWc9LUHyhzb5qAfjM-TqQ" alt=""/></figure>



<p>On the storefront, you will need to click the “View” button to see the product you have created in your storefront.</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh3.googleusercontent.com/6Aq_rQLkYsRfv4rAzaY6Q-perBGXqLLar5ZistIWiIdRLD_0WapQgH4btfdEqJ7PlXjkYJUZ_tHTqsoqN31YJC0DHI5TBcYrI47wj9vdjBlZvaFzQIKdfiwCbQOusvgqvTqwW0-s1Zc7FX6ptm_n-pbCUmT6pzGXPC_Ywb9c79QS4_pvtt8jpV2fhKlYxQ" alt=""/></figure>



<p>You can use the “Add new product” button to add new products to your storefront. Click on each individual product to see product details.&nbsp;<br>Additionally, you can explore other storefront options, such as <strong>orders received</strong>. You can also explore special features such as <strong>“customize storefront”</strong> and <strong>“shop settings.”</strong></p>


This article is a step-by-step guide on how your business can easily set up a storefront on Ivorypay.

<strong>How to Setup Your Storefront on Ivorypay</strong>


<p id="7d55">Integrating Ivorypay’s payment gateway into your business ecosystem is the first step towards establishing your startup for success in this era of rapid technological transformation and changing consumer demands.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*V75_fomnog4xhzym.png" alt=""/></figure>



<h3 id="9acc"><strong>TL;DR</strong></h3>



<ul>
<li>All businesses can benefit from Ivorypay’s solutions, you only need to know your business</li>



<li>Meeting user demands is paramount to staying relevant for all businesses</li>



<li>Cryptocurrencies and blockchain technology are rapidly seeing adoption, all businesses must follow suit.</li>



<li>Crypto payment gateway is inevitable for startups as over 18,000 businesses globally now accept cryptocurrencies</li>
</ul>



<h2 id="a72d"><strong>Know Thy Business</strong></h2>



<p id="e94e">Technology is no longer an abstraction in this age and time. It has become a part of our daily lives and we interact with it in several ways every day. Mobile phones, televisions, internet, gaming, laptops, and more, are some of the things that we use on a daily basis. This further shows just how much technology has become a part of us.</p>



<p id="0d78">It seems logical then that businesses find a way to integrate tech into their mode of operation irrespective of the industry that they operate in. As large corporations may require sophisticated engines and automation, small and medium-scale businesses also rely on technology to aid operations. But here is the bottom line, all businesses exist for the sole purpose of making money and they need to have the best payment system in place to ease payment for their clients/customers.</p>



<p id="0e81">For this reason, it is important that businesses know the payment method that syncs perfectly with their system. For instance, a brick-and-mortar store with no online presence typically requires a Point-of-Sale solution or a QR Code solution to support sales. In the same vein, an online retail store will find the payment buttons relevant, while an established eCommerce platform can combine QR codes, payment buttons, and checkouts. Subscription service providers should make it possible for customers to automate payments or pay via links, all with the aim of serving them better.</p>



<h2 id="d336"><strong>Staying Relevant in Business</strong></h2>



<p id="7072">If the sole aim of all businesses is to generate income, this also means that businesses must be willing to evolve with the times to stay relevant. Putting it simply, it is in every business’ interest to meet users’ demands in order to stay relevant. This is one of the resounding lessons that businesses learned at the peak of covid19.</p>



<p id="f544">It has become paramount that businesses have an online presence, or, at the least, create a system that supports online payment. Any business that fails to have this in place will definitely struggle to retain customers in the least and is destined to fail in the long run.</p>



<h2 id="edaa"><strong>Crypto Payment Gateways are the Latest Consumer Trend</strong></h2>



<p id="0956">If there was any doubt about bitcoin and other cryptocurrencies, it certainly evaporated during the lockdown. Cryptocurrencies saw global adoption, and blockchains became the go-to channel for global transactions. This does not come as a surprise as the infrastructure offers cheap, secure, and fast transfer solutions to existing money transfer technologies.</p>



<p id="1882">At present, well over 300 million now use and hold cryptocurrencies globally, and more than 18,000 businesses now transact in crypto. Still, many are bullish on the potential of cryptocurrencies and blockchain technology.</p>



<p id="950d">This is a clear indication to business owners and especially startups in emerging economies — the future of your business and its ability to scale will largely depend on its ability to integrate crypto payment solutions into its everyday life.</p>



<p id="e695">It is no news that consumers will go for the most convenient, cheapest, and safest payment options, and with every passing day, cryptocurrencies and blockchain-based payment solutions are gaining popularity globally.</p>



<h2 id="b69f"><strong>Ivorypay for Your Business</strong></h2>



<p id="d2e8">If you run a startup company in an emerging market (across Africa, Asia, and South America), then you need not look further. The Ivorypay payment infrastructure is specifically designed to support businesses in emerging markets. The ecosystem makes it simple for business owners to easily integrate various crypto payment gateway solutions to ease payment receipts from any part of the world.</p>



<p id="6a6a">You want to scale your business, don’t you? Check out <a href="http://www.ivorypay.io/" target="_blank" rel="noreferrer noopener">Ivorypay</a> today to get started!</p>



<h3 id="6809"><strong>Conclusion</strong></h3>



<p id="b57e">You need not wait until it is too late before you start making the move to make your business relevant to consumer demands. The solution you need is right at your doorstep, get started with Ivorypay today.</p>



<p id="1057">To learn more about Ivorypay, feel free to use the links below:</p>



<p id="00e2"><a href="https://twitter.com/ivorypay" target="_blank" rel="noreferrer noopener">Twitter</a> | <a href="https://www.instagram.com/ivorypay.io" target="_blank" rel="noreferrer noopener">Instagram </a>| <a href="https://www.linkedin.com/company/ivorypay/" target="_blank" rel="noreferrer noopener">LinkedIn </a>| <a href="https://t.me/ivorypay" target="_blank" rel="noreferrer noopener">Telegram</a></p>


Integrating Ivorypay’s payment gateway is the first step towards establishing your startup for success in this era of rapid technological transformation and changing consumer demands.

How Your Startup can Deploy Ivorypay’s Crypto Payment Infrastructure


<p id="be11">At the height of the coronavirus outbreak, national boundaries were shut, movement restrictions were implemented, and in-store shopping became inaccessible. eCommerce stores witnessed an unprecedented level of demand and the no-contact rule became the way to go.</p>



<p id="77de">Even as restrictions have largely eased, consumers now prefer to place orders and make payments online, a move that corresponds with the growth in consumer demands and adoption of crypto and digital currencies as a means of exchange.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*Tde-M0aGwXVzJhbb.jpeg" alt=""/></figure>



<h3 id="0b63"><strong>TL;DR</strong></h3>



<ul>
<li>A considerable number of consumers now prefer to make online payments using cryptocurrencies</li>



<li>eCommerce platforms that wish to scale must now integrate crypto payment gateways as a payment option for customers</li>



<li>Ivorypay offers online businesses in emerging markets the tools necessary to meet user demands for viable crypto payment solution</li>
</ul>



<h2 id="189b"><strong>A Growing Trend of Crypto Adoption</strong></h2>



<p id="74bb">No contact was the reigning slag at the peak of the global lockdown that followed the spread of covid-19 to all corners of the globe. This also implied the restriction of all forms of contact including cash exchanges. With banks becoming slower in processing international transactions, cryptocurrencies became the preferred means of exchange.</p>



<p id="3677">Today, with covid largely behind us, a considerable number of people now use cryptocurrencies and prefer to complete online transactions using them as a means of payment.&nbsp;<a href="https://triple-a.io/crypto-ownership/" rel="noreferrer noopener" target="_blank">Estimates</a>&nbsp;show that there are about 300 million people around the world using/holding cryptocurrencies as of 2021. Most of these users are found in emerging markets in Africa, Asia, and South America.</p>



<p id="c184">Due to the growing adoption rate, businesses are also catching up on the trend with about 18,000 businesses estimated to now accept crypto payments globally.</p>



<h2 id="ade9"><strong>An Opportunity for eCommerce Businesses</strong></h2>



<p id="e6e7">As the adoption rate of cryptocurrencies continues to grow, it opens a unique opportunity for businesses, especially eCommerce platforms to further evolve with time and become more responsive to the needs of consumers.</p>



<p id="8445">This means that online digital storefronts must find a way to integrate crypto payment gateway solutions to further expand their user base (by attracting crypto users) and retain existing customers (who are crypto holders).</p>



<h2 id="1d3a"><strong>Ivorypay is the Payment Infrastructure for Emerging Markets</strong></h2>



<p id="4ac2">The Ivorypay payment infrastructure has been specifically developed to aid the growth of eCommerce platforms in Africa and elsewhere.</p>



<p id="6b1a">Ecommerce platforms can easily deploy any of Ivorypay’s payment solutions and start receiving payments in no time. They could deploy payment solutions such as payment buttons, checkout, payment links, and QR codes.</p>



<p id="5918">The solutions work just as simply as regular interfaces that consumers are familiar with and also enable eCommerce businesses to customize their checkout to meet their unique business needs.</p>



<p id="c3e7">Ecommerce platforms can also conduct customer loyalty offerings such as promo codes, discounts, and referral bonuses using the Ivorypay payment infrastructure. <a href="http://ivorypay.io/" target="_blank" rel="noreferrer noopener">Ivorypay</a> creates an all-encompassing architecture that helps eCommerce platforms manage the end-to-end process for their online business.</p>



<p id="a358">To learn more about the Ivorypay payment solutions, you can the platform to check its <a href="https://www.ivorypay.io/checkout" target="_blank" rel="noreferrer noopener">product suite</a>.</p>



<h3 id="74ac"><strong>Conclusion</strong></h3>



<p id="43f4">Ecommerce businesses all around the world need to evolve with the times and stay competitive by deploying the latest technology for consumer payments on their platforms. Ivorypay is the go-to solution for businesses in emerging markets that wish to stay ahead of the competition.</p>



<p id="6a40">To learn more about Ivorypay, feel free to use the links below:</p>



<p id="78a1"><a href="https://twitter.com/ivorypay" target="_blank" rel="noreferrer noopener">Twitter</a> | <a href="https://www.instagram.com/ivorypay.io" target="_blank" rel="noreferrer noopener">Instagram </a>| <a href="https://www.linkedin.com/company/ivorypay/" target="_blank" rel="noreferrer noopener">LinkedIn </a>| <a href="https://t.me/ivorypay" target="_blank" rel="noreferrer noopener">Telegram</a></p>


The Ivorypay payment infrastructure has been specifically developed to aid the growth of eCommerce platforms in Africa and elsewhere.

Ivorypay Solutions for eCommerce Platforms


<p id="bc88">Gone are the days when digital art creators had to rely on flooded platforms to showcase their collections.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*NdSwaDR5knrTtxjT.jpeg" alt=""/></figure>



<p id="bcb1">The emergence of non-fungible tokens has been a major turning point for digital art creators. NFTs has swiftly brought this niche from the periphery of art creation into the limelight.</p>



<p id="aacb">Art creators can now create digital art and sell them at a handsome price on NFT marketplaces. The main obstacle however, is that NFT marketplaces are crowded.</p>



<p id="deb6">Ivorypay has created an integrated platform where creators can fully build and customize their storefronts while benefitting from an integrated payment system that enables them to choose their preferred payment coins and get paid in no time.</p>



<h3 id="6b7c"><strong>TL;DR</strong></h3>



<ul>
<li>Ivorypay enables digital art creators to launch personalized storefronts on its NFT Storefront</li>



<li>Creators can also benefit from Ivorypay’s integrated payment solutions to accept payment for their digital arts</li>



<li>Ivorypay gives creators a free hand to choose their preferred currency of payment</li>
</ul>



<h2 id="1cbc"><strong>Personalized Storefronts for Creators</strong></h2>



<p id="4514">As part of Ivorypay’s product suite, the project intends to launch an NFT Storefront where digital art creators can showcase their unique creations to a global audience, monetize their work, and accept payment in the most convenient way.</p>



<p id="6f7b">As part of the plans for its storefronts, creators will be able to own personalized NFT Storefronts where they can display their art to collectors from all over the world. As part of the storefront, creators will be able to seamlessly set up shop by choosing from pre-built templates that are offered for free on the platform. This will enable them to focus more on sales without the need to worry about setup costs and other related expenses that can slow them down.</p>



<p id="2c9d">Creators can also add personal touches to their storefronts to further set them apart, making them to their taste and branding.</p>



<h2 id="6088"><strong>Integrated Payment Solutions for the Storefront</strong></h2>



<p id="fc48">By signing up on the storefront, all creators with an Ivorypay storefront will automatically benefit from Ivorypay’s payment infrastructure. This means that creators will be able to accept payments for their digital arts right from within their storefronts. They will be able to integrate Ivorypay checkout, and payment button options to help them facilitate acceptance.</p>



<p id="da24">In addition, creators can also set their art up for bids where collectors can place bids and participate in auctions over a set period of time. Collectors can also purchase multiple digital arts and make payments all at once. This provides economies of scale as transaction processing fees will only be made once.</p>



<h2 id="a8db"><strong>Accepting Multiple Digital Currencies</strong></h2>



<p id="e831">Restrictive payment options are one of the major challenges that creators face at the moment. They are confined to accepting payments based on the platform where a marketplace exists. Creators on a popular NFT marketplace such as&nbsp;<a href="https://opensea.io/" rel="noreferrer noopener" target="_blank">OpenSea</a>&nbsp;are confined to receiving payments in ETH, the native coin of the Ethereum blockchain upon which Opensea is built.</p>



<p id="f3ff">This does not help creators maximize benefits in a market where the prices of digital currencies constantly fluctuate. The situation is even worse when the market is on a bearish trend.</p>



<p id="9217">With Ivorypay, creators can choose from a range of payment options that the Ivorypay infrastructure supports. They could easily accept payment in stablecoins like USDT and USDC, while also having the option to receive payment with the platform’s native IVRY token.</p>



<h3 id="71a1"><strong>Conclusion</strong></h3>



<p id="5c5f">Ivorypay is bringing in a new way to achieve for digital art creators all over the world. As the NFT space continues to grow, it is quite important that creators have more options to choose from and more room to showcase their creativity. This is exactly where Ivorypay stands and it will continue to add value to the global digital creator economy.</p>



<p id="7db5">To learn more about Ivorypay, feel free to use the links below</p>



<p id="000d"><a href="https://twitter.com/ivorypay" target="_blank" rel="noreferrer noopener">Twitter</a> | <a href="https://www.instagram.com/ivorypay.io" target="_blank" rel="noreferrer noopener">Instagram </a>| <a href="https://www.linkedin.com/company/ivorypay/" target="_blank" rel="noreferrer noopener">LinkedIn </a>| <a href="https://t.me/ivorypay" target="_blank" rel="noreferrer noopener">Telegram</a></p>


As part of the plans for the Ivorypay NFT storefront, creators will be able to own personalized Storefronts where they can display their art.

Ivorypay Solutions for Digital Art Creators


<p id="f321">For customers, handling the transaction flow for recurring expenditures and subscription-based payments is an often repetitive and stressful task. It involves repeating the same procedure over and again, with no end in sight. The sheer number of transactions to be completed further adds to the exhausting nature of subscription-based payments.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*QH4TVQCHOhvqi5ul.jpeg" alt=""/></figure>



<h3 id="2cc6"><strong>TL;DR</strong></h3>



<ul>
<li>Customers can now automate recurring payments and expenditures to service providers using the Ivorypay payment infrastructure</li>



<li>With Ivorypay, payments can be authorized and completed within a fraction of a second</li>



<li>The Ivorypay gateway solution allows all transactions to be safely kept on the blockchain with no room for incomplete or failed transactions</li>
</ul>



<h2 id="202f"><strong>Automating Payments with Ivorypay</strong></h2>



<p id="133a">Technological advancement has brought about the digitization of services. Back in the day, services such as water supply and electricity are usually paid for with physical cash where a customer is required to visit the nearest payment center to make a payment. As technologies evolved, it became possible for customers to make payments online by visiting the dedicated platforms of service providers.</p>



<p id="a3db">However, there remains a fundamental problem with customers now having more bills to pay on a periodic basis — from water to electricity, internet, cable TV, music streams, video streams, exclusive platforms, and the list goes on. Having to repeat payments over and again is now a challenge on its own as it involves visiting multiple channels, applications, and in some instances, using multiple devices.</p>



<p id="e940">With Ivorypay, users no longer need to worry about the stress of repetition. Ivorypay allows users (token holders) to simply automate all of their recurring, subscription-based expenses. The infrastructure then handles the entire process for customers, making payments as and when due and keeping all records of transactions on behalf of users.</p>



<p id="1914">On Ivorypay, payments are seamless, and recurring expenses are simplified.</p>



<h2 id="22ea"><strong>Safe and Secured Transactions within Seconds</strong></h2>



<p id="a1f2">Ivorypay is built on the Solana Blockchain, transactions are safe and secure on the platform. Much more, Ivorypay leverages the fast transaction completion time of Solana along with its high throughput capability. This makes it possible for the infrastructure to handle and complete a larger volume of transactions per second. The solution also guarantees zero downtime with no delay in transaction processing.</p>



<p id="a571">Additionally, the Ivorypay payment processor has been configured to accept and complete transactions based on the stipulated transaction amount. This further makes the system ideal for subscription-based businesses as it removes the tendency for incomplete payments, thereby eliminating the occurrence of failed transactions.</p>



<h3 id="931d"><strong>Conclusion</strong></h3>



<p id="2732">Subscription-based payment is only one of the multiple instances of the Ivorypay payment infrastructure. The Ivory ecosystem boasts other business-enhancing solutions that are beneficial to global businesses in emerging markets.</p>



<p id="f086">To learn more about Ivorypay, feel free to use the links below</p>



<p id="ddb6"><a href="https://twitter.com/ivorypay" target="_blank" rel="noreferrer noopener">Twitter</a> | <a href="https://www.instagram.com/ivorypay.io" target="_blank" rel="noreferrer noopener">Instagram </a>| <a href="https://www.linkedin.com/company/ivorypay/" target="_blank" rel="noreferrer noopener">LinkedIn </a>| <a href="https://t.me/ivorypay" target="_blank" rel="noreferrer noopener">Telegram</a></p>


Ivorypay allows users to automate all of their recurring, subscription-based expenses. Ivorypay handles the entire process, making payments as and when due.

How Ivorypay is Transforming Subscription-based Payments


<p id="eeb1">Nonfungible tokens and the metaverse are two separate spheres within web3. These two niches are well established and are valued in billions of dollars. However, there is an increasing interconnectedness that binds the metaverse with NFT. NFTs will represent all assets in the virtual world and it will be vital to an advanced metaverse economy.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*-3i7IzRdTiIqtWqV-6iglw.png" alt=""/></figure>



<h3 id="d21d"><strong>TL;DR</strong></h3>



<ul>
<li>Non-fungible tokens are integral to a fully functional metaverse economy.</li>



<li>They will play vital roles in critical aspects of the metaverse such as gaming, avatars and skins, digital goods, and virtual structures.</li>



<li>This inherent interconnectedness will further contribute to the growth of both sectors in web3</li>
</ul>



<h2 id="1c17"><strong>Gaming Metaverse</strong></h2>



<p id="4236">The gaming industry is primarily regarded as the first to adopt the metaverse. The sector has been creating immersive virtual worlds and characters through role-playing games (RPG) long before the metaverse came mainstream.</p>



<p id="ec86">Already, the emergence of play-to-earn games like&nbsp;<a href="https://axieinfinity.com/" rel="noreferrer noopener" target="_blank">Axie Infinity</a>, Splinterland, and the like, have already introduced NFTs to gaming. Now, as gaming gradually shifts to the metaverse full-time, NFTs will also be transferred to the virtual world. NFTs will represent in-game characters, weapons, tools, bounties, and virtual lands.</p>



<h2 id="0481"><strong>Digital Identity/Avatars</strong></h2>



<p id="5d27">NFTs will represent everything in the metaverse. This also includes the skins and avatars that will represent each user in the virtual world. Humans will be able to access the virtual world using virtual reality headsets. However, it is impossible to be physically present in the metaverse, therefore, each person will have a digital avatar that represents them.</p>



<p id="8495">These avatars are NFTs and they will be used by users to roam the metaverse, work in it and execute any activity that they wish to engage in.</p>



<h2 id="6d47"><strong>Digital Goods</strong></h2>



<p id="d600">The metaverse is projected to hit&nbsp;<a href="https://fortune.com/2022/04/01/citi-metaverse-economy-13-trillion-2030/" rel="noreferrer noopener" target="_blank">$13 trillion by 2030</a>&nbsp;with around 5 billion users. A bulk of the metaverse economy is projected to come from digital goods that will be bought and sold. These digital items will include collectibles, clothing, gaming assets, luxury items, drinks, and more.</p>



<p id="19c6">All of these virtual goods will be built as NFTs on the blockchain and made accessible to users in the metaverse through dedicated marketplaces. While NFTs exchange hands in the metaverse, cryptocurrencies will be used as means of payment.</p>



<h2 id="e569"><strong>Virtual Structures</strong></h2>



<p id="5a75">All sectors and industries will eventually adopt the metaverse in one form or the other. Companies within these industries will ultimately require structures just like they do in the physical world. These structures will be built on plots of virtual land. Virtual estates, bars, companies, and the like, will be built as NFTs in the metaverse. A platform like&nbsp;<a href="https://decentraland.org/" rel="noreferrer noopener" target="_blank">Decentraland</a>&nbsp;already enables users to purchase plots of virtual land.</p>



<h3 id="a17a"><strong>Conclusion</strong></h3>



<p id="6a8d">Non-fungible tokens can be regarded as an essential component of the metaverse. They will make the transition from the physical world to the virtual world easy, granting meaning to interactions and structure to the virtual world.</p>


There is an increasing interconnectedness that binds the metaverse with NFT. NFTs will represent all assets in the virtual world and it will be vital to an advanced metaverse economy.

<strong>How will NFTs be Used in the Metaverse?</strong>


<p id="441b">For smart businesses, accepting payments should not be a cumbersome task. The entire payment process should be simple, swift, and straightforward for customers. Also, all forward-thinking businesses simplify customer experience by making payment seamless.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*0zFnUm74sE3854Eb.jpeg" alt=""/></figure>



<h3 id="344e"><strong>TL;DR</strong></h3>



<ul>
<li>Businesses that deploy the Ivorypay payment gateway can use a variety of options that the platform offers</li>



<li>Businesses can deploy Ivorypay’s checkout integration, payment link, QR code, and payment button to accept payment from their customers</li>



<li>Businesses can also accept payments in USDT, USDC, and the IVRY token.</li>
</ul>



<h2 id="866e"><strong>Multiple Payment Options on Ivorypay</strong></h2>



<p id="29a9">One of the foremost advantages that Ivorypay offers online businesses is the ability to accept payments by deploying different payment options. Clients can choose to integrate Ivorypay’s checkout into their platform. This could prove quite useful for eCommerce platforms where customers sometimes need to add multiple items to their cart while running through offerings on the platform.</p>



<p id="8a18"><a href="http://ivorypay.io/" target="_blank" rel="noreferrer noopener">Ivorypay</a> also offers businesses the option to accept payments using a payment button. Payment buttons can be embedded under an item that is up for sale. Businesses could also choose to accept payment using a link, or a QR code.</p>



<p id="f5da">Clients can also choose to deploy a combination of these options on their platform. Ivorypay’s main priority is for clients to successfully offer their customers the most convenient means of payment. The goal is to offer a solution that improves overall customer experience, retain customers, and increase clients’ revenue over time.</p>



<h2 id="9e44"><strong>Accepting Payments in Stable Cryptocurrencies</strong></h2>



<p id="d951">Ivorypay can be deployed by online businesses anywhere in the world. However, its primary focus is to offer seamless crypto payment solutions for businesses in emerging markets across Africa and Asia. For this reason, Ivorypay ensures that businesses accept payments in stable currencies. This helps businesses to beat rising inflation and other factors that could affect their income.</p>



<p id="f39d">Stablecoins also ensure that IvoryPay partner platforms can easily make transactions and attend to customers from any part of the world. Specifically, IvoryPay helps businesses process cryptocurrencies that are pegged to the US Dollars (USD). For now, the platform processes transactions in USDC and USDT. It also accepts payments in its native IVRY token.</p>



<h2 id="47cb"><strong>The Bigger Picture</strong></h2>



<p id="20eb">Businesses in emerging markets are laden with a lot of potential but they are often faced with certain barriers to payments. Ivorypay’s aim is to eliminate these barriers by offering a platform that helps them connect to the world. With Ivorypay, small and large-scale businesses will earn om stable currencies, while reaching a global audience that can make payments without the usual barriers to payments.</p>



<h3 id="33bb"><strong>Conclusion</strong></h3>



<p id="6b7c">Ivorypay’s ecosystem is a robust architecture that helps businesses drive sustainability and long-term relevance by helping them meet their customers’ payment needs. Ivorypay is the best option for all businesses that wish to enhance user experience and improve revenue.</p>



<p id="eb11">To learn more about Ivorypay, feel free to use the links below:</p>



<p id="4e79"><a href="https://twitter.com/ivorypay" target="_blank" rel="noreferrer noopener">Twitter</a> | <a href="https://www.instagram.com/ivorypay.io" target="_blank" rel="noreferrer noopener">Instagram </a>| <a href="https://www.linkedin.com/company/ivorypay/" target="_blank" rel="noreferrer noopener">LinkedIn </a>| <a href="https://t.me/ivorypay" target="_blank" rel="noreferrer noopener">Telegram</a></p>


One of the foremost advantages that Ivorypay offers online businesses is the ability to accept payments by deploying different payment options.

Explaining Ivorypay’s Payment Solutions for Businesses


<p id="bc77">Web3 games are already changing our conception of gaming. Asset ownership is no longer the sole right of game developers. Today, game players can own in-game assets in the form of NFTs. This has created an entire economy around gaming known as play-to-earn. Through P2E, players can buy, sell, and own in-game assets.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*tgAESUJblsFZP5szlB81EA.png" alt="how-nfts-are-used-in-gaming"/></figure>



<h3 id="4320"><strong>TL;DR</strong></h3>



<ul>
<li>In-game assets are no longer solely owned by gaming companies. Gamers can now own and trade assets as their own</li>



<li>The ability to trade in-game assets as NFTs has led to the emergence of the play-to-earn economy</li>



<li>As a result, NFT brings inclusivity to traditional gaming, helping players become owners.</li>
</ul>



<h2 id="6519"><strong>Traditional Gaming Ecosystem</strong></h2>



<p id="36a6"><a href="https://www.statista.com/outlook/dmo/digital-media/video-games/worldwide#:~:text=Revenue%20in%20the%20Video%20Games,to%20hit%2035.6%25%20by%202027." rel="noreferrer noopener" target="_blank">Gaming is a global activity</a>&nbsp;and people of different age grades play it. Nevertheless, its wide acceptance has mostly been to the benefit of game development companies. These companies design usually have sole control over a game’s ecosystem. They own all assets and often require players to pay a certain amount to unlock specific perks, characters, tools, or weapons.</p>



<p id="6df3">In this manner, the relationship that exists between game companies and game players is that of a business-consumer interaction. However, this is without saying that game development companies spend huge amounts on building games and maintaining gaming ecosystems.</p>



<h2 id="ea63"><strong>Web3 and Play-to-Earn</strong></h2>



<p id="7316">The central tenet of web3 is decentralization. This decentralization has now been transferred into gaming ecosystems. The emergence of non-fungible tokens has also further accelerated decentralization in gaming ecosystems.</p>



<p id="1e3d">In-game assets can now be owned by game players through different means. They could earn them through game progression or buy them in dedicated marketplaces. In-game assets can now be exchanged in the form of NFTs, while asset transfers are conducted and recorded on the blockchain.</p>



<p id="c415">The ability to make money through play-to-earn has ushered in a renewed desire among players who now see&nbsp;<a href="https://nftnow.com/guides/the-best-play-to-earn-games-for-nft-and-crypto-lovers/" rel="noreferrer noopener" target="_blank">P2E</a>&nbsp;as a way to make passive income. In some parts of Asia and other developing countries, NFT gaming has created a major source of income. In these places, entities called&nbsp;<a href="https://www.playtoearn.online/guilds/" rel="noreferrer noopener" target="_blank">game guilds</a>&nbsp;have emerged where players can get trained in specific games. They are then lent game assets to compete for rewards (this could be tokens or NFTs). The rewards are subsequently shared between asset owners, players, and the guild platform.</p>



<h2 id="3dfe"><strong>NFT and Decentralization</strong></h2>



<p id="2974">There would never have been a play-to-earn gaming model without NFTs. NFTs make it possible for in-game assets to become tradable commodities. Thus, it brings inclusivity to traditional gaming, turning players into owners. This is an upgrade from the mere status of a consumer that they used to occupy.</p>



<h3 id="6dac"><strong>Conclusion</strong></h3>



<p id="1e14">NFTs are integral to the decentralization of gaming. They will continue to be relevant as web3 sees more adoption and more game players embrace the concept of play-to-earn.</p>


Today, game players can own in-game assets in the form of NFTs. This has created an entire economy around gaming known as play-to-earn.

<strong>How are NFTs Used in Gaming?</strong>


<p id="dd4e">The Ivorypay payment infrastructure is now available for businesses seeking to become partner platforms. In this article, we walk you through each of the processes involved in signing up on Ivorypay.</p>



<p id="3c9b">Ready to get started? Simply follow the steps explained below;</p>



<h2 id="fa82"><strong>Visit Ivorypay Website</strong></h2>



<p id="b02b">To get started with registering your business on Ivorypay, you should visit Ivorypay’s official website at <a href="http://www.ivorypay.io/" target="_blank" rel="noreferrer noopener">www.ivorypay.io</a>. Click on “Create Account” at the top-right corner of your screen.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*6KSLSX1gFg5ZaqQF" alt="IvoryPay-website-homepage"/></figure>



<h2 id="0e16"><strong>Provide Necessary Details</strong></h2>



<p id="2708">Once you click the “create account” button, you will be redirected to the signup page. On this page, you are required to fill in the necessary information, including your email address and the type of business that you run.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*7BtkjhhRU8-aXeub" alt="IvoryPay-create-account-signup-page"/></figure>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*BpRbriH4fcYOMVDM" alt="IvoryPay-signup-part2"/></figure>



<h2 id="e2dd"><strong>Verify Email</strong></h2>



<p id="bb6f">Once you fill in the necessary details, do not forget to tick the privacy policy and T&amp;C box. After this, you will see a pop-up notification informing you to check your email address for verification.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/0*bbCa6wOe04D9P67x" alt="IvoryPay-business-verify-mail-pop-up"/></figure>



<p id="c302">Following this notification, simply check your email to verify your account. You should get a notification similar to the one below</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/638/0*thGQa0dMjz31o8Hq" alt="IvoryPay-verification-email-confirmation-link"/></figure>



<p id="d4d8">Click on “verify your email address” and then proceed to log into your newly created Ivorypay dashboard.</p>


How to SignUp Your Business on Ivorypay


<p id="f68a">The African continent has several issues that have so far, hindered payments within the continent, within individual countries, and in business relations between African businesses and their counterparts in other parts of the world.</p>



<figure class="wp-block-image aligncenter"><img decoding="async" src="https://miro.medium.com/max/648/1*OdTnWSL7y6M7HNu5wNLFTA.jpeg" alt="why-africa-is-ripe-for-crypto-adoption"/></figure>



<h3 id="9c08"><strong>TL;DR</strong></h3>



<ul>
<li>Certain inherent challenges within Africa have made payments hard for individuals and businesses</li>



<li>This situation is even more complicated for businesses that have to relate with international partners</li>



<li>Crypto payment solutions simplify payments both within Africa and outside of the continent.</li>
</ul>



<h2 id="4bd1"><strong>Inherent Payment Challenges in Africa</strong></h2>



<p id="6716">Unfortunately, there are quite a number of challenges to traditional payment adoption on the continent.</p>



<p id="f1ab">The issue of the unbanked in Africa is not new.&nbsp;<a href="https://www.bpcbt.com/blog/digital-bank-in-africa-report-by-bpc#:~:text=The%20report%20shares%20that%2057,in%20the%20present%20competitive%20landscape." rel="noreferrer noopener" target="_blank">Report</a>&nbsp;has shown that around 57% of Africa’s entire population has no access to formal banking services. Most of this unbanked population is situated in rural communities where livelihood is generally low. As a result, a substantial number of people on the continent are excluded from financial services such as loans and other value-added services.</p>



<p id="3fbf">Another major challenge to payments in Africa is national regulations. Already, there exists a language barrier among African countries that are largely fragmented into francophone, Anglophone, and Lusophone countries. Along with the language barrier are contravening national financial policies that sometimes restrict cross-border payments to other African countries and other parts of the world.</p>



<p id="a577">This directly places restrictions on the amount that can be paid for international transactions at any given time. In the real sense, these measures are meant to reduce inflation but they also make international trade hard.</p>



<p id="9948">Inflation is yet another barrier to international payment in Africa. Most African economies frequently experience inflation, with currencies losing value periodically. This poses a problem for the purchasing power of most people who constantly lose money by holding funds in local currencies.</p>



<h2 id="0936"><strong>Crypto Payments as a Solution</strong></h2>



<p id="dd65">Cryptocurrency as a payment solution effectively solves all of the challenges explained above. With crypto payment solutions, rural dwellers and the unbanked can easily conduct transactions, make deposits in their wallets, and make and receive payments on their mobile devices. They will also avoid the stringent process involved in opening a local bank account.</p>



<p id="ef75">Crypto payment solution also offers a fast means of completing transactions for African businesses. Businesses are no longer restricted by transaction limits and they can seamlessly transact with partners within and outside Africa.</p>



<p id="2187">As regards inflation, cryptocurrency offers a way for businesses and individuals to beat the rapid rate of inflation on the continent. Businesses can easily store funds in stablecoins and transact with them whenever there is the need for such.</p>



<h2 id="9631"><strong>IvoryPay is the Payment Solution for Businesses</strong></h2>



<p id="ab5f">Businesses in Africa and in other developing countries can now deploy Ivorypay as a payment solution. Ivorypay offers businesses the opportunity to receive payments in stable cryptocurrencies. Aside from receiving payments in crypto, businesses also have a place to store their funds to avoid inflation. They could also transact with partners both within and outside Africa by sending funds to them from within their business dashboards.</p>



<p id="844a">Ivorypay also offers businesses the advantage of staking their cryptos to earn more over a set period. Lastly, businesses can also obtain DeFi loans right within their dashboards. Ivorypay also offers businesses the opportunity to use its storefront to promote their business to a wider audience network.</p>



<p id="1a1a">To learn about IvoryPay’s offers, you can check out our website at&nbsp;<a href="http://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">www.ivorypay.io</a></p>



<h3 id="2c88"><strong>Conclusion</strong></h3>



<p id="92ae">Now is the time for Africa to adopt crypto payment solutions. The benefits are enormous for businesses and individuals alike. This is especially true for the younger generation who are tech-inclined and are fast adopting cryptocurrencies as a hedge against failing national currencies.</p>


Cryptocurrency as a payment solution effectively solves most of the payment challenges that Africa currently face.

<strong>Why Africa Should Adopt Crypto Payment Solutions</strong>


<p id="0cde">In the league of crypto payment gateways, Ivorypay stands out among its peers, offering your business an edge over competitors while giving your customers maximum satisfaction through a seamless payment process.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*unz2ZUmcaYTWRD6deV-MWg.jpeg" alt="why-your-business-needs-ivorypay"/></figure>



<h3 id="65e7"><strong>TL;DR</strong></h3>



<ul>
<li>Ivorypay offers businesses the opportunity to receive payments within seconds across multiple platforms</li>



<li>All businesses on Ivorypay can track sales and stake their crypto for more returns</li>



<li>All verified businesses within the ecosystem are eligible for DeFi loans</li>
</ul>



<h2 id="e1c4"><strong>Faster Transaction Completion</strong></h2>



<p id="b9ac">All Ivorypay partner platforms are bound to enjoy the smoothest possible transaction completion on the blockchain. It only takes a few seconds for a transaction to be completed with Ivorypay. This helps save your customers precious time and enables them to have the most seamless crypto payment experience.</p>



<h2 id="5df0"><strong>Multi-Platform Integration</strong></h2>



<p id="7f33">Receiving payments with the Ivorypay payment gateway is mono-dimensional. In fact, you can decide to integrate our payment gateway directly into your business website through payment gateway, checkout, or payment button. Additionally, you can simply generate QR codes from your Ivorypay dashboard and send out a payment link to your customer either on mobile or via any online means, and still get paid instantly.</p>



<p id="4358">Whichever option is convenient for your business, we are here to help you all the way. This multi-dimensional platform option is what makes IvoryPay ideal for all kinds of businesses.</p>



<h2 id="4d74"><strong>Sales Tracking</strong></h2>



<p id="c6e3">As long as you have Ivorypay installed into your web API, you can rest assured that all sales records will be tracked accordingly. Also, businesses that deploy the Ivorypay storefront will be able to track all sales.</p>



<p id="98bd">This will help you understand which products are seeing the highest purchases, thus you can make informed business decisions right from the look of your performance in the dashboard.</p>



<h2 id="052c"><strong>Staking Option</strong></h2>



<p id="93f8">There is also the option to stake on Ivorypay. This yield-bearing investment opportunity makes it possible for partner platforms to deposit a portion of their revenue in our chosen staking pool either in stablecoins (USDT or USDC) or in Ivorypay’s native token — IVRY.</p>



<h2 id="98a8"><strong>DeFi Loan</strong></h2>



<p id="84cb">This feature is not yet available. But upon availability, all fully registered businesses will be able to obtain DeFi loans on Ivorypay. These loans are typically reviewed and approved within minutes. However, the amount obtainable is strictly based on business performance and accumulated monthly revenue.</p>



<h3 id="ab1e"><strong>Conclusion</strong></h3>



<p id="e3ab">Several opportunities abound for businesses that have chosen Ivorypay as their crypto payment gateway. Although these are the options available at the moment, more are bound to emerge over time.</p>


Ivorypay offers your business an edge over competitors while giving your customers maximum satisfaction through a seamless payment process.

5 Reasons Why Your Business Should Deploy Ivorypay


<p id="30c1">The proof of stake consensus mechanism is considered a better alternative to the proof of work mechanism due to its energy efficiency and environmental friendliness, thus, several blockchains now adopt it as their preferred means of reaching consensus.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*4XfckkvnTNNRsSh3MuCIpA.jpeg" alt="proof-of-stake-consensus-mechanism"/></figure>



<h3 id="bf0e"><strong>TL;DR</strong></h3>



<ul>
<li>Proof of stake requires users to stake a set number of coins to become validators on a blockchain</li>



<li>Proof of stake consumes less energy, therefore, it is considered to be more efficient</li>



<li>Ethereum, the largest DeFi blockchain, recently made the switch to proof of stake</li>
</ul>



<h2 id="0c2c"><strong>What is Proof of Stake?</strong></h2>



<p id="4788">The proof of stake is a blockchain consensus mechanism where users can become network validators by staking a set number of tokens as described by a blockchain. Upon staking, the user becomes a validator and is granted the ability to verify transactions and add new blocks to the blockchain network.</p>



<p id="eb2d">Despite the relative ease of becoming a validator, getting assigned the task to validate transactions and add new blocks is harder for small participants. This is because the chances of getting selected for this process are largely determined by the percentage of stake that a validator holds in the staking pool. For example, if a validator’s stake only accounts for 0.002% of the overall stake on a network, the chances of getting selected are no more than 0.002%.</p>



<p id="289b">For this reason, it is quite common for smallholders to form a pool to increase their chances. The pool then splits network rewards based on the percentage that each validator contributes. It is also a given that the pool takes a percentage of the total reward.</p>



<h2 id="5b42"><strong>Energy Efficiency</strong></h2>



<p id="f262">Compared to the&nbsp;<a href="https://www.investopedia.com/terms/p/proof-work.asp" rel="noreferrer noopener" target="_blank">proof of work</a>&nbsp;consensus mechanism, proof of stake is largely considered to be energy efficient. The proof of work consensus mechanism typically requires miners to install large mining equipment that consumes huge energy, thus putting pressure on energy resources which impacts the environment.</p>



<p id="f2d3">Proof of stake on the other hand only requires validators to run node applications on their devices. They effectively become validating nodes by staking coins and validating transactions and adding new blocks when necessary.</p>



<h2 id="c165"><strong>Ethereum Proof of Stake</strong></h2>



<p id="2383">Ethereum is the first blockchain to enable DeFi and still maintains its position as the largest DeFi blockchain today. However, the network only recently made the switch to proof of stake following years of preparation. The switch&nbsp;<a href="https://ethereum.org/en/upgrades/merge/" rel="noreferrer noopener" target="_blank">The Merge</a>&nbsp;finally took place in September 2022.</p>



<p id="1e8b">By making the switch, the largest DeFi blockchain is now eco-friendly, thus, creating an added incentive for institutional adoption on a global scale.</p>



<h3 id="9d06"><strong>Conclusion</strong></h3>



<p id="332c">Proof of stake is the most widely adopted consensus mechanism among blockchains. This is especially interesting because anyone can become a participant while operating in an environmentally-friendly manner.</p>


The proof of stake is a blockchain consensus mechanism where users can become network validators by staking a set number of tokens as described by a blockchain.

<strong>What is Proof of Stake in Blockchain?</strong>


<p id="db01">Forgot your Ivorypay business password? There is no need to panic. All you have to do is reset your password and follow the instruction prompts and you will be back in your dashboard in no time.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*V7bXNTFAYZLDuue4-ZxXVg.jpeg" alt="how-to-reset-your-ivorypay-password"/></figure>



<h3 id="431e"><strong>TL;DR</strong></h3>



<ul>
<li>Forgetting your login password does not lead to the loss of your business account on Ivorypay</li>



<li>You simply need to follow the instruction laid out on your screen and have your account back in no time</li>
</ul>



<h2 id="a4db"><strong>Restoring Your Ivorypay Account</strong></h2>



<p id="5708">If you have forgotten your password, simply go to the login page and click on “forgot password”</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*CstvwvE0CON-bFTmOK_wAA.png" alt="ivorypay-login-page"/></figure>



<p id="4b70">On the next page, you will be required to input your email address. Then, click the “reset password” button. You will get an instant notification telling you to check your email address.</p>



<p id="5fe4">Next, you should get a mail in your inbox in the manner seen in the image below;</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*ONUEqtWeYVofANoIu650lg.png" alt="password-reset-email-notification"/></figure>



<p id="c503">Simply click the “Reset Password” button.</p>



<p id="40af">Finally, you will be redirected to a page where you can create a new password.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*K_bQtE4S0djVpafi1lZIXA.png" alt="reset-password-page"/></figure>



<p id="502b">You can then create your new password and click the “submit” button.</p>



<p id="4cc6">Following the creation of your new password, all you have to do is to log in with your email and the new password, and you will be taken directly to your Ivorypay dashboard.</p>


Forgot your Ivorypay business password? There is no need to panic. All you have to do is reset your password and follow the instruction prompts.

What to do if you forget your Ivorypay Password


<p id="6013">If you are familiar with NFT collections such as Bored Apes and CryptoPunks, then you have seen firsthand how generative art could be used to great effect in the NFT space. Though these days, the art is merely the beginning of a long community effort toward practical use cases.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*eb7iav1XNIEaaH__YnaBpA.jpeg" alt=""/></figure>



<h3 id="5561"><strong>TL;DR</strong></h3>



<ul>
<li>Generative art is a form of digital art that is created with the help of a computer algorithm</li>



<li>There are several NFT collections out there that have successfully taken off through art created in this manner</li>



<li>The success of generative art does not end with the primary sale. Community and utility, among other things, play key roles in sustaining their value.</li>
</ul>



<h2 id="9450"><strong>What is Generative Art?</strong></h2>



<p id="2a48">Generative art is digital art that is created through the use of computer codes or artificial intelligence software which generates diverse artworks that have a similar origin but are different based on their patterns and appearance.</p>



<p id="ae1f">Usually, the artist is required to create a description of what the is should be. This could be in the form of colors, drawings, or certain backgrounds. The algorithm then improvises to generate different results by combining all of the instruments at its disposal.</p>



<p id="d622">The end result is usually a collection of art that is distinguished by its unique attributes, appearance, and rarities, thus creating a set of valuable digital art that can be sold as NFTs on the blockchain.</p>



<h2 id="1e7a"><strong>Popular Generative Art</strong></h2>



<p id="6135">You need not go too far before you discover that some of the most important NFTs around are actually made as generative art. In fact, NFT collections are created in this manner. When you think of generative art, some of the first to come to your mind should include&nbsp;<a href="https://boredapeyachtclub.com/" rel="noreferrer noopener" target="_blank">Bored Apes Yacht Club</a>,&nbsp;<a href="https://www.larvalabs.com/cryptopunks" rel="noreferrer noopener" target="_blank">CryptoPunks</a>,&nbsp;<a href="https://meebits.app/" rel="noreferrer noopener" target="_blank">Meebits</a>,&nbsp;<a href="https://www.azuki.com/" rel="noreferrer noopener" target="_blank">Azuki</a>, and&nbsp;<a href="https://opensea.io/collection/mutant-ape-yacht-club" rel="noreferrer noopener" target="_blank">Mutant Apes</a>, among others.</p>



<p id="dd49">Generative art has risen in adoption because it provides an easy way to easily create massive digital art at once. This helps create a community that is bound by the common knowledge that each member owns a different version of the same NFT.</p>



<h2 id="0e38"><strong>Primary Sale is only the Beginning</strong></h2>



<p id="3ef7">NFT collections are merely tools for creating a community around an NFT project. This sense of community begins from the moment the NFT launches in a marketplace. Collectors are bound to join project communities and follow them across social platforms.</p>



<p id="4d83">In this light, it is important that the project thinks beyond the sale of NFTs alone, and looks into how holders could derive utility with their NFTs. This is the bedrock of any successful NFT project.</p>



<h3 id="acb1"><strong>Bottom Line</strong></h3>



<p id="e826">As part of the evolution of the digital art landscape, generative art has created an avenue for the mass production of artworks that are helping to create a sense of community among like-minds, and utility for digital art collectors.</p>


If you are familiar with NFT collections such as Bored Apes and CryptoPunks, then you are already familiar with what generative is like.

<strong>What is Generative Art?</strong>


<p id="ba8f">There is a sense in the view that the current crypto market crash has played a key role in resetting the NFT landscape. At the moment, NFT adoption is no longer driven by the purchase of ‘images of digital apes’. It is now driven by new innovative use cases that directly correlate to events and solutions in the real world.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*3fC5h9jAjW_Oi5c-oScPKA.png" alt="nft use cases"/></figure>



<h3 id="cd97"><strong>TL;DR</strong></h3>



<ul>
<li>Real-world use cases have become the major driving force for the adoption of NFTs since the beginning of the ongoing crypto market crash</li>



<li>NFTs have found use cases in gaming, music, art, real estate, and even finance.</li>



<li>There is a general conception that NFT use cases will continue to grow as more sectors discover innovative ways to deploy them</li>
</ul>



<h2 id="4942"><strong>Use Cases are Driving Adoption</strong></h2>



<p id="5e1e">Although NFTs had been around since 2017, they did not break onto the scene until February 2021 when Beeple made the round for trading his NFT for $69 million. When you look back to that moment today, you can rightly point to it as the single most defining moment in the history of digital art.</p>



<p id="73ac">Several other projects, generative art, one-of-one, and more have since been sold at exorbitant prices. Then came the crypto market crash of 2022 and all of a sudden, the cash started to dry out of NFT sales with some even labeling them as worthless images of digital monkeys.</p>



<p id="a23b">This, in some way, has led to the rethinking of what NFTs are and how they could be deployed for other meaningful use cases. Today, NFT adoption is growing at a pace than ever recorded and their adoption is largely fueled by innovative use cases that are continually developed across sectors.</p>



<h2 id="eca5"><strong>Use Cases of NFTs</strong></h2>



<p id="4b6f">The adoption is NFTs is fast growing across industries. Below are some of the innovative ways that NFTs are being used across the board.</p>



<h2 id="db79"><strong>Art Collection</strong></h2>



<p id="d25d">Art collection, ownership verification, and authenticity are some of the early use cases of non-fungible tokens. NFTs are used as a way to represent physical art that is worth millions of dollars. Through NFT issuance, a collector is given a digital representation of their artwork which signifies their ownership of the art. Also, the value of such art is tied to the value of the NFT, and all transactional data regarding the art is stored on the blockchain.</p>



<p id="228f">If or when a collector wishes to sell off the artwork, they also automatically transfer the NFT to the new collector.</p>



<h2 id="a2ae"><strong>Gaming</strong></h2>



<p id="ff03">All thanks to the introduction of NFTs, gaming has now become a vital source of passive income for many players who engage in the play-to-earn economy.</p>



<p id="4d8d">In-game digital assets such as skins, avatars, weapons, tools, and even virtual lands can now be traded on designated marketplaces in the form of NFTs, thus creating a new decentralized economy in a space that used to be centralized.</p>



<h2 id="d09e"><strong>Music</strong></h2>



<p id="1d6c">With NFT, music is no longer an artist’s affair as they can now build communities and sell their songs as NFTs while receiving reviews and quality feedback from collectors. Royalty sharing, exclusive events, and other perks have been made possible through the introduction of NFTs to music.</p>



<h2 id="c32f"><strong>Real Estate</strong></h2>



<p id="d4ed">NFTs have helped bring liquidity to the real estate industry. First, ownership of real estate properties can now be claimed on the blockchain through NFTs. Second, real estate investment is no longer a space for the rich alone. Through the introduction of fractional NFTs, all categories of investors can simply acquire an NFT whose value corresponds to their investment capabilities. Thus, creating equal opportunity for all to invest while making real estate more liquid.</p>



<h2 id="f065"><strong>Finance</strong></h2>



<p id="b516">There are designated platforms that now allow borrowers to acquire loans by depositing their valued NFTs. The NFT is then placed in the custody of the platform pending payment. In the case of a loan default, the NFT is automatically transferred to the lender as repayment of debt.</p>



<p id="58e3">There are also considerations among traditional finance heavyweights such as&nbsp;<a href="https://www.euronews.com/next/2022/02/16/jp-morgan-becomes-the-first-bank-to-open-in-the-metaverse-where-you-can-shop-with-crypto-a" rel="noreferrer noopener" target="_blank">JP Morgan</a>&nbsp;on how NFTs could be used to offer financial solutions to customers in the near future.</p>



<h3 id="8d44"><strong>Conclusion</strong></h3>



<p id="9309">Sectors such as supply chain, land administration, and identity management are also exploring how to better use NFTs to create efficient processes. These innovative uses are expected to further contribute to the adoption of NFTs into the future.</p>


NFT adoption is now driven by new innovative use cases that directly correlate to events and solutions in the real world.

<strong>Top 5 Use Cases of NFTs</strong>


<p id="8ac6">All Ivorypay partner platforms and creators are expected to complete a mandatory Know-Your-Customer procedure in order to fully unlock the product suite offered within the Ivorypay ecosystem.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*SRL7DoA14GwzIItTigazHg.jpeg" alt="ivorypay-kyc-for-businesses"/></figure>



<h3 id="330d"><strong>TL;DR</strong></h3>



<ul>
<li>All businesses deploying Ivorypay are required to complete a mandatory KYC process</li>



<li>Business-related information are some of the details that are required in the first step of the process.</li>



<li>Businesses will also need supporting documents to confirm their authenticity</li>
</ul>



<h2 id="2e78"><strong>KYC Stages on Ivorypay</strong></h2>



<p id="9fa2">Creating a business account is quite straightforward on Ivorypay. Once you complete the required fields on the sign-up page, a dashboard is automatically created for you to manage your business. However, enjoying the full suite of products and services on Ivorypay requires that you complete the KYC procedure. This is to confirm the authenticity of your business.</p>



<p id="85b9">There are three major stages that you are required to complete in order to complete your KYC on Ivorypay. The stages are explained below;</p>



<p id="cc51"><strong>Stage 1: Profile</strong></p>



<p id="e6f5">At this level, you are required to provide more basic information about your business. You will be required to supply information such as your official business name, business website address, industry, and the number of staff in your organization.</p>



<p id="4b21"><strong>Stage 2: Contact</strong></p>



<p id="be91">Having supplied the details at the first stage, you will be taken to the next stage where business contact details are to be provided. Information such as the physical location of your business, your official registration address, and proof of business registration are to be provided.</p>



<p id="c84a"><strong>Stage 3: Documents</strong></p>



<p id="1000">As proof of authenticity, you will need t supply all the official supporting documents that confirm your business registration with the appropriate authorities in your country. This helps us stay compliant with national laws and domestic regulations.</p>



<p id="0e09">You do not necessarily need to complete the entire process all at once. So you can always go back and supply the information when you have it. Upon completion, you will be shown a screen that confirms the completion of your KYC pending approval.</p>


All partner platforms are expected to complete a mandatory KYCustomer procedure to fully unlock the product suite offered within the Ivorypay ecosystem.

How to Complete KYC for your Business on Ivorypay


<p id="ce39">For all the applause and accolades that have trailed NFTs as unique digital assets that represent something rare and valuable, it is surprising that not much has been said about the safety of this class of digital assets.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*luimlhIU9oh01YhQKiyQgw.jpeg" alt="are-nfts-safe-to-buy"/></figure>



<p id="395e">NFTs can sometimes command huge fees. We have seen this already with collections like the Bored Apes and CryptoPunks. To this effect, it is important that we discuss the vulnerabilities of NFTs and how safe they could be.</p>



<h3 id="150c"><strong>TL;DR</strong></h3>



<ul>
<li>Keeping an NFT safe is largely dependent on the security of the issuing project</li>



<li>NFT marketplaces also have some roles to play in safeguarding NFTs.</li>



<li>The smart contract of an NFT could also be compromised.</li>
</ul>



<h2 id="f995"><strong>The Role of the Issuing Project</strong></h2>



<p id="87df">We typically know NFTs to exist in multiple formats, such as images, audio files, and videos. But when a collector acquires an NFT, what they really purchase is not the NFT itself but the unique identifier that is attached to the NFT.</p>



<p id="2bae">It is impossible to store images on the blockchain, so unique identifiers in the manner of web addresses are linked to the NFT. Therefore, when a user clicks on the NFT, they are redirected to the location of the NFT itself. This unique identifier is what is stored on the blockchain.</p>



<p id="300a">An NFT project comes into the equation as the real holder of the NFT file. NFT projects store NFTs via Inter-Planetary File Systems that they hold. Therefore, it is important that they secure these files at all times as a breach could result in the loss of valuable user assets.</p>



<p id="1d05">In other words, your NFT is as secure as the NFT project, and if for any reason the project goes out of existence, so will your NFTs.</p>



<h2 id="ffcb"><strong>NFT Marketplace Security</strong></h2>



<p id="77e8">For all the campaigns about decentralization, centralized platforms like&nbsp;<a href="https://opensea.io/" rel="noreferrer noopener" target="_blank">Opensea</a>&nbsp;and&nbsp;<a href="https://rarible.com/rari" rel="noreferrer noopener" target="_blank">Rarible</a>&nbsp;are still popular marketplaces for users looking to acquire premium digital art. The most important point here is that NFT marketplaces hold the private keys to all digital art on their platforms, and in the event of any breach in their security, hackers can successfully cart away with several NFTs.</p>



<p id="07a4">In fact, there have been reports of NFT marketplace hacks in the past, with&nbsp;<a href="https://cointelegraph.com/news/here-s-how-opensea-nft-hacks-hurt-owners-buyers-and-even-entire-collections" rel="noreferrer noopener" target="_blank">Opensea</a>&nbsp;and&nbsp;<a href="https://techcrunch.com/2021/12/21/justin-kans-nft-platform-suffers-rocky-debut-as-scammer-makes-off-with-150k-in-user-funds/" rel="noreferrer noopener" target="_blank">Grape Protocol</a>&nbsp;just two such examples.</p>



<h2 id="7470"><strong>Smart Contracts Vulnerability</strong></h2>



<p id="17a1">Hackers could also look to exploit the smart contracts of an NFT project. Most blockchain projects are built on open-source programs where the underlying codes can be viewed by anyone. This also means that hackers could seek to exploit the codes by searching for weak areas they can capitalize upon.</p>



<p id="bb14">The&nbsp;<a href="https://www.theguardian.com/technology/2022/apr/26/bored-ape-yacht-club-nft-hack-theft-art-simian-oblivion" rel="noreferrer noopener" target="_blank">Bored Ape Yacht&nbsp;</a>NFT has fallen victim to smart contract exploits in the past, where more than $3 million was lost.&nbsp;<a href="https://www.forbesindia.com/article/crypto-made-easy/popular-nft-launch-on-ethereum-loses-34-million-in-faulty-smart-contract/75675/1" rel="noreferrer noopener" target="_blank">Aku Dreams</a>, another NFT project, fell to a smart contract exploit that cost it around $34 million.&nbsp;<a href="https://arstechnica.com/information-technology/2021/12/hackers-drain-31-million-from-cryptocurrency-service-monox-finance/" rel="noreferrer noopener" target="_blank">MonoX Finance</a>&nbsp;is yet another NFT project that reported lost $31 million to smart contract vulnerabilities.</p>



<h3 id="2e4f"><strong>Bottom Line</strong></h3>



<p id="c3c7">There is little a collector can do to prevent the loss of their NFT. Securing NFTs mostly rests on the shoulders of the platform issuing the collection, while NFT marketplaces must also do their bit to ensure the security of their platforms. Conclusively, the safety of an NFT is as good as the security measures put in place by the NFT project and the NFT marketplace.</p>


NFTs can sometimes command huge fees. To this effect, it is important that we discuss the vulnerabilities of NFTs and how safe they could be.

<strong>Are NFTs Safe to Buy?</strong>


<p id="a1d2">Ivorypay partner platforms will do much more than process transactions and receive funds. They will be able to utilize other value-added services such as staking and DeFi loans for their businesses.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*rT8VO0PanRx-vMKW-efW6w.jpeg" alt="more-features-for-businesses-on-ivorypay"/></figure>



<p id="3978"><strong>TL;DR</strong></p>



<ul>
<li>IvoryPay will introduce various value-added services to partners besides the regular payment gateway options that they already have.</li>



<li>Partners will be able to stake on the platform using IVRY token or stablecoins</li>



<li>Partners will be able to obtain DeFi loans based on existing metrics about their business performance</li>
</ul>



<h2 id="5ec1"><strong>Staking and Emergency Withdrawals</strong></h2>



<p id="ed89">We would not dwell too much on the staking features for partners as we have already covered this in one of our previous posts. You can read up on that at the link&nbsp;<a href="https://medium.com/@ivorypay/idle-tokens-stake-it-on-ivorypay-84e9d0ccc858?source=user_profile---------22----------------------------">here</a>. As part of the staking mechanism, businesses will be able to stake using stablecoins (USDC, USDT, or DAI), or using IvoryPay’s native token, IVRY.</p>



<p id="76f6">Usually, businesses that are registered on IvoryPay are not just integrated into its payment ecosystem. They are also given an all-encompassing ecosystem where they can easily track their business-related metrics such as revenue, goods sold, number of orders, and more. As part of this arrangement, businesses can make withdrawals from their total revenues whenever they wish to.</p>



<h2 id="1d67"><strong>DeFi Loans for Partner Platforms</strong></h2>



<p id="23d2">As part of the overall scheme to help partners grow their business, IvoryPay will also enable them to obtain DeFi loans. As long as a business has completed its mandatory KYC on the platform, it will be eligible to obtain a loan on IvoryPay.</p>



<p id="d84c">However, the amount obtainable as a loan by a business is estimated based on its business performance and revenue generated over a certain period. Therefore, the higher the revenue, the higher the amount obtainable through IvoryPay’s DeFi loan service.</p>



<p id="941b">The status of all loans on IvoryPay is typically confirmed within minutes of request.</p>



<h3 id="b551"><strong>Conclusion</strong></h3>



<p id="0572">Ivorypay is on a mission to help bridge the gap between businesses in emerging markets and those in developed economies. The introduction of these additional features is aimed at helping partner businesses scale while also granting them the means to conduct transactions with consumers anywhere in the world.</p>


Ivorypay partner platforms will be able to utilize other value-added services such as staking and DeFi loans for their businesses.

<strong>Additional Features are Coming to IvoryPay!</strong>


<p id="38d6">A crypto wallet functions like a regular physical wallet that helps us hold cash and cards. A crypto wallet holds a user’s digital assets by protecting the private keys and providing the public keys needed to receive cryptocurrency from a third party.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*pUuoyqsV4Mr8L42zHNRFBQ.png" alt=""/></figure>



<p id="8403"><strong>TL;DR</strong></p>



<ul>
<li>A crypto wallet is a software program that helps to hold a user’s digital assets and safely store them on the blockchain</li>



<li>A crypto wallet helps store a user’s private keys, which secure the wallet while providing public keys for receiving cryptocurrencies</li>



<li>There are different types of crypto wallets that users can use to store their digital assets.</li>
</ul>



<h2 id="cc1d"><strong>Storing and Securing Digital Assets</strong></h2>



<p id="721a">This is regarded as the most important function of a crypto wallet. Like the physical wallet that helps store your money and debit/credit card, a crypto wallet helps you store your digital assets, be it cryptocurrencies or non-fungible tokens.</p>



<p id="72d0">Crypto wallets operate by providing two access points to a user. The first is the&nbsp;<a href="https://www.techtarget.com/searchsecurity/definition/public-key" rel="noreferrer noopener" target="_blank">public keys</a>&nbsp;and the second is the&nbsp;<a href="https://www.techtarget.com/searchsecurity/definition/private-key#:~:text=A%20private%20key%2C%20also%20known,authorized%20to%20decrypt%20the%20data." rel="noreferrer noopener" target="_blank">private keys.</a>&nbsp;The public keys are used to receive digital assets from other users. These public keys are what are known as wallet addresses and they are generated for individual tokens that the wallet supports.</p>



<p id="d0a0">The private key serves as a means to safeguard the digital assets that are contained in a crypto wallet. Essentially, the private key should only be known to the wallet owner. If a third party has access to the private keys by any means, they will be able to access the wallet and move funds without restrictions.</p>



<p id="f39f">Overall, the crypto wallet provides a single user interface where a user can store all of their digital assets, conduct transactions, and interact with the blockchain.</p>



<h2 id="7752"><strong>Types of Crypto Wallets</strong></h2>



<p id="490e">Storing digital assets in a crypto wallet can be done through different options. A user only needs to define what they want to make a decision on the most appropriate way to store and secure their digital assets. There are two categories of crypto wallets, namely, hot wallets and cold wallets.</p>



<p id="1ccd"><a href="https://medium.com/@ivorypay/what-is-a-hot-wallet-66fed1a8887e?source=user_profile---------15----------------------------">Hot wallets</a>&nbsp;are crypto wallets that are accessible online. These wallets are always online, and they can be provided by centralized exchanges or accessed as browser extensions. However, a hot wallet provided by an exchange does not always come with private keys. The exchange holds private keys for all users. However, a browser extension hot wallet grants a user full custody of their wallet.</p>



<p id="3ff9">Cold wallets are crypto wallets that help users store their digital assets offline. Examples include hardware wallets and paper wallets. Cold wallets are considered more secure as they are less prone to cyber hacks.</p>



<h3 id="5da0"><strong>Conclusion</strong></h3>



<p id="ef18">Crypto wallets play a vital role in making blockchain technology accessible to many people today. The ease of use and the ability to operate without technical foreknowledge makes them essential to the rapid adoption of cryptocurrencies on a global scale.</p>


A crypto wallet holds a user’s digital assets by protecting the private keys and providing the public keys needed to receive cryptocurrency from a third party.

<strong>What is a Crypto Wallet? How Does it Work?</strong>


<p id="5943">Ivorypay provides crypto payment gateways as a business solution, thus enabling partner platforms to easily accept payments in cryptocurrency. At withdrawal, businesses get to choose the payment method that they consider to be the most convenient for them.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*S_3XIMyuEWHdiIJm0SzyEw.jpeg" alt="ivorypay-supports-different-withdrawal-options"/></figure>



<h3 id="e462"><strong>TL;DR</strong></h3>



<ul>
<li>Ivorypay partner platforms can seamlessly integrate and accept crypto payments using Ivorypay’s payment gateway</li>



<li>Partner platforms can also choose the withdrawal method they consider to be the most convenient for their businesses</li>



<li>Withdrawals and confirmation are usually completed within seconds of transaction initiation</li>
</ul>



<h2 id="efed"><strong>Withdrawal Options for Businesses</strong></h2>



<p id="4c0d">As a partner platform on <a rel="noreferrer noopener" href="https://www.ivorypay.io/" target="_blank">Ivorypay</a>, you are bound to own and have access to a business dashboard where you can easily keep track of all transactions on your account. Visibly, you will be able to track payment acceptance-related metrics such as the number of transactions completed, items purchased, payment links, and other things.</p>



<p id="8eb9">Also, the total amount you have in your Ivorypay dashboard will be displayed in two denominations. The first is the crypto equivalent, which will be displayed in your preferred stablecoins (USDC, USDT, or DAI), and the second will show your funds in your local currency.</p>



<p id="df06">When your business wishes to withdraw funds, you will have the luxury of picking the most convenient means of withdrawal, which will either be to your local bank account (which must have been linked to your Ivorypay dashboard) or to your crypto wallet.</p>



<p id="3ffc">Ivorypay has provided businesses with these two options, knowing fully well that the demands for each business differ, just as their mode of operations. Therefore, businesses can pick a withdrawal option that meets their immediate needs.</p>



<h2 id="3fd9"><strong>Fast Withdrawal Confirmation</strong></h2>



<p id="4b6d">Barring any unforeseen issues, all partners will be able to confirm their withdrawals within seconds of initiation. Once a partner initiates a withdrawal process, the IvoryPay payment gateway automatically processes the payment using the details already provided by the business.</p>



<p id="3c64">Blockchain payments typically take seconds to confirm, while withdrawals to a local bank are processed pending the approval of the bank. Be sure to confirm with your local bank in the event of a late confirmation.</p>



<h3 id="097e"><strong>Conclusion</strong></h3>



<p id="1208">Financial freedom is the bedrock upon which the foundation of Ivorypay is laid, and it is on this basis that we continually integrate solutions that make it easy for all partners to conduct their businesses.</p>


Ivorypay partner platforms get to choose the payment method that they consider to be the most convenient for them, including fiat.

For Businesses: Can I Withdraw Fiat on Ivorypay?


<p id="fc15">NFT came onto the scene in 2021 and has become a niche within cryptocurrency ever since. Today, these digital collectibles are finding increasing use cases across several industries and sectors. But where are NFTs sold and where can you buy them if you want to own one from your favourite collection?</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*fqkqcrd5ehAAZ9yCN0abJA.png" alt=""/></figure>



<h3 id="0d70"><strong>TL;DR</strong></h3>



<ul>
<li>NFT marketplaces are platforms dedicated to facilitating NFTs</li>



<li>Most of the time, these marketplaces are blockchain-specific</li>



<li>Different NFT projects can list their art and collections on an NFT marketplace</li>
</ul>



<h2 id="5355"><strong>What is an NFT Marketplace?</strong></h2>



<p id="4026">An NFT marketplace is an online platform that facilitates the buying and selling of NFTs. These platforms serve as a place where collectors and creators can conduct trades, exchanging payments for digital art. Usually, these online platforms make it possible for collectors to acquire artwork by paying in cryptocurrency. Some NFT marketplaces also integrate debit/credit card options for collectors to make payments.</p>



<p id="3865">On an NFT marketplace, collectors have access to several art projects that are listed on the platform. They can easily check out the project details such as project team, floor price, highest selling art, traits, and related information.</p>



<p id="c193">It is also possible for collectors to view a collection’s market performance in terms of trade volume, the number of transactions, and the number of holders. All of these information makes it possible for a collector to evaluate a project and make an informed decision about collecting such art.</p>



<h2 id="9494"><strong>Marketplaces are Blockchain-Specific</strong></h2>



<p id="e455">Most NFT marketplaces that exist at the moment are blockchain-centric. This means that they operate on, and serve as marketplaces for specific blockchains. This, in large part, could be due to the lack of an inherent interoperability among blockchains.</p>



<p id="f553">For example, on the Ethereum blockchain, there is&nbsp;<a href="http://opensea.io/" rel="noreferrer noopener" target="_blank">Opensea</a>&nbsp;(which is by far the biggest NFT marketplace on any blockchain),&nbsp;<a href="https://rarible.com/" rel="noreferrer noopener" target="_blank">Rarible</a>,&nbsp;<a href="https://superrare.com/" rel="noreferrer noopener" target="_blank">SuperRare</a>, and others. On the Solala blockchain there is&nbsp;<a href="https://solsea.io/" rel="noreferrer noopener" target="_blank">Solsea</a>, and&nbsp;<a href="https://solanart.io/" rel="noreferrer noopener" target="_blank">Solanart</a>, among others, while there is&nbsp;<a href="https://www.jpg.store/" rel="noreferrer noopener" target="_blank">JPG Store</a>, and&nbsp;<a href="https://cnft.io/" rel="noreferrer noopener" target="_blank">CNFT</a>&nbsp;on the Cardano network.</p>



<h3 id="cba3"><strong>Conclusion</strong></h3>



<p id="b032">NFT marketplaces are central to how the NFT ecosystem functions. They help create a melting point where collectors and creators can reach an agreement. and exchange values. They will continue to be relevant as the NFT space continues to grow.</p>


An NFT marketplace is an online platform that facilitates the buying and selling of NFTs.

What is an NFT Marketplace?


<p id="a132">The <a rel="noreferrer noopener" href="https://www.ivorypay.io/" target="_blank">Ivorypay ecosystem</a> is much more than just a crypto payment processing infrastructure. It also includes an online digital storefront for businesses. The ecosystem also include an NFT storefront where digital artists and creators can easily showcase their non-fungible tokens to a global collector base.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*ghv4aGMyHVP4ewWWlyt9vQ.jpeg" alt="ivorypay-payment-gateway-nft-storefront"/></figure>



<h3 id="0129"><strong>TL;DR</strong></h3>



<ul>
<li>Ivorypay is a robust online infrastructure for businesses and creators</li>



<li>The ecosystem provides businesses with payment gateways to easily receive crypto payments from customers</li>



<li>Creators can use the Ivorypay NFT storefront to mint digital art and showcase their art to a global pool of collectors</li>



<li>Ivorypay also offers services such as financial loans and staking options for businesses</li>
</ul>



<h2 id="9a73"><strong>The Ivorypay Ecosystem</strong></h2>



<p id="b47d">Ivorypay’s ecosystem is broadly made up of two core products, which are the Ivorypay payment gateway and the Ivorypay NFT Storefront. The payment gateway offers businesses a series of payment options with which they can easily accept payment from their customers. All business types, ranging from small and medium scale to large corporations, can easily deploy and use Ivorypay’s payment gateway.</p>



<p id="ae5a">IvoryPay’s NFT Storefront creates an outlet for digital artists to showcase their unique works. On IvoryPay’s NFT storefront, creators have access to their individual storefronts where they can display their works. Creators also have the option to customize their storefronts to properly reflect their brands and their values. Creators will also be able to freely mint NFTs and accept payment for their assets in stablecoins with the help of IvoryPay’s payment gateway.</p>



<h2 id="790b"><strong>Other Financial Services</strong></h2>



<p id="4a7c">Aside from the two core products that Ivorypay offers, partner businesses can also benefit from other services that the platform offers. Specifically, businesses will be able to obtain DeFi loans from within their dashboard. The advantage here is that Ivorypay helps them eliminate the need to go through the tedious process involved in getting a loan from a traditional financial institution, as loans are generally approved within minutes. Nevertheless, the amount obtainable will be determined based on established metrics and business performance.</p>



<p id="64ad">There is also the benefit of staking for rewards on Ivorypay. Both businesses and creators using Ivorypay have the opportunity to increase their earnings through staking. They can do this by committing a portion of their revenues to a dedicated staking pool. Staking on Ivorypay can be done using stablecoins or the IVRY token.</p>



<p id="9c0f">Ivorypay plans to further increase its value-added services to partners and token holders over time, but for now, the staking pool is open to all business partners and IVRY token holders.</p>



<h3 id="c5b1"><strong>Conclusion</strong></h3>



<p id="f26f">The Ivorypay ecosystem is not just a crypto payment gateway, it is an elaborate system that offers services to businesses and digital art creators while providing an opportunity for all token holders and partners to increase their earnings.</p>


The Ivorypay ecosystem is much more than just a crypto payment processing infrastructure.

Is Ivorypay just a Payment Gateway?


<p id="525e">NFTs are part of the trending use cases of blockchain technology. They are revered due to their ability to represent something unique and rare. NFTs also having the ability to represent multiple use cases. For collectors, the reason for collecting a digital work of art can vary from one person to another.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*_YyV8Fq8Nh3INOFUIvzqHg.png" alt="why-do-people-buy-nft"/></figure>



<h3 id="0302"><strong>TL;DR</strong></h3>



<ul>
<li>Appreciating and supporting an artist ranks as one of the reasons people buy NFTs</li>



<li>Buying digital art could also be a form of investment</li>



<li>For some people, it is a way of staying trendy and in vogue with the latest developments</li>
</ul>



<h2 id="32e9"><strong>Supporting Digital Artists</strong></h2>



<p id="df38">It is possible that artists who are known to create thought-provoking digital artworks could build an online community around their works. Through an impressive narrative, an artist’s NFT could become appealing to collectors, who would then make the decision to purchase their works as a means of supporting their creativity.</p>



<p id="c774">Also, we are beginning to see a trend where NFT collections are created to support certain causes. Typical examples abound in the ongoing crisis in Ukraine, where NFTs have been created and sold to raise funds for the country. We have also seen collections created to tackle specific social issues such as eating disorders (as in the case of EyeSeeYou) and more.</p>



<p id="abc0">Collectors could decide to purchase such artworks in the hope of supporting the humanitarian agenda that led to their development in the first place.</p>



<h2 id="02c3"><strong>NFTs as Investments</strong></h2>



<p id="774d">The rapid rise in the value of generative art collections such as the Bored Ape Yacht NFT and the Crypto Punks has created awareness of how valuable NFTs could become when bought at an early stage.</p>



<p id="b5de">Collectors are now on the lookout for the next possible breakout NFT collection that they can buy at a low price and make huge returns when the collection eventually becomes popular. Recently, we have seen the rise of collections such as Meebits and Pudgy Penguins.</p>



<p id="d7cc">This hope of making huge returns is what drives some collectors to buy NFTs.</p>



<h2 id="9204"><strong>For the Trend</strong></h2>



<p id="18cb">For some collectors, the ability to have the bragging rights to owning an NFT is well enough reason to make them buy digital art. For example, BAYC collectors are seen as some of the highest-ranking collectors in the NFT space. The perk to this is that holders have exclusive access to events, shows, and merchandise that only BAYC holders can benefit from.</p>



<p id="8721">This is enough motivation for some collectors to invest in non-fungible tokens.</p>



<h3 id="00e8"><strong>What is Your Reason?</strong></h3>



<p id="cbef">There is no perfect explanation for why a collector should buy an NFT. Individual discretion and due diligence are the only things that logically explain why collectors choose certain NFTs over others.</p>



<h3 id="7da4"><strong>Conclusion</strong></h3>



<p id="b483">If you are an NFT collector, you would have to clearly define your reason for holding an NFT or else you might end up collecting art will no intended purpose. The logic is simple — know why you choose one art over another.</p>


For collectors, the reason for collecting a digital work of art can vary from one person to another.

<strong>Why do People buy NFTs?</strong>


<p id="7f61">Wallets are essential to holding assets and conducting transactions in cryptocurrency. Still, the users have to negotiate between comfort and security when choosing a wallet for storing their digital assets.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*FzY0U-a6tNz28geCGUtD3w.jpeg" alt="custodial-and-non-custodial-wallet"/></figure>



<h3 id="7194"><strong>TL;DR</strong></h3>



<ul>
<li>There are two broad categories of wallets in cryptocurrency — custodial and non-custodial wallets</li>



<li>Custodial wallets offer users comfort and ease when conducting transactions</li>



<li>A non-custodial wallet could be more secure than the custodial wallet</li>
</ul>



<h2 id="533d"><strong>Custodial Wallets</strong></h2>



<p id="fb7c">A custodial wallet simply refers to a crypto wallet whose control is not in the hands of the wallet owner. This type of wallet is commonly used by centralized crypto exchanges where users’ accounts are created with ready-made wallets. Custodial wallets come with the ease of trading; account owners need not worry about keeping their seed phrase or private keys as what they need to access their funds is their account log-in details (usually email and password).</p>



<p id="dec5">Popular exchanges like&nbsp;<a href="https://binance.com/" rel="noreferrer noopener" target="_blank">Binance</a>,&nbsp;<a href="https://www.kraken.com/" rel="noreferrer noopener" target="_blank">Kraken</a>, and&nbsp;<a href="https://www.coinbase.com/" rel="noreferrer noopener" target="_blank">Coinbase</a>&nbsp;are known to offer custodial wallets to users</p>



<p id="e537">The good thing about this type of wallet is that users can easily use them to conduct transactions on the crypto exchange. The smart contracts capabilities on the platform simply handle all the tedious processes of providing wallet addresses and allow users to concentrate on their transactions.</p>



<h2 id="4146"><strong>Non-custodial Wallets</strong></h2>



<p id="21ad">As opposed to custodial wallets, non-custodial wallets give users maximum control over their digital assets. This type of crypto wallet is not hosted on centralized exchanges and in most cases, they are often used to conduct transactions on decentralized exchanges.</p>



<p id="07b9">A non-custodial wallet could be anchored as a browser extension (like phantom and metamask) or could be a desktop wallet. For a user to use this wallet for transactions, they will have to connect it to the platform where it is to be used before they can conduct such transactions.</p>



<p id="b63d">The backlash for this type of wallet is that the automatic pairing that centralized exchanges enable is not possible. The entire connection process has to be done by the user.</p>



<h2 id="b4dd"><strong>IvoryPay and Crypto Transactions</strong></h2>



<p id="c32f">In some way, IvoryPay operates both custodial and non-custodial wallets, but the usage depends on the user. All IvoryPay partner businesses will have access to custodial services operated by the platform. First, partners by the virtue of using IvoryPay’s payment gateway, automatically own a dashboard where they can keep track of their revenues.</p>



<p id="636b">IvoryPay helps these businesses accept payment and maintains their dashboard where they can see the aggregate of all transactions. Partners can then choose how what to do with their funds — they can choose to withdraw funds to a crypto wallet address, to a local bank account, or even stake a portion in the IvoryPay staking pool.</p>



<p id="d443">On the other hand, IvoryPay does not hold funds for users. Users who wish to purchase the IVRY token can do so to their respective wallet addresses. They can also use the tokens to complete transactions on partner platforms. In this case, they will have to connect their crypto wallet to the Ivory payment gateway on the partner platform.</p>



<h3 id="ea8b"><strong>Conclusion</strong></h3>



<p id="2337">As a user, you will be constantly faced with making a decision between comfort and control when choosing a crypto wallet type. On IvoryPay, the roles have been laid out and users have absolute control over their digital assets, though you could choose to stake them and momentarily place them in our custody, just like our partners do.</p>



<p id="1292">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="1ac5"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


There are two broad categories of wallets in cryptocurrency — custodial and non-custodial wallets. Each of this wallet category has its pros and cons.

<strong>Understanding Custodial and Non-Custodial Wallet Using IvoryPay</strong>


<p id="3e01">As crypto payment solutions continue to gain prominence, Online businesses are starting to wake up to the benefits of deploying crypto payment gateways. Nevertheless, these solutions are only the starting point in a long process of online crypto payment.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*Sch7UgZZGNYSoUBGWuOBTw.jpeg" alt="how-crypto-payments-work"/></figure>



<h3 id="90cc"><strong>TL;DR</strong></h3>



<ul>
<li>Payment gateways are only the starting point for initiating an online transaction</li>



<li>Crypto payment gateways could be deployed through multiple means</li>



<li>To complete an online payment, the crypto gateway interacts with the payment processor which then relays with the backend interface.</li>
</ul>



<h2 id="09c8"><strong>Payment Gateway as the Starting Point</strong></h2>



<p id="5088">To initiate a crypto payment on an online platform (say an eCommerce website), the user needs to interact with the physical options that have been integrated into the website. These options could be a payment button, checkout, or QR code. Once a user chooses their preferred option, the entire process of payment processing, authentication, and confirmation commences.</p>



<h2 id="9292"><strong>Interacting with Payment Processor</strong></h2>



<p id="c92a">The moment a user connects their crypto wallet or input the necessary detail to complete an online transaction using a crypto payment gateway, the gateway conveys the details to the payment processor behind the scene.</p>



<p id="f61d">You will notice that you will have to wait for a few seconds for a transaction to be complete. That period of waiting is where the interaction takes place. During this period, the gateway conveys the details of the transaction to the payment processor which is the software that organizes and authenticates payment.</p>



<p id="c514">The processor confirms that a user has enough money to complete the transaction in their wallet, then contains the specified amount to deposit in the designated receiving wallet address. Once this transaction is done, the backend receives the payment and sends a success message to the processor which then relays with the gateway. At this point, the user sees that their transaction has been completed.</p>



<p id="9178">Usually, the entire process takes only a few seconds and the user is not aware that such a complex process has taken place.</p>



<h3 id="a5c7"><strong>Conclusion</strong></h3>



<p id="8e0f">The processes involved in completing a payment are quite complex. A payment gateway is only the starting point in this long systematic process.</p>



<p id="42d1">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="7df9"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


To initiate a crypto payment on an online platform, the user needs to interact with the physical options that have been integrated into the website.

<strong>How Does a Crypto Payment Gateway Work?</strong>


<p id="2fc7"><strong><em>Payment links and QR codes are two of the fastest ways that online businesses can accept payments using IvoryPay</em></strong></p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*H-gXbDr06tgejoBskiZ6Ag.jpeg" alt="receive-instant-payment-with-IvoryPay"/></figure>



<h3 id="1f53"><strong>TL;DR</strong></h3>



<ul>
<li>Online businesses can receive fast payment using payment links and QR codes from IvoryPay</li>



<li>This is especially useful for small businesses that do not readily have an online storefront</li>



<li>These payment options can be shared across channels</li>
</ul>



<h2 id="57d1"><strong>Fast Payments with IvoryPay</strong></h2>



<p id="ddf6">Online businesses are not excluded from receiving crypto payments with IvoryPay. In fact, the infrastructure has been specially designed to cater to the needs of small and medium-sized businesses.</p>



<p id="acec">As a business on IvoryPay, you can receive fast payment using the payment link and QR code options. With these options, you can accept payments instantly just by sharing the payment link with your customers or sending them a unique QR code to complete their transactions.</p>



<p id="86fe">To get this done, businesses will be able to generate codes and links for each of their products, making it easy to accept payment whenever an order is placed. This even comes in handy for businesses that do not readily have an online presence or a storefront where they can integrate checkouts and payment buttons.</p>



<h2 id="f115"><strong>Cross-Channel Options</strong></h2>



<p id="b869">Payment links and QR codes are not restricted to specific channels for accepting payments. Business owners have the luxury of sharing them across channels — be it on social media or on instant messaging applications.</p>



<p id="e937">The whole idea is to simplify payments and make it possible for anyone, anywhere in the world to complete transactions in the shorted time possible.</p>



<h3 id="9701"><strong>Conclusion</strong></h3>



<p id="0097">IvoryPay is committed to easing crypto payments in emerging markets. Its instant payment links and QR options will further make service delivery accessible in emerging economies globally.</p>



<p id="4640">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="1add"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Payment links and QR codes are two of the fastest ways that online businesses can accept payments using IvoryPay

<strong>Receiving Instant Payments on IvoryPay Using Payment Links and QR Codes</strong>


<p id="5a9e">In the past few years, NFTs have grown from mere digital images and artworks to become unique creations finding utilities across industries. In the near future, it is possible that NFT will be one of the most important aspects of blockchain technology.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*FduD24RBtUxi9_YfLStA0A.jpeg" alt="how-does-nft-works"/></figure>



<h3 id="a672"><strong>TL;DR</strong></h3>



<ul>
<li>NFTs are digital representations of utilities that cannot be easily exchanged or traded just like regular cryptocurrencies</li>



<li>NFT now have use cases that go beyond digital art and images</li>



<li>In the near future, NFTs might grow to become one of the most important aspects of cryptocurrency</li>
</ul>



<h2 id="92b5"><strong>What is an NFT?</strong></h2>



<p id="46d1">An NFT is a blockchain-based digital asset that is rare, distinct, and unique in its characteristics. Its distinctiveness connotes that it cannot be replaced with a replica, while it is rare because its characteristics and composition vary greatly from that of another NFT (even if they exist as part of the same collection).</p>



<p id="e90a">What makes NFT distinct is the information that each carries. This piece of information is known as the metadata. The metadata contains the detail of the NFT such as its rarity, attributes, serial number, and just about everything that distinguishes it from other artworks.</p>



<p id="5fe0">An NFT does not have to be an image. It could also be a video clip, music, or GIF, among other things. Due to its extensive scope, NFT is finding use cases across several industries.</p>



<h2 id="e9b3"><strong>Use Cases of NFTs</strong></h2>



<p id="b8ca">The use cases of NFTs have transcended mere digital images. In recent times, NFTs have found adoption across various sectors such as art and collectibles, healthcare, gaming, real estate, land administration, supply chain, metaverse, and more.</p>



<p id="227c">The reason for this increasing utility stem from their innate attribute which is the ability to represent something rare and distinct without the option of a replica. This means that valuable items can now be stored on the blockchain through NFTs without the fear of getting mixed up.</p>



<p id="8482">There have also been unique instances in sectors like real estate where it is now possible to sell pieces of a house to several investors through a special type of NFT known as Fractionalized Non-Fungible Tokens.</p>



<h3 id="f1a4"><strong>For the Future</strong></h3>



<p id="c9b0">The dynamism in the applicability of NFTs has made them prime for adoption across industries and sectors. It is possible that NFTs will grow into one of the most important areas in cryptocurrency over the next decade.</p>



<h3 id="7845"><strong>Conclusion</strong></h3>



<p id="a06e">NFTs have transcended their initial conception as digital images. Today, their ability to create a digital representation of something unique is evident in the rate of adoption across industries. It is only a matter of time for this class of digital assets to become one of the greatest deployments of blockchain technology.</p>



<p id="9d8c">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="83bd"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


In the near future, it is possible that NFT will be one of the most important aspects of blockchain technology.

<strong>How Does NFT Works?</strong>


<p id="97fd">With cryptocurrencies, the unequal exchange barrier created by national currencies is eliminated. Users can conveniently conduct transactions from all corners of the globe as they directly exchange value for services and products.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*EGJ1w8AFhl9VhkiVUl3Hng.png" alt=""/></figure>



<h3 id="b0fc"><strong>TL;DR</strong></h3>



<ul>
<li>Emerging markets are generally plagued with weak economies, with crypto, values can be harmonized for users globally</li>



<li>Cryptocurrencies remove the barrier to international transactions and eliminate the high cost of transactions</li>



<li>IvoryPay helps businesses in emerging markets connect with the rest of the world through its crypto payment gateway solution</li>
</ul>



<h2 id="60e6"><strong>Characterized by Weak Economies</strong></h2>



<p id="adae">Generally, emerging markets are plagued with weak national economies where currency devaluation is quite common in a bid to attract foreign investment. This makes the purchasing power of citizens fall below what is attainable in other parts of the world.</p>



<p id="610a">Unstable government and lack of continuity in governmental policies from one regime to another is yet another problem that is rampant. Therefore, more often than not, economies are weak and fragile as the purchasing power of citizens drops.</p>



<p id="4fbf">With cryptocurrency, the barrier of a weak national currency is eliminated as the forces of demand and supply determine the value of cryptocurrencies from time to time. Due to their universality, the fluctuation in prices is even in all parts of the world and value is equivalent at every point in time.</p>



<h2 id="f50b"><strong>Removing Barriers to International Transactions</strong></h2>



<p id="a701">It is not uncommon for national governments in these countries to put measures in place to shore up the flow of funds. One of these measures is to rapidly increase the cost of international transactions in a bid to encourage in-flow and reduce the outflow of funds.</p>



<p id="a0ea">The&nbsp;<a href="https://www.nerdwallet.com/article/banking/wire-transfers-what-banks-charge" rel="noreferrer noopener" target="_blank">cost of international transactions</a>&nbsp;in itself could be huge and the transactions could take days before they are completed. This creates a barrier to international trade where funds might be required to be moved around quickly.</p>



<p id="0493">Cryptocurrencies pose a double advantage in this regard. First, there are currently no barriers to transactions as all transactions take place within a giant blockchain ecosystem. This directly impacts the rate of transaction completion where payments could be confirmed within seconds irrespective of the location of the parties involved in the exchange. As for the cost of a transaction, cryptocurrencies generally charge a fraction of the total amount in question, an amount that is considerably lower than what banks and traditional financial institutions charge.</p>



<h2 id="029e"><strong>IvoryPay Solutions for Emerging Markets</strong></h2>



<p id="8691">As a support to the many prospects domiciled in emerging markets, the IvoryPay payment gateway offers businesses and crypto users in the emerging markets the opportunity to accept and make payments with cryptocurrencies. Businesses will be able to deploy any of IvoryPay’s payment solutions which include checkout, QR code, payment link, and button.</p>



<p id="651e">Businesses will be able to deploy one or a combination of these tools to meet their peculiar business needs. Having access to all of the benefits already discussed in this piece, businesses in emerging markets (Africa, Asia, and South America) are well positioned to reach a global audience and overcome all of the barriers to international transactions.</p>



<h3 id="6930"><strong>Conclusion</strong></h3>



<p id="c035">Emerging economies have a lot to benefit from adopting cryptocurrencies. The ease of completing transactions and the opportunity to compete with businesses on the global stage are some of the immeasurable benefits that accrue from adopting cryptocurrencies.</p>



<p id="5fd7">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="133c"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


With cryptocurrencies, the unequal exchange barrier created by national currencies is eliminated. Users can conveniently conduct transactions from all corners of the globe

<strong>Why Crypto is Prime for Emerging Markets</strong>


<p id="1bb2">Irrespective of the kind of crypto wallet you have chosen to use, it is paramount that you ensure that your choice wallet is less prone to hacks and has the capacity to safeguard your digital assets at all times.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*iGCL_jGLCY46tTHjcU5eAg.jpeg" alt=""/></figure>



<h3 id="ddc3"><strong>TL;DR</strong></h3>



<ul>
<li>There are different types of wallets available for holding cryptocurrencies</li>



<li>Depending on your preferred option, it is important that you keep your private keys safe and stored in a secured location</li>



<li>Crypto wallets can be hacked that is why it is sometimes recommended to store assets on a cold wallet</li>
</ul>



<h2 id="2a7e"><strong>Types of Crypto Wallet</strong></h2>



<p id="ae75">Crypto wallets are broadly categorized into hot, cold, and paper wallets. Although in recent times, paper wallets are no longer in vogue, therefore, we will concentrate our effort on explaining hot and cold wallets.</p>



<p id="6c09">Hot wallets are crypto wallets are can be accessed online. This type of wallet exists on both centralized and decentralized crypto exchanges and can even be accessed through mobile applications or as browser extensions. For those that are hosted on centralized exchanges, users need not worry about their private keys are the exchange holds them securely. However, users who prefer to use decentralized hot wallets will have to safely store their private keys.</p>



<p id="2271">Cold wallets exist offline and assets on this type of wallet have to be stored on special purpose devices (usually in the form of flash drives). With cold wallets, users hold little to no risk of a hack as their assets are not online. For instance, if a crypto exchange gets hacked, hot wallets on the exchange will be compromised, whereas, cold wallets will suffer no risk as the assets are not hosted on any exchange.</p>



<h2 id="0b72"><strong>Private Keys are Private</strong></h2>



<p id="ba78"><a href="https://www.investopedia.com/terms/p/private-key.asp#:~:text=our%20editorial%20policies-,What%20Is%20a%20Private%20Key%3F,ownership%20of%20a%20blockchain%20address." rel="noreferrer noopener" target="_blank">Private keys</a>&nbsp;play the role of locks and anyone who has access to them can easily get into a crypto wallet and access the funds held in them. For this reason, it is always advisable for crypto users to safely store their private keys in a place where no other individual can access them.</p>



<p id="2da2">As much as hot wallets are easily susceptible to hacks, cold wallet holders must also be careful not to misplace their private keys are it might spell the loss of the assets contained in them. Both have their pros and cons, but one thing is paramount, all private keys must be kept private.</p>



<h3 id="36e6"><strong>Which is Better?</strong></h3>



<p id="c00e">There is no best option when it comes to crypto wallets, however, cold wallets tend to be safer and less prone to hacks than hot wallets. If you wish to invest in the long-term, you should definitely consider a hot wallet, but if you wish to constantly engage in asset flipping or trading, a hot wallet will be more convenient for you.</p>



<h3 id="49cc"><strong>Conclusion</strong></h3>



<p id="3d96">Crypto wallets are meant to be kept safe at all times and as a user, you are supposed to play your part by safeguarding your private keys. Hot wallet users, however, need to hope that their host does not get compromised. This is a reality they have to keep with at all times.</p>



<p id="55f6">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="ec33"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Irrespective of the kind of crypto wallet you have chosen to use, it is paramount that you ensure that your choice wallet is less prone to hacks and has the capacity to safeguard your digital assets at all times.

<strong>Can Your Crypto Wallet Be hacked?</strong>


<p id="95c7">Blockchain is the most innovative technology of the past decade and with the advent of decentralized applications, there has been a proliferation in the number of projects on the blockchain. As many as these projects are, they propose different values to users that range from reasonable to outrageous.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*FDP3waZwu6XlrvgYnnN1Yg.jpeg" alt="how-to-know-good-crypto-project"/></figure>



<h3 id="b4fa"><strong>TL;DR</strong></h3>



<ul>
<li>There are several projects on the blockchain and many more are being developed</li>



<li>Project use cases are some of the most important things to consider in any crypto project</li>



<li>Other factors to consider in a good project include the project team and the project milestones</li>
</ul>



<h2 id="c733"><strong>High Quality Projects</strong></h2>



<p id="b0e8">With the advent of decentralized applications, there are now a large number of projects on the blockchain that seek to offer different solutions ranging from finance to insurance, record keeping, and more. Most of these projects offer users unique solutions to real-world issues in an innovative way.</p>



<p id="6b9a">There are already thousands of these projects and amid all the fanfare, it is worth mentioning that value proposition has been a major issue. Thus, rug pulls and other forms of scams have become prevalent in recent years. This is not surprising as the industry is still developing with lots of improvements and standardization still on the horizon.</p>



<p id="0f96">It is not uncommon for projects to offer insane returns to investors who could get blindfolded by rewards while leaving out the need to do due diligence.</p>



<h2 id="a3a3"><strong>Value Proposition is Non-Negotiable</strong></h2>



<p id="1c2f">If you are seeking to invest in a crypto project, it is important that you do not overlook the project’s value proposition. This is the most important aspect of any project development (even outside crypto).</p>



<p id="84b2">Be sure to read through the project’s whitepaper to understand its product and its innovative approach to solving existing problems. If you find it hard to make a connection between value and existing problems, this is a red flag and it could be an indication of a scam.</p>



<p id="ca79">Ensure that you fully comprehend what is on offer, read through the pitch deck and project whitepaper, check the project out on social channels to understand its narratives, and ensure that its solutions are clearly communicated. It is quite easy to unravel a scam from its product and value offering.</p>



<h2 id="e88e"><strong>Equally Important Checklist</strong></h2>



<p id="ccc3">There is no project without a project team. It is your responsibility to do due diligence in this regard. Check out the project to confirm the project team, then proceed to evaluate the team online. Check them out on professional platforms like LinkedIn to confirm their track record. Having a face behind a project is an indication of a solid project in the making. However, if there is little to no information about the project team (especially the top-ranking project developers), you might be set up for a scam.</p>



<p id="e361">Additionally, check out the set milestones for the project. What is the project roadmap? What are the timelines? And how realistic are they? If you can conveniently answer these questions, you are on the path to investing in the next big project on the blockchain, otherwise, you might be in for a scam.</p>



<p id="6509">Other things you should factor in your research include the exchange listing, partnerships, and social media presence, among others.</p>



<h3 id="0388"><strong>Conclusion</strong></h3>



<p id="d0e5">Crypto scams are becoming more prevalent. It is your duty as an investor to conduct due diligence before investing in a crypto project. We have outlined some of the factors that you can put into your consideration in this post.</p>



<p id="d905">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="7c9b"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Crypto scams are becoming prevalent. It is your duty as an investor to conduct due diligence before making investment in a crypto project.

<strong>How to Know a Good Crypto Project</strong>


<p id="28b2">IvoryPay is more than a payment gateway solution for businesses. Its infrastructure is modeled on certain principles which ensures that all products and services exist to serve businesses and help them attain business milestones.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*yN4nRnyVh93G5mZjEBZhrg.png" alt="ivorypay’s-core-business-principles"/></figure>



<h3 id="2f87"><strong>TL;DR</strong></h3>



<ul>
<li>IvoryPay infrastructure is built on five fundamental principles</li>



<li>These principles exist to help all IvoryPay’s partners achieve their highest business potential</li>



<li>As a payment infrastructure, scalability resides at the heart of the IvoryPay ecosystem</li>
</ul>



<h2 id="bedf"><strong>The Five Fundamental Principles</strong></h2>



<p id="bd5d">Ivorypay is built on five fundamental principles which are explained below:</p>



<h2 id="7118"><strong>Accessibility</strong></h2>



<p id="9adf">A lot of the crypto payment gateways that exist at present are focused on the developed countries in Europe and North America. This is quite understandable as these regions have seen the most adoption of digital assets and national governments have somehow accommodated the holding and usage of cryptocurrencies.</p>



<p id="2749">On the flip side, cryptocurrencies are largely regulated or unrecognized in other parts of the world. This is especially true in Africa where several national governments have outrightly ruled against the use of cryptocurrencies. Despite the ban, crypto usage seems to have soared in recent times.</p>



<p id="d1bd">IvoryPay creates accessibility for crypto users and businesses in the developing world. It creates utility for token holders and opens up local businesses to the global market. This way, businesses in developing economies can make sales without encountering the existing barriers to international trade.</p>



<h2 id="231f"><strong>Affordability</strong></h2>



<p id="6848">Ivorypay is made to help both large enterprises and small businesses in developing countries to benefit from the evolution in payment technology. To make this possible, IvoryPay has totally removed the barriers to adoption and business integration by making its infrastructure affordable to all businesses willing to become partners.</p>



<p id="91c6">Affordability means low commission on transactions, and an easy integration process at no extra cost. This way, we are able to remove the extra burden of technological costs on these businesses.</p>



<h2 id="a985"><strong>Business Development</strong></h2>



<p id="7796">It is our goal to help all of our partners to scale both in the immediate and in the long term. That is why Ivorypay we have created a platform that is easily integrable for all businesses. It is our utmost belief that small businesses that are partners will grow over time. The goal is to supply them with the necessary tools they require throughout this expansion process.</p>



<h2 id="91dc"><strong>Innovation</strong></h2>



<p id="1f85">It is quite important that businesses try innovative ways to simplify experiences for their customers; this is where IvoryPay comes in. We have developed a series of payment options that our partners can deploy to meet the demands of their business expansion at every point in time.</p>



<h2 id="d276"><strong>Freedom</strong></h2>



<p id="4e92">We have built one of the most sophisticated crypto payment gateways in the world and the reason for this is simple — to allow more room for businesses to be free. This freedom deals with the removal of all barriers to trade such as regulations, dwindling currency purchasing power, geographical barriers, and differing currencies, among others. Removing these barriers is the definition of true freedom for businesses worldwide.</p>



<h3 id="0e59"><strong>Conclusion</strong></h3>



<p id="faff">IvoryPay has been built with the interest of the developing world at heart. The payment infrastructure is aimed at successfully transforming businesses around the world by removing all forms of constraints that can hinder their scalability and expansion.</p>



<p id="2fe5">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="40c7"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Ivorypay is more than a payment gateway solution for businesses. Its infrastructure is modeled on certain core principles which ensures that the ecosystem exist to serve businesses

<strong>The 5 Core Business Solution Principles of IvoryPay</strong>


<p id="ebc8">Validators play an important role in maintaining consensus and security on blockchains. They ensure that transactions are verified, and all records are stored, strung, and arranged in blocks on the blockchain.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*_YmHtRcyj-Z-vz5UASMtug.jpeg" alt="why-do-we-need-blockchain-validators"/></figure>



<h3 id="d318"><strong>TL;DR</strong></h3>



<ul>
<li>Validators help blockchains maintain security and validity by verifying transactions and keeping records of all activities on the network</li>



<li>The importance of validators has increased as more blockchains are built with the Proof-of-Stake consensus algorithm</li>



<li>Becoming a validator usually requires a user to stake their tokens in order to earn the right to participate in network security</li>
</ul>



<h2 id="9cb5"><strong>Maintaining Network Operations</strong></h2>



<p id="52fc">Most public blockchains exist as decentralized networks where no organization or single entity has sole control over network operations. In this instance, validators are needed to keep the entire system decentralized and secure.</p>



<p id="c510">Validators help to keep blockchains secure by verifying transactions to ensure that no fraudulent actor is able to manipulate activities on the network. They check transaction detail and authorize the confirmation of transactions, voting on the validity of each block before adding them to the existing chain on the network.</p>



<h2 id="7bf7"><strong>Validator and Proof-of-Stake Algorithm</strong></h2>



<p id="3869">The proof-of-stake consensus algorithm has been the reason for the increase in the demand for blockchain validators. Just as miners are important to the Proof-of-Work algorithm, its lack of eco-friendliness has made new blockchains embrace PoS to limit its environmental impact.</p>



<p id="b2ff">As an alternative, Proof-of-Stake uses validators instead of miners and replaces computing powers (power farms) with staking. As a result, the excess consumption of power is removed and decentralization is further permeated into blockchains are individual users with enough tokens to stake can now become validators.</p>



<h2 id="beac"><strong>Becoming a Validator</strong></h2>



<p id="616e">As is now the norm on most blockchains, becoming a validator has a set of laid down procedures that each user needs to follow. First, the blockchain sets the minimum acceptable number of tokens to be stake before a user is allowed to join the validator pool. This staked token is then used as collateral to ensure that the validator complies with the network procedures.</p>



<p id="015d">Any validator that goes against the set network rule loses all of or a portion of their staked tokens; this is the established punitive measure on most proof-of-stake blockchains. However, compliant validators earn rewards in the form of native tokens. The PoS algorithm also paves the way for new validators to join a network as it removes all barriers to network participation.</p>



<h3 id="672e"><strong>Conclusion</strong></h3>



<p id="7632">Overall, validators have grown in responsibility and their importance cannot be overstated on a blockchain network.</p>



<p id="fd34">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="86b3"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Validators play an important role in maintaining consensus and security on blockchains. They ensure that transactions are verified, and all records are stored, strung, and arranged in blocks on the blockchain.

<strong>Why Do Blockchains Need Validators?</strong>


<p id="aae4">As one of the effects of the COVID pandemic that swept the world in 2020, online transactions have fast become the norm both in the developed and developing countries of the world. As e-transactions increase, so also have people gravitated towards crypto payment gateways.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*nIas0-XDhJYdfKegx9fwvQ.png" alt="payment-processing-on-ivorypay"/></figure>



<h3 id="7a2d"><strong>TL;DR</strong></h3>



<ul>
<li>Crypto payment gateways came to prominence during the global lockdown of 2020 and have seen increased adoption ever since</li>



<li>Blockchain transactions are easily verified and can be completed within minutes</li>



<li>The IvoryPay payment gateway offers businesses the right tools to accept payments within seconds</li>
</ul>



<h2 id="ae69"><strong>COVID and Crypto Prominence</strong></h2>



<p id="649d">At the peak of the covid-19 pandemic, several businesses had to shut down just as countries shut their national borders to curb the spread of the disease. Blockchain and cryptocurrencies emerged to play a prominent role during these trying times</p>



<p id="8715">Most people, especially citizens of developing countries living in the diaspora, had to come up with innovative means to send money home without incurring huge transaction costs at both ends of the transaction. Then came cryptocurrencies. Cryptocurrencies (stablecoins esp.) provided an avenue to move funds at a fraction with receivers confirming payments within a short time.</p>



<p id="e771">Also, many had to turn to eCommerce platforms to make orders and supplies. With the increased urge to ration savings as there was uncertainty as to when lockdowns will end, crypto payment gateways became the go-to channel to conduct online transactions. The reason for this was clear — they helped cut costs and complete transactions seamlessly.</p>



<h2 id="897b"><strong>Fast Transactions on IvoryPay</strong></h2>



<p id="ceb7">As one of the payment gateways offering cheap, blockchain-based transactions for customers worldwide, IvoryPay further has an edge above its peers — the payment gateway processes and confirms transactions almost instantly.</p>



<p id="54df">As long as a business has fully integrated IvoryPay’s payment gateway(s) into its platform (be it QR code, checkout, payment link, or button) it will be able to accept and confirm transactions within three seconds. This helps to improve customers’ shopping experience and increase business for partner platforms.</p>



<p id="6fd9">The added advantage is that partners and customers are guaranteed no downtime and a business can process multiple transactions simultaneously. In addition, IvoryPay has helped to remove fraud and complicated transaction processing from the payment system.</p>



<p id="d191">It is quite common that transactions fail or are not completed when a customer uses any of the existing non-blockchain payment solutions, however, with Ivorypay’s solution, a transaction only fails when a customer does not have up to the required amount in the wallet. In such a situation, both parties are instantly aware of the status of the transaction.</p>



<h3 id="b649"><strong>Conclusion</strong></h3>



<p id="d876">Crypto payment gateways are the latest trend in business payment solutions. It is quite paramount for all forward-thinking businesses to deploy them to stay relevant. Ivorypay has also stood out among its pairs to offer businesses a unique edge in this rapidly competitive business landscape. Thus customers can enjoy a smooth payment experience on all of our partner platforms.</p>



<p id="934f">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="1407"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


As long as a business has fully integrated IvoryPay’s payment gateway(s) into its platform, it will be able to accept and confirm transactions within three seconds.

<strong>How Long Does it Take to Process Transactions on IvoryPay?</strong>


<p id="fa87">Wallets are important to how blockchains work. Although they do not directly impact how blockchains function, they are essential for holding digital assets of all kinds on the blockchain. Alongside its core function, a hot wallet makes it easy for users to conduct transactions on a blockchain network.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*PDexbc4sJTs1jcm127U3wA.jpeg" alt="what-is-a-hot-wallet-in-crypto"/></figure>



<h3 id="a630"><strong>TL;DR</strong></h3>



<ul>
<li>Wallets help to organise and hold users’ digital asset portfolios in one location on the blockchain</li>



<li>Hot wallets are domiciled online and are always on the internet, making them easily accessible and convenient for users at all times</li>



<li>Hot wallets are more susceptible to hacks and are the easiest to hack among blockchain wallets</li>
</ul>



<h2 id="6aaa"><strong>Wallets in Blockchain Technology</strong></h2>



<p id="e65c">Wallets are essential for storing and holding digital assets on the blockchain. All transactions authorised on a blockchain are either sent or received through a wallet address. In essence, a wallet serves as a repository for holding and transacting digital assets on a blockchain. These assets can vary from altcoins and stablecoins to non-fungible tokens and asset-backed securities.</p>



<p id="ad83">Each blockchain wallet helps a user to generate unique wallet addresses which serve as the means to transfer and receive assets on the network. These addresses differ for each token that is supported and no two wallet addresses are ever the same.</p>



<p id="11b6">When a user has funds in their wallet, they will be able to see at a glance, the type of asset they hold as well as the market value of the individual assets contained in the wallet.</p>



<h2 id="82de"><strong>Blockchain Hot Wallets</strong></h2>



<p id="017e">Hot wallets are just one of the varieties of wallets that users can deploy for storing their digital assets. Hot wallets are domiciled on the blockchain and are ever connected to the internet. This “always online” capability makes them appealing, convenient, and easy to use for all.</p>



<p id="de11">It is even more important for users who frequently conduct transactions on the blockchain. Daily crypto traders will find hot wallets convenient for their trading activities. The catch for hot wallets is that users need not worry about misplacing them, as is possible with cold wallets. The sole responsibility of safeguarding the wallet has been passed to the wallet provider — this could be a centralized exchange like&nbsp;<a href="http://binance.com/" rel="noreferrer noopener" target="_blank">Binance</a>&nbsp;or an independent wallet service provider like&nbsp;<a href="https://metamask.io/" rel="noreferrer noopener" target="_blank">Metamask</a>.</p>



<p id="968e">The user is only tasked with keeping their private keys (for independent wallets) or these keys can be kept by the service provider (in the case of a centralised exchange)</p>



<h2 id="6be1"><strong>Susceptible to Hacks</strong></h2>



<p id="ceb3">As convenient as hot wallets could be, they still have their downside. They are the most prone to hacks and cyber attacks among the types of crypto wallets. Since hot wallets are always online, they become easy targets for hackers seeking to steal funds. Hot wallets are the usual victims in instances of exchange hacks. You can read about some of the biggest hot wallet hacks ever recorded in this&nbsp;<a href="https://medium.com/ngrave/5-devastating-hacks-that-show-how-vulnerable-online-wallets-really-are-a7e015764b63">link</a>.</p>



<p id="cdfd">Also, it is possible that hot wallet users lose their assets in the event that a blockchain project declares bankruptcy as funds contained on the platform would have to go down along with the project.</p>



<h2 id="db90"><strong>It’s a Trade-Off</strong></h2>



<p id="ce76">Users generally have to make a trade-off between convenience and security when determining which type of wallet is most suitable for them. A hot wallet makes it easy to conduct transactions on the blockchain but it is prone to attack. On the other hand, cold wallets offer greater security as assets are stored offline, but they are not convenient to use.</p>



<h3 id="03da"><strong>Conclusion</strong></h3>



<p id="ef84">Hot wallets are the most popular type of wallet used on the blockchain. It has got its benefits and disadvantages at the same time. It is up to you to decide if a hot wallet really serves your purpose more than any other wallet options around.</p>



<p id="24b1">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="a63c"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Alongside its core function, a hot wallet makes it easy for users to conduct transactions on a blockchain network.

<strong>What is a Hot Wallet?</strong>


<p id="a037">IvoryPay offers an all-around payment solution to businesses around the world. Its rich ecosystem has made it a choice for online businesses wishing to scale operations and serve customers from all parts of the world without barriers to payment.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*PWXIV4QHfliTxUjHZp3Q2A.png" alt="where-can-you-use-ivorypay"/></figure>



<h3 id="12ee"><strong>TL;DR</strong></h3>



<ul>
<li>Primarily, the IvoryPay payment gateway serves businesses in emerging economies around the world</li>



<li>Ivorypay is also open to businesses in the developed world. Especially in Europe and North America</li>



<li>IvoryPay offers businesses the opportunity to deploy from its suite of payment gateway options</li>
</ul>



<h2 id="3413"><strong>Made for the Emerging Markets</strong></h2>



<p id="fb5c">IvoryPay is the brainchild of African entrepreneurs, for this reason, the project aims, primarily to cater to the need of businesses in emerging economies around the world. Specifically, online businesses in Asia, Africa, and South America can easily deploy the payment gateway to ease payment for their customers.</p>



<p id="96f7">This primary focus makes it possible to further integrate these regions of the world into the blockchain ecosystem. As more people in these regions become exposed to cryptocurrency as a form of banking, Ivorypay wants to help them find everyday use cases for their digital funds. Something as simple as making payments and completing transactions in stablecoins.</p>



<p id="da30">The integration process becomes complete in emerging economies when businesses are no longer restricted or confined by strict laws guiding international trade. With stablecoins, businesses can easily quote USD prices to customers and receive payments instantly.</p>



<p id="6809">Lastly, emerging economies are known to have volatile economies. This means that inflation is rapidly on the rise, thus affecting income and revenues. With Ivorypay enabling these businesses to accept stablecoins, they no longer need to worry about inflation as their fund is received and stored in stable assets (USDT, USDC, and DAI).</p>



<h2 id="6376"><strong>Prime for Developed Economies</strong></h2>



<p id="49d4">Ivorypay is built as an infrastructure on the blockchain, therefore, it has infinite support and scalability for businesses. As such, businesses in Europe and North America can also benefit from the robust business opportunities that IvoryPay enables them.</p>



<p id="f64d">Ecommerce businesses, subscription-based businesses, creators, and other forms of online businesses can easily deploy the IvoryPay payment gateway to start accepting payments from customers. This is even more important in this era where cryptocurrencies have seen wide adoption and offer lower transaction costs than traditional payment gateways and banks.</p>



<h2 id="13eb"><strong>A Suite of Payment Options</strong></h2>



<p id="545d">If you have chosen to deploy Ivorypay for your business, you should know that IvoryPay offers you the opportunity to deploy the most convenient option(s) for your customers. You could deploy IvoryPay as a payment button, checkout, link, or QR code. As long as your customers find it convenient, IvoryPay has got your back.</p>



<h3 id="52c2"><strong>Conclusion</strong></h3>



<p id="6897">IvoryPay is made to serve businesses anywhere in the world irrespective of the country they are located. The payment gateway aims to create a world where businesses can connect with customers irrespective of their location on the planet, removing all barriers to payment.</p>



<p id="6c02">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="bf74"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


IvoryPay offers an all-around payment solution to businesses around the world. 

<strong>In Which Country Can You Deploy IvoryPay?</strong>


<p id="c395">The pandemic is largely behind us today, still, its lasting impact will be felt for years to come. At the height of the pandemic, national boundaries were shut as casualties increased. As grim as the pandemic was, it signaled a new era for cryptocurrencies as more people joined the train, leading digital asset holdings to an all-time high.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*r-SJ9_EhbFT3CwN81BvVCQ.jpeg" alt="covid-and-crypto-boom"/></figure>



<h3 id="8cec"><strong>TL;DR</strong></h3>



<ul>
<li>The crypto market has seen consistent growth since the height of the covid outbreak in 2020</li>



<li>Digital assets provided an alternative source of income to many as their value soared along with increased adoption</li>



<li>Lockdown also signaled the birth of crypto payment gateways as people tried cutting costs to cope with the pandemic</li>
</ul>



<h2 id="09df"><strong>New Heights for Digital Assets</strong></h2>



<p id="58b2">At the height of the COVID outbreak in 2020, almost all countries in the world had their national boundaries closed in a bid to curb the spread of the outbreak. This was followed by measures of strict social distancing and movement restrictions.</p>



<p id="4616">This also meant that businesses had to close doors, leading to the collapse of several businesses as they could no longer generate income. For those that did not close down, spending and salary cuts were put in place while workers had to work from home where necessary.</p>



<p id="9edf">This new work-from-home remote work model has since become the norm in several workplaces and it largely contributed to the growth of the digital asset space.&nbsp;<a href="https://www.milanfintechsummit.com/crypto-currency-global-market-2021/#:~:text=The%20cumulative%20market%20capitalization%20of,Bitcoin%20and%20other%20digital%20coins." rel="noreferrer noopener" target="_blank">Statistics</a>&nbsp;have shown that investors flocked to the crypto space as an alternative source of investment in this period of uncertainty. A move that saw a Year-on-Year (YoY) growth of 300% in 2020 alone.</p>



<p id="2a90">At the height of the pandemic, the crypto market capitalization hit $2.43 trillion. This contrasted with the reality of other industries around the world.</p>



<h2 id="f402"><strong>Alternative Source of Income</strong></h2>



<p id="ff0a">As cryptocurrencies and blockchain pioneered another digital revolution, it was hardly surprising that new income opportunities came along. Several jobs became available ranging from blockchain developers to smart contracts experts, product designers, and down to community managers. This meant that people could make money from the comfort of their homes without feeling the pressure of the lockdown.</p>



<p id="a194">Aside from the tech jobs that were obviously created, other sources of income soon followed like crypto trading (futures trading). This period also birthed the&nbsp;<a href="https://academy.binance.com/en/articles/what-is-play-to-earn-and-how-to-cash-out" rel="noreferrer noopener" target="_blank">play-to-earn</a>&nbsp;economy where game players from all around the world can partake in blockchain-based games to earn rewards and collect rare digital assets in the form of NFTs.</p>



<h2 id="5d20"><strong>The Birth of Crypto Payment Gateways</strong></h2>



<p id="38c4">As work-from-home became the norm, it was obvious that lay-offs were the solution for most businesses as they will not need to pay workers who are no longer part of their organizations. People started turning to several means to cut costs and get the best utility for their money.</p>



<p id="91b1">As eCommerce was already the go-to channel to restock (due to movement restrictions), people then turn to cryptocurrencies to reduce transaction costs. It is no secret that the traditional financial system charges arbitrarily to complete transactions.</p>



<p id="078f">This has since led to the emergence of crypto payment gateways that give online businesses the opportunity to offer customers alternative payment option that helps them reduce cost without compromising the payment process.&nbsp;<a href="https://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">IvoryPay</a>&nbsp;is one of the leading payment gateways that have since emerged for global payments processing.</p>



<h3 id="3746"><strong>Final Thoughts</strong></h3>



<p id="2e39">Even now that covid is largely behind us, these occurrence has shaped our reality and ushered in a new era all around the world. Remote work, alternative investments, new types of jobs, and payment gateways have emerged as solutions to the challenges and restrictions of traditional systems. Today, we can confidently state that covid-19 has helped us to discover better ways to get things done, an occurrence whose impact has redefined our approach to everyday life.</p>



<p id="c0cf">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="f889"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


As grim as the pandemic was, it signaled a new era for cryptocurrencies as more people joined the train, leading digital asset holdings to an all-time high.

<strong>How COVID-19 led to the Growth of the Global Crypto Market</strong>


<p id="66bc">The end goal for all investors is to make handsome returns on their investments. Therefore, it is quite common for investors to seek what they tend to gain from a venture before committing their fortune to such an investment. The IVRY token offers investors absolute value when they acquire the token as a form of investment.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*ESmIUmVwSaNM-fsGhQrpWw.jpeg" alt="ivorypay-benefits-for-token-holders"/></figure>



<h3 id="214b"><strong>TL;DR</strong></h3>



<ul>
<li>All stakeholders within the IvoryPay ecosystem stand to gain from its numerous instances</li>



<li>Investors can make gains by staking their tokens in the staking pool made available on the platform</li>



<li>Investors can also decide to hold their tokens and watch their value appreciate as more uses and adoption continue to drive growth within the network</li>
</ul>



<h2 id="91d4"><strong>Staking Your IVRY Token</strong></h2>



<p id="f413">For investors who want to constantly grow their income instead of leaving their tokens in their wallet, staking their IVRY token is a very suitable option for them to explore. Like staking on every other network, token holders are expected to deposit their tokens in the IVRY staking pool over a desired period of time.</p>



<p id="6d92">By staking tokens, you automatically attract a set percentage that correlates to the duration of your staking. These returns are known as the&nbsp;<strong>Annual Percentage Yield</strong>&nbsp;(APY). The longer the duration, the higher your APY.</p>



<p id="73af">You will receive both your tokens and your interest once the due date reaches. Easy, simple, and swift.&nbsp;<a href="https://medium.com/@ivorypay/idle-tokens-stake-it-on-ivorypay-84e9d0ccc858?source=user_profile---------0----------------------------">Here</a>&nbsp;is a link detailing how staking works on IvoryPay. You can also check out our website using the link&nbsp;<a href="https://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">here</a>.</p>



<h2 id="9557"><strong>Holding Your Token</strong></h2>



<p id="af6a">If you do not wish to stake your token, no problems, IvoryPay has got you covered. You can simply hold your tokens and “long” on the IVRY. This means that you can simply stay bullish on the token and expect huge appreciation over time.</p>



<p id="29b2">It is normal that you think in terms of the volatility of cryptocurrencies. Nevertheless, the IVRY token will see its value rise over time as new use cases will be developed along the line. Also, business adoption and adoption by consumers will eventually make the value of the IVRY appreciate in the near future.</p>



<p id="45a2">So, if you only wish to hold the token you can rest assured that your holding will appreciate just as the project expands and achieve its milestones and target.</p>



<h3 id="c013"><strong>Conclusion</strong></h3>



<p id="c26a">The IVRY token holds tremendous value for all token holders and investors. Holding your tokens or staking them does not really matter, the most important thing is that every stakeholder within the IvoryPay ecosystem will see their tokens appreciate over time.</p>



<p id="cff7">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="f473"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


The IVRY token offers investors absolute value when they acquire the token as a form of investment.

<strong>How You Can Benefit as an Investor by Holding the IVRY Token</strong>


<p id="8edc">A simple understanding of gas fees can be derived when we compare it to the traditional financial system. Simply see gas fees as the transaction charge that you pay for moving funds from one bank account to the other.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*p_zkSvaiZ5jcCB_dQhBrOA.jpeg" alt="why-do-we-pay-gas-fees"/></figure>



<h3 id="b5a8"><strong>TL;DR</strong></h3>



<ul>
<li>Gas fees are the charges paid by a user to the blockchain network whenever they send crypto from one wallet address to the other</li>



<li>It is usually a compensation for the computational power and energy used by miners/validators to maintain decentralization and security on the network</li>



<li>Gas fees vary from blockchain to blockchain and the Ethereum network is known to have the most unstable gas fee charge among blockchain networks</li>
</ul>



<h2 id="96cb"><strong>Gas Fees as a Transaction Charge</strong></h2>



<p id="769a">Gas fees are usually charged when a user sends tokens from one wallet address to another wallet address. What is known as a gas fee is nothing other than the transaction charge fee that accrues for completing such a transaction.</p>



<p id="91d9">Gas fees are fractions of the total amount sent between wallets. On most blockchains, it is calculated as a percentage fraction (usually between 0–1%) of the entire transaction value. For example, a blockchain that charges 0.1% as gas will charge 50 cents as transaction fees when a user moves $100 worth of tokens between wallets.</p>



<p id="a309">As is now evident, gas fees on most blockchains are usually very low compared to the transaction processing fees charged by most traditional banks and fintech platforms.</p>



<h2 id="9d6e"><strong>Reward for Miners/Validators</strong></h2>



<p id="35b1">On the flip side, gas fees are necessary to maintain security and decentralization on blockchains. This task always falls on validators and miners to ensure transaction validation and consensus on the network. The gas fee is what serves as the fuel that keeps the entire chain on.</p>



<p id="ef35">Miners and validators are compensated with the gas fees that users pay and the more fees a validator receives, the more transaction they process.</p>



<p id="451a">On the&nbsp;<a href="http://ethereum.org/" rel="noreferrer noopener" target="_blank">Ethereum</a>&nbsp;blockchain, gas fees take a bit of a twist. Validators are still required to process transactions, however, the amount payable is usually dependent on the demand and supply functions on the network.</p>



<p id="d88d">What this means is that when the demand for translation processing is high, the gas fee will also increase, and when activities are low, gas fees also become low. This has led to a system of incentivization among users. Users who want their transactions to be processed faster can increase the amount payable as fees so that validators can quickly process their transactions above others with lower bids.</p>



<p id="39a2">Placing this alongside the congestion on Ethereum, it becomes clear why users have been consistently complaining of high fees on the network. It is also the reason project developers are beginning to switch to alternative blockchains such as&nbsp;<a href="http://solana.com/" rel="noreferrer noopener" target="_blank">Solana</a>&nbsp;and&nbsp;<a href="http://cardano.org/" rel="noreferrer noopener" target="_blank">Cardano</a>&nbsp;to build their projects.</p>



<h3 id="a29f"><strong>Conclusion</strong></h3>



<p id="f0ab">Gas fees are essential to how the blockchain functions. They are the oil that lubricates the entire blockchain network, making it a win-win for network stakeholders.</p>



<p id="2c0c">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="4567"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Simply see gas fees as the transaction charge that you pay for moving funds from one crypto wallet to the other.

<strong>Why Do We Pay Gas Fees?</strong>


<p id="fd4c">The IvoryPay ecosystem is primarily focused on crypto payment processing. Along with this function, the platform’s native token, IVRY, could also be deployed by token holders to further harness opportunities within the IvoryPay ecosystem.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*xVdf0cYctRHB1Dy156ntKQ.png" alt=""/></figure>



<h3 id="8d2e"><strong>TL;DR</strong></h3>



<ul>
<li>IVRY token enables users to make discount purchases on all partner platforms</li>



<li>The token also allows businesses to obtain DeFi loans at no added costs</li>



<li>All creators holding the IVRY token can freely mint NFTs in their storefront</li>



<li>Token holders can stake their IVRY to earn APY after a designated timeframe</li>
</ul>



<h2 id="0173"><strong>Discount Purchases on Partner Platform</strong></h2>



<p id="8e01">All IVRY token holders who make purchases on IvoryPay’s partner platforms will be entitled to two benefits. First, they will be able to make payments and complete transactions using the native token. Secondly, token holders will be eligible for discount purchases which will be in proportion to the purchase made.</p>



<p id="8c1d">There are no restrictions on where these benefits could be obtained. Be it on a partner eCommerce platform, or a subscription-based business partner as long as the vendor deploys IvoryPay’s payment gateways, the customer is automatically entitled to a discount purchase.</p>



<h2 id="ce95"><strong>DeFi Loans for Businesses</strong></h2>



<p id="8489">Gone are the days of incessant paperwork and unreasonable loan collaterals. With Ivorypay all partner businesses with a certain holding of IVRY token will be eligible to obtain DeFi loans with minimal fuss.</p>



<p id="45bd">The amount obtainable will be estimated based on the volume of monthly transactions processed and the total amount contained in the partner’s IvoryPay wallet.</p>



<p id="d3c8">All loans will be approved in the shortest time possible (usually within minutes) and businesses could pay back after a set duration. The best part of the DeFi loan for businesses is that the interest rate is very low and far lower than what is currently available in the traditional financial system.</p>



<h2 id="ec71"><strong>Free Minting for Creators</strong></h2>



<p id="d6c5">The IvoryPay NFT Storefront specifically caters to digital art creators. There they can own an NFT storefront that is carefully customized to their taste and preferences. IvoryPay has further simplified digital art sales for creators by introducing a zero-fee NFT minting for all creators who own a designated number of IVRY tokens.</p>



<p id="1fe9">The good part is that creators can receive payments for their creatives in IVRY tokens and upon reaching the marked threshold, they will be able to mint NFTs for free, forever, on IvoryPay.</p>



<h2 id="0b37"><strong>Staking and Earning</strong></h2>



<p id="304c">If you wish to put your idle IVRY tokens to work on IvoryPay, we encourage you to simply stake them for rewards. We have already written comprehensively on this. You can read the details&nbsp;<a href="https://medium.com/@ivorypay/idle-tokens-stake-it-on-ivorypay-84e9d0ccc858?source=user_profile---------0----------------------------">here</a>.</p>



<h3 id="bbad"><strong>Conclusion</strong></h3>



<p id="2e05">The IvoryPay ecosystem is one robust platform with lots of opportunities for everyone who holds its native token. There is no exclusion, it’s raining benefits in the IvoryPay ecosystem.</p>



<p id="fcb4">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="db82"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


<strong>The Top Four (4) Use Cases of the IVRY Token</strong>


<p id="8271">Staking is one of the surest ways to earn on the blockchain. It involves depositing your tokens in a staking pool, and in return, you earn what is known as an Annual Percentage Yield. It is a very good means of earning passive income on your tokens.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*xY_JXDqGBhzcLvx2qLCRTg.jpeg" alt="crypto-staking-for-dummies"/></figure>



<h3 id="cfa2"><strong>TL;DR</strong></h3>



<ul>
<li>All token holders on a blockchain can stake their tokens to earn passive income</li>



<li>Staking takes place over a chosen duration when the percentage yield is calculated over the set period</li>



<li>Staking yields are generally more rewarding than the percentage yield in the traditional financial system</li>
</ul>



<h2 id="e93b"><strong>A Guaranteed Means of Passive Income</strong></h2>



<p id="fffe">Crypto trading is one of the most lucrative aspects of cryptocurrency, however, it can be regarded as a sphere for experts as funds can be easily lost with a single bad market move. A much safer alternative is cryptocurrency staking.</p>



<p id="04e5">Staking guarantees a reliable source of passive income. Once you stake your tokens in a staking pool, you are guaranteed a set percentage at the end of your chosen duration. Stakers are usually entitled to an Annual Percentage Yield which is the calculated returns that accrue over the staking period.</p>



<p id="88e0">Staking ensures that you take no further risk other than the volatility that the crypto market is already known for. It is a guaranteed source of passive income for token holders who do not wish to risk their assets.</p>



<h2 id="c1b2"><strong>Staking has a Defined Timestamp</strong></h2>



<p id="2567">Just like putting your funds in a high-yield fixed deposit account in the traditional financial system, you will have to set a staking duration for your asset. This means that you will decide how long you wish for the blockchain network to use your tokens to service the system.</p>



<p id="5712">Staked tokens are generally used to provide DeFi loans to those who wish to obtain them on the network. Returns from these loans are part of what is paid at APY for stakers. Depending on the timeframe you choose, your APY will vary accordingly and the payment will be released along with your tokens at the end of the staking period.</p>



<h2 id="4689"><strong>Better than Traditional Finance</strong></h2>



<p id="2277">One of the positives about staking your digital asset is that the rewards that accrue are usually more than what is obtainable in the traditional financial system. The benefits are two folds;</p>



<p id="068e">First, the percentage reward (APY) from DeFi staking is usually higher than what banks and other centralized financial institutions offer. By default, you are primed to gain more by staking cryptocurrency</p>



<p id="d081">The second benefit is that, based on trajectory, you stand the chance of growing the value of your tokens at withdrawal. Volatility is a given in cryptocurrency, however, you stand to benefit if the market goes on a bullish run at the time of your withdrawal.</p>



<p id="336a">The traditional financial system is inflation-ridden already and the tendency to have your funds appreciate is non-existent. Even if inflation subsides, your funds do not appreciate and you are only entitled to the interest payable on the exact fund.</p>



<p id="98d7">So which is your choice, crypto staking or TradFi?</p>



<h3 id="0cf0"><strong>Conclusion</strong></h3>



<p id="ce5e">Cryptocurrency staking is a good way to passively grow your income. At the same time, its benefits far outweigh those offered by the traditional financial service industry.</p>



<p id="76ee">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="60ff"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Staking guarantees a reliable source of passive income. Once you stake your tokens in a staking pool, you are guaranteed a set percentage at the end of your chosen duration. 

<strong>Crypto Staking for Dummies: Meaning and Benefits</strong>


<p id="a689">The IvoryPay ecosystem is more than a mere infrastructure for cryptocurrency payment processing for businesses. It also provides native token holders with the ability to stake their tokens and generate passive income.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*nP8rSDxne1vVLCXn4JiMKA.png" alt="staking-on-ivorypay"/></figure>



<h3 id="de38"><strong>TL;DR</strong></h3>



<ul>
<li>The option to stake on IvoryPay is open to all those who hold the platform’s native IVRY token</li>



<li>Businesses can commit a portion of their revenue to stake directly from their Ivorypay business dashboard</li>



<li>End users (investors and consumers) also have the opportunity to stake IVRY tokens and earn passive income</li>
</ul>



<h2 id="d36f"><strong>Opportunity for All</strong></h2>



<p id="ff9c">It is no news that the Ivorypay payment gateway is one of the most comprehensive payment infrastructures for cryptocurrencies that you can find around. The gateway simplifies integration for businesses and offers consumers the ability to complete transactions at a low cost in the most convenient manner.</p>



<p id="c793">But that is not all that is in stock on Ivorypay. Token holders — both businesses, investors, and consumers alike — also have the opportunity to stake their IVRY token to earn juicy Annual Percentage Yields (APY).</p>



<p id="1d12">This implies that the opportunity to earn is not restricted to any group of individuals. It further shows how open IvoryPay is and its intention to stay beneficial to all that associate themselves with the ecosystem.</p>



<h2 id="7c2b"><strong>Staking for Partner Platforms</strong></h2>



<p id="b9e1">It does not matter if you are a creator, an eCommerce platform, a subscription-based business, or whatever the business model that you operate, as long as you are a partner business on Ivorypay, you can easily stake on the platform.</p>



<p id="4050">All businesses registered on IvoryPay as a rule of thumb, have access to a personalized dashboard where they keep track of all transactions and revenue that they generate. As part of the options available for partner businesses, they can easily commit a portion of their revenue to the Ivorypay staking pool. They also have the option of choosing the duration of the staking, knowing what percentage will accrue at the end of the designated period.</p>



<h2 id="f848"><strong>Staking Opportunity for Consumers/Investors</strong></h2>



<p id="e505">Ivorypay’s staking opportunity is not confined to partner platforms alone. All IVRY token holders also have the opportunity to stake and earn on IvoryPay. Although they do not have dashboards like businesses, they can also stake tokens in the staking pool by committing a designated amount of tokens to the pool. As expected, rewards earned with be directly proportional to the duration of staking.</p>



<h3 id="20e0"><strong>Conclusion</strong></h3>



<p id="3232">Decentralization is the foundation of the blockchain. Ivorypay is built on this foundation and it is on this note that its staking feature is built — open for all token holders who wish to grow their revenue by staking IVRY tokens to earn passive income.</p>



<p id="84fd">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="baf0"><a href="https://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">Website</a>&nbsp;|<a href="https://twitter.com/ivorypay" rel="noreferrer noopener" target="_blank">Twitter</a>&nbsp;|&nbsp;<a href="https://www.instagram.com/ivorypay.io" rel="noreferrer noopener" target="_blank">Instagram&nbsp;</a>|&nbsp;<a href="https://www.linkedin.com/company/ivorypay/" rel="noreferrer noopener" target="_blank">LinkedIn&nbsp;</a>|&nbsp;<a href="https://t.me/ivorypay" rel="noreferrer noopener" target="_blank">Telegram</a></p>


 The Ivorypay ecosystem provides native token holders with the option to stake their tokens and generate passive income.

<strong>Idle Tokens? Stake it on IvoryPay</strong>


<p id="c18f">Portfolio management is a good way to limit the risk you take on in cryptocurrency. This is essential in the crypto space which is characterized by constant volatility and unreliable asset prices.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*NgkzHA1rzL9xGXRvmBaUeA.png" alt=""/></figure>



<h3 id="9c4e"><strong>TL;DR</strong></h3>



<ul>
<li>Portfolio management involves risk management and asset diversification</li>



<li>Businesses can also manage their portfolio by creating options to earn more revenue and reduce the effect of inflation</li>



<li>IvoryPay offers businesses in emerging markets the option to manage their revenue, earn rewards, and choose the most profitable withdrawal methods</li>
</ul>



<h2 id="add2"><strong>Portfolio Management in Cryptocurrency</strong></h2>



<p id="4af0">Cryptocurrency is a very unstable asset class. As much as its returns can be high, the risk involved can be considerably high. This, therefore, necessitates the need for portfolio management.</p>



<p id="f626">Managing a cryptocurrency portfolio involves diversifying asset classes to include a collection of different coins. The idea here is to minimize risks by spreading investment into different assets. Portfolio management also opens up the opportunity for investors to invest in altcoins that could grow in value over time.</p>



<p id="6014">By owning a collection of different assets, an investor inadvertently limits the risk of losing it all in the event that a coin goes on a bad run. It also helps to maintain a relatively balanced asset. Overall portfolio management is all about cutting risks and playing the long game of maximizing returns.</p>



<h2 id="4d8a"><strong>Portfolio Management for Businesses</strong></h2>



<p id="a0cd">More often than not, businesses are known to have a linear point of focus in terms of service and delivery. This means that most businesses are not in the best position to diversify their portfolio and effectively spread risks in the eventuality of a downturn. To curb risks, most businesses resort to insurance policies while paying premiums to prepare for rainy days.</p>



<p id="f302">On the other hand, businesses could actually hedge closer to asset diversification, especially in the era of cryptocurrencies and digital assets. As volatile as cryptocurrencies might be, it still offers businesses safe options that guarantee returns, thereby helping them to diversify their portfolio.</p>



<p id="b0bd">Investing in stablecoins like USDT, USDT, and DAI could prove useful for businesses in emerging markets where inflation and market volatility are quite common. This could help preserve the value of revenues and maintain businesses’ profits.</p>



<p id="77de">Businesses could also explore the option of staking in verified projects. Staking is a good way to earn passive income at a set percentage over a specified timeframe.</p>



<h2 id="f5a7"><strong>IvoryPay Portfolio Management for Online Businesses</strong></h2>



<p id="0093">IvoryPay is primarily a payment gateway for online businesses in emerging markets. As part of its product offering to businesses, IvoryPay allows businesses to manage all their revenues from within a dashboard.</p>



<p id="1e95">Here they can easily track how many sales are made and the channel through which customers made payments. Additionally, businesses (often referred to as partners) can accept payments in stablecoins such as DAI, USDT, and USDC.</p>



<p id="0b4a">In addition to this, all partners can seamlessly stake a portion of their revenue (both in IVRY and stablecoins) to IvoryPay’s verified staking pool to earn returns on their staked tokens.</p>



<p id="dbfe">Here are the benefits that accrue to businesses in emerging markets by deploying IvoryPay’s infrastructure:</p>



<ul>
<li>Ability to accept payments in stablecoins and preserve value</li>



<li>Ability to make sales to customers from any part of the world</li>



<li>Staking options for increased revenue</li>



<li>In-depth insight into revenue levels and overall business performance</li>



<li>Curbing the effect of inflation and its effect on business market value</li>
</ul>



<p id="895d">Signup your business on Ivorypay today!! You can check out our website using the&nbsp;<a href="http://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">link attached</a></p>



<h3 id="362d"><strong>Conclusion</strong></h3>



<p id="226e">Portfolio management is the bedrock of every successful business. Its value lies in the ability to weather the storm in tough times and consistently grow your business portfolio in stable times. Sign up on IvoryPay today to guarantee a stable future for your business.</p>



<p id="844f">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="216c"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Portfolio management is a good way to limit the risk you take on in cryptocurrency.

<strong>The Importance of Portfolio Management in Cryptocurrency</strong>


<p id="e964">As much as IvoryPay focuses on helping businesses and creators in emerging economies all around the world, the IvoryPay ecosystem also provides ample opportunity for consumers to benefit by holding the platform’s IVRY native token.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*hAwpQ0B3aCL8MUyFbWjV6g.png" alt="benefitting from ivorypay as a consumer"/></figure>



<h3 id="34c0"><strong>TL;DR</strong></h3>



<ul>
<li>Consumers can easily make payments with the IVRY token on partner platforms</li>



<li>Token holders can also stake tokens to earn guaranteed APY returns</li>



<li>All consumer-token holders also enjoy low transaction costs using Ivorypay’s gateway infrastructure</li>
</ul>



<h2 id="f9fe"><strong>Simplified Payment on Partner Platforms</strong></h2>



<p id="d657">One of the immediate and direct benefits that consumers get to enjoy with IvoryPay is the ability to make payments with its native token. Consumers will be able to make payments on all of IvoryPay’s partner platforms using the IVRY native token.</p>



<p id="300a">This means that consumers get to enjoy faster and more secure transaction processing on the blockchain. They will also be able to make payments in the most convenient way possible as partners will have the luxury of integrating all or a combination of the payment options offered by IvoryPay.</p>



<p id="0a9e">At present, IvoryPay supports payment options such as payment buttons, payment links, checkouts, and QR codes.</p>



<h2 id="355d"><strong>Low Cost of Transaction</strong></h2>



<p id="462e">This is a distinguished edge that IvoryPay retains over traditional payment processing gateways. All consumers making payments using IvoryPay’s payment gateway will only be charged a fraction of payment as a transaction processing fee, while IVRY token holders are charged zero fees when they make purchases on partner platforms.</p>



<h2 id="dbb3"><strong>Staking Option for Consumers</strong></h2>



<p id="e67b">As a consumer, holding the IVRY token would not only be for making payments. The IvoryPay infrastructure has been designed in such a way that all token holders will have the opportunity to stake their tokens.</p>



<p id="ac0c">As expected, staked tokens will yield returns in the form of Annual Percentage Yields (APY). So, you could dedicate a portion of your tokens into the staking pool while you sit back and enjoy a handsome yield on your investment.</p>



<p id="9c5d">The staking option is open to all consumers, and the yield on staking is determined by the number of tokens staked.</p>



<h3 id="9ca5"><strong>Conclusion</strong></h3>



<p id="ee73">The IvoryPay ecosystem is robust and secure, offering enormous benefits to both businesses and consumers alike.</p>



<p id="011c">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="a395"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


the IvoryPay ecosystem also provides ample opportunity for consumers to benefit by merely holding the platform’s IVRY native token.

<strong>How You Can Benefit from IvoryPay as a Consumer</strong>


<p id="9dbd">Non-fungible tokens have taken the crypto space by storm in recent times, as much as they are unique and distinct, their value and usage go beyond mere digital arts. They have also found use cases in real estate, digital arts, and several other spaces.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*3wmnK9mZGeTvAkLG05ax7Q.jpeg" alt="what-is-an-nft-artwork"/></figure>



<h3 id="b5d2"><strong>TL;DR</strong></h3>



<ul>
<li>NFTs are unique digital collectibles representing assets whose values cannot be replaced</li>



<li>NFTs have use cases in the real estate and digital arts collectible sphere</li>



<li>The IvoryPay NFT Storefront is the perfect place for creators to build, own, and display their unique digital collections</li>
</ul>



<h2 id="242f"><strong>Unique Digital Collectibles</strong></h2>



<p id="ed4d">Non-fungible tokens are not mere digital assets like bitcoin and Ethereum which can be traded one coin for another. NFTs are unique digital assets that are distinct and irreplaceable. The uniqueness of an NFT comes from what it represents as contained in its metadata.</p>



<p id="d6d3">This uniqueness depicts its representation of a real-world value such as music, artwork, real estate, or even tweet. This clear distinction makes an NFT one of a kind with no two non-fungible tokens of equal proportion ever existing on the blockchain.</p>



<h2 id="9c05"><strong>Dynamic Use Cases</strong></h2>



<p id="4435">Since NFTs represent unique and rare assets, this class of digital tokens has also found usage in other spaces where unique assets are traded. Notably, NFTs are seeing increasing adoption in the real estate and arts industry.</p>



<p id="a8fd">In real estate, NFTs have opened up an avenue for realtors to create a token system of fractional ownership where investors can pool funds to purchase properties. This means that it is no longer necessary for an individual to single-handedly purchase a property just to resell it at a later date. With tokenization, an otherwise illiquid asset is now made liquid, with each token representing a unique NFT that signifies fractional ownership of such asset.</p>



<p id="367b">Art collectors have also found instances for NFTs. Today, it is now possible for collectors to purchase a physical asset that has an NFT as a digital representation of value. This also implies that such artwork, even if plagiarized, cannot hold the same value as the original artwork. Effectively, this confers authenticity on the original property, while maintaining its intrinsic value.</p>



<h2 id="02d2"><strong>IvoryPay Storefront for Creators</strong></h2>



<p id="1852">The IvoryPay ecosystem provides digital art creators with the opportunity to display their artworks and creatives in a uniquely designed space known as a storefront. Each creator will own their storefront and can customize it to depict their uniqueness and brand.</p>



<p id="6962">IvoryPay also provides NFT creators with all the tools needed to display art, create auctions, and accept digital payments in the payment method that is most convenient for the creator. Creators will also benefit from IvoryPay’s unique payment gateway solutions such as payment buttons, links, and QR codes which further help them to simplify payment for collectors.</p>



<h3 id="77fa"><strong>Conclusion</strong></h3>



<p id="b325">The numerous instances in which NFTs can be deployed are a testament to the promises and benefits that it holds for digital art creators. IvoryPay’s NFT Storefront is the most innovative and convenient infrastructure specifically designed to help creators maximize the rewards of this booming digital economy.</p>



<p id="83a6">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="1f30"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


<strong>What is an NFT Artwork?</strong>


<p id="2066">This article is a tribute to stablecoins, the most underrated crypto assets with immense value that have continued to offer stability both on the blockchain and off-chain. By analyzing their inherent characteristics, it becomes obvious that stablecoins are king.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*wndIxQFh94klgz7OJnntCQ.jpeg" alt="why-stablecoins-are-important-in-cryptocurrency"/></figure>



<h3 id="1b8e"><strong>TL;DR</strong></h3>



<ul>
<li>Stablecoins offer stability and are resistant to the frequent volatility that characterizes the blockchain</li>



<li>Stablecoins serve as the bridge that connects the world of cryptocurrency to fiat</li>



<li>Stablecoins also serve as the asset for a global unified exchange of value</li>
</ul>



<h2 id="28aa"><strong>What is a Stablecoin?</strong></h2>



<p id="9409">Stability is its hallmark and efficiency is its watchword. Stablecoins are a class of crypto assets (digital currencies) whose values are pegged to existing traditional fiat currencies. Stablecoins act more like the digital versions of globally known fiat currencies such as the Euro, and dollars.</p>



<p id="264c">Some of the most notable stablecoins on the blockchain include USDT, USDC, BUSD, DAI, and TUSD. These digital assets are directly pegged to the US dollars and their values are always equal to the unit of the American dollar. This means that, for instance, 1 USDT=1USD.</p>



<p id="083a">Although their values are pegged against fiat currencies, still the means of maintaining this stability is derived in various ways. Broadly there are two distinct categories of stablecoins and they are;</p>



<ul>
<li>fiat-backed stablecoins: for every digital asset created, there is always an equivalent in a traditional bank reserve, and;</li>



<li>Algorithm-backed stablecoins: whose values are pegged against another crypto asset. Examples include DAI and Terra USD.</li>
</ul>



<h2 id="fafd"><strong>Stablecoins and Stability</strong></h2>



<p id="501f">No time is this more evident than now when the entire cryptocurrency market outlook is grim and not encouraging. Although stablecoins do not have the capacity to increase in value as altcoins do, they make up for this by offering stability to the otherwise volatile and unpredictable nature of cryptocurrencies.</p>



<p id="284e">Stablecoins are resistant to fluctuating digital asset prices and the value they represent can never plummet like other types of digital assets. They serve as the balancer and create a safe haven for investors who quickly want to consolidate the value of their assets of profits made through swapping.</p>



<h2 id="fcfd"><strong>Bridging the Fiat-Crypto Divide</strong></h2>



<p id="3e2a">To many, the entire ecosystem that surrounds blockchain looks overly complex and incomprehensible at the moment. However, having mastered how traditional fiat currencies work, they are able to transfer that logic to stablecoins.</p>



<p id="930b">This further gives many enthusiasts a level of confidence knowing fully well that their venture into cryptocurrencies via the stablecoin route almost certainly guarantees the retention of the value of their investment.</p>



<p id="6a29">In other words, stablecoins create a soft landing for enthusiasts and newbies who wish to join the crypto/blockchain caravan.</p>



<h2 id="6dce"><strong>Unified Global Exchange of Value</strong></h2>



<p id="050e">The dollar is known to be the global unit of international exchange, but moving fiat around is not an easy task, especially for international businesses. From challenges such as government restrictions on foreign exchange to the exorbitant charges by international money transfer businesses, the barriers to international trade keep mounting.</p>



<p id="8ede">Stablecoins create the perfect avenue for businesses to freely conduct transactions and move money to all corners of the globe. Transactions can be completed within minutes and the value transferred is exactly the same as that conveyed by the US dollars.</p>



<p id="693c">As a result, stablecoins serve as a symbol of international prosperity and unity that help facilitate the movement of money and other related services in the most convenient way possible.</p>



<h3 id="261c"><strong>Conclusion</strong></h3>



<p id="0e5f">Stablecoins certainly contains all of the characteristics of what could be tagged as a progressive currency. There is no other way to say this than to state things frankly…that stablecoins are king.</p>



<p id="1fe2">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="f276"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


By analyzing their inherent characteristics, it becomes obvious that stablecoins are king.

<strong>Stablecoins are King: Why Stablecoins are Important in Cryptocurrency</strong>


<p id="4405">As the adoption of cryptocurrencies continues to grow around the world, their benefits are fast becoming evident for both individuals and businesses. As is already evident, these benefits will continue to drive more people toward adopting cryptos for everyday usage and it is only a matter of time before cryptocurrency surpasses traditional banking in terms of preference for transaction completion.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*mAAykdzd8u_FZgPVx5Nazg.jpeg" alt=""/></figure>



<h3 id="4f45"><strong>TL;DR</strong></h3>



<ul>
<li>Cryptocurrencies offer users the ability to operate without the regulatory constraints and high fees of traditional banks</li>



<li>It eliminates the need for middlemen for transaction completion while completing transactions within a few seconds</li>



<li>Crypto payment solutions, by the virtue of the blockchain, ensuring that users’ personal data stay personal and protected.</li>
</ul>



<h2 id="4135"><strong>No Regulatory Constraints</strong></h2>



<p id="9fe4">It is quite common that national governments, through their designated financial agency, to regulate the mode and terms of operation for traditional banking institutions (both traditional banks and neo banks). This means that all bank users are bound, without hesitation, by these laws and regulations, even when they directly impact their personal and business transactions.</p>



<p id="adf1">Some of these regulations could impose restrictions such as daily transfer limits and international transaction limits. Usually, these limits could affect businesses that rely on international partners, while local businesses could be hampered by daily limits.</p>



<p id="4a75">All of these issues are only inherent in traditional finance. With cryptocurrencies, there are no restrictions or limits to daily transactions and businesses can freely conduct trades across borders. Clearly, this leverage has made cryptocurrencies more appealing to businesses that operate across national boundaries.</p>



<h2 id="d9c5"><strong>Cheap and Affordable</strong></h2>



<p id="4c60">When it comes to transaction charges, traditional banks are further down the ladder compared to cryptocurrencies. Banks have transaction fees that are higher per transaction than blockchain-based payment solutions.</p>



<p id="5fa2">On average, bank typical charges between 0.5% to 5% per transaction. This rate also does not include certain fixed charges. This is according to&nbsp;<a href="https://www.investopedia.com/terms/t/transaction-fees.asp" rel="noreferrer noopener" target="_blank">Investopedia</a>. On the contrary, transactions on the blockchain cost far less when placed side-by-side with banks. On average,&nbsp;<a href="https://www.investopedia.com/tech/how-much-does-it-cost-buy-cryptocurrency-exchanges/" rel="noreferrer noopener" target="_blank">Investopedia</a>&nbsp;documents that blockchain-based transactions cost as low as zero, while most blockchains do not charge more than 1% in fees.</p>



<p id="9617">This shows a substantial disparity between blockchain payment infrastructures and traditional finance. It also means that users can save more with crypto payment solutions.</p>



<h2 id="c25a"><strong>Eliminate Middlemen</strong></h2>



<p id="f9f6">Control and more control…that is what cryptocurrency offers. Cryptocurrencies give users (holders) the ability to freely access their assets as and when they wish. They could choose to move assets around without being monitored or held accountable.</p>



<p id="ab9c">It is quite common in traditional finance that national governments freeze accounts and make funds inaccessible to owners. This shows that users do not have full control over their funds and will have to turn themselves in at the call of the bank management or risk being sanctioned (account freezing or total forfeiture) at the discretion of the financial institution (or based on directives from the government).</p>



<p id="060f">By placing control in the hands of users, cryptocurrency eliminates the need for middlemen who could sometimes hold more than bank users.</p>



<h2 id="2a06"><strong>Anonymity and User Privacy</strong></h2>



<p id="34cd">This is yet another area where cryptocurrency payments outshine traditional banking payment solutions. It is a requisite for all bank users to provide their bio-data during the account opening process. A fraction of these details is usually contained whenever a user performs any form of transaction.</p>



<p id="4c4d">The destination account readily sees the account number of the sender along with the sender’s name, among other things. This shows that user anonymity and data privacy is non-existent using traditional banking channel.</p>



<p id="9123">On the contrary, all transactions on the blockchain stay anonymous while the entire transaction process is managed and executed through smart contracts. These days, many centralized exchanges now require users to complete a Know-Your-Customer (KYC) phase, however, this is only needed for fraud detection and money laundering. The entire transaction processing interface never involves revealing a user’s identity.</p>



<h2 id="f082"><strong>Identity Fraud and Theft</strong></h2>



<p id="2847">It is near impossible for identity-related fraud to be committed on the blockchain. The reason for this is already explained under anonymity. No user information is ever known, making it impossible for such a crime to happen in the first place.</p>



<p id="9f86">On the flip side, identity fraud and data vacuuming is not new to banks and other traditional financial institutions. Banks store user data in a central location and ATM cards typically contain details that can be exploited by fraudsters to commit identity theft and identity-related fraud.</p>



<p id="2cc3">It only takes a smart hacker to get lucky and break into the system of a bank for such a person to steal user information for their heinous act.</p>



<h2 id="c43c"><strong>Are Cryptocurrencies a Better Form of Payment?</strong></h2>



<p id="5811">Cryptocurrencies offer better forms of payment compared to traditional banks. Cryptocurrency is fraud-proof, faster, cost-effective, and also protects the identity of users.</p>



<h3 id="2373"><strong>Conclusion</strong></h3>



<p id="8413">From all levels of analysis, it is quite evident that crypto payment infrastructures far outweigh traditional banks and neo-banks in terms of the services offered and cost-benefit analysis. As crypto adoption continues to grow around the world, we can only watch to see the numerous benefits of cryptocurrencies over traditional banks. Cryptocurrencies will overtake banks, it is only a question of when.</p>



<p id="04d9">To learn more about IvoryPay, feel free to use the links below:</p>



<p id="483c"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


As the adoption of cryptocurrencies continues to grow around the world, their benefits are fast becoming evident for both individuals and businesses.

<strong>5 Key Reasons Crypto Payment Solution is Better than Traditional Banking</strong>


<p id="68f2">As the world gets more digital, consumer preferences continue to change with time. No place is this more evident than the embrace of digital shopping where consumers can make purchases from the comfort of their homes. The outbreak of Covid-19 has further gravitated the world towards ‘online’ and has increased the appetite for digital goods such as NFTs.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*UiP_gWdTW-6f_FyO6Py-9g.jpeg" alt="what-is-a-digital-storefront"/></figure>



<h3 id="2fcf"><strong>TL;DR</strong></h3>



<ul>
<li>A digital storefront is the entry point into the web presence of a business</li>



<li>Digital storefronts offer personalized experiences to consumers</li>



<li>It is an embodiment of a business, its brand, and its services</li>



<li>Modern digital storefronts offer intuitive experience and tools to customers to help them navigate a platform</li>
</ul>



<h2 id="f49b"><strong>Entry Point to a Business’ Web Presence</strong></h2>



<p id="75b1">What are the inherent characteristics of a physical retail store? You should expect a signpost outside that indicates the existence of the business. Along with this, it is quite common that the description will give a clue into what the store is all about. This way, potential customers can easily locate the store and know what to expect upon entry.</p>



<p id="42e8">Upon entry, a customer is able to see products on offer in the store perfectly stacked and arranged as the store deems fit. To find what is not easily visible, the customer then approaches the storekeeper who then helps to discover the hidden item. A satisfied customer then makes a payment and walks out happy.</p>



<p id="574f">Digital storefronts are no different. They are digital representations of businesses and the services they render or the product they sell. A digital storefront is indicated by the URL address of the website and upon landing, it opens customers up to the different offerings available. Customers will be able to easily note how efficient a business is right from the homepage. They can see products on display along with their price tag and any other details. They could also make payments if they find what interests them by using the payment options made available by the business. To learn more about payment options for businesses, you can read our article using&nbsp;<a href="https://ivorypay.medium.com/explaining-ivorypays-payment-solutions-for-businesses-a0e876c0d46e?source=user_profile---------2----------------------------">this link</a>.</p>



<h2 id="f79b"><strong>Personalized Experience</strong></h2>



<p id="c0ba">One of the advantages that digital storefronts have over physical retail stores is that they can be used to offer personalized services to customers. When a customer walks into a physical store, they can only sift through what has been arranged on shelves. With digital storefronts, businesses are able to display products to customers based on their interests and preferences.</p>



<p id="1f9b">Through specialized tools, businesses can easily improve the experiences of users by displaying the items and products that come close to what they need based on their previous store visits.</p>



<p id="7029">This could boost the revenue of the business, and help it retain customers by improving the overall user experience.</p>



<h2 id="ec8a"><strong>Intuitive User Experience</strong></h2>



<p id="e866">Yet another advantage of digital storefronts. Digital storefronts now have intuitive capabilities that further ease user experience. Built-in tools such as search buttons help customers to search for specific items (remember there is no physical storekeeper). Customers can also enjoy support features such as chats and can also resolve issues by filling query forms, sending emails, or placing direct calls. All of these could easily be done from the comfort of a customer’s home.</p>



<h2 id="4152"><strong>IvoryPay’s NFT Storefront for Creators</strong></h2>



<p id="22ec">IvoryPay is set to launch an NFT storefront for digital art creators. With the storefront, creators will be able to enjoy personalized and customizable storefronts where they can display their digital artworks and market to a global audience.</p>



<p id="c35a">Creators will be able to set up shop and deploy tools to enhance collectors’ shopping experience. They will also be able to simplify payments for collectors by integrating different payment options that IvoryPay offers such as payment buttons and checkout. Creators will also be able to offer collectors multiple paying currencies to simplify payment collection.</p>



<h3 id="0637"><strong>Conclusion</strong></h3>



<p id="5161">Digital storefronts are here to stay and their relevance will only continue to increase as the global population continues to gravitate toward digital technology.</p>



<p id="5975">To learn more about IvoryPay, feel free to use the links below</p>



<p id="e8d4"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


Digital storefronts are no different. They are digital representations of businesses and the services they render or the product they sell.

What is a Digital Storefront?


<p id="cfc4">A crypto payment gateway is merely the physical outpost of an entire infrastructure that facilitates payments. It makes it possible for businesses to simplify transactions for customers and ease customers’ online or in-store experience.</p>



<figure class="wp-block-image"><img decoding="async" src="https://miro.medium.com/max/875/1*FNC3D3hMGcU2nMMrhmU3Kw.jpeg" alt="how crypto payment gateway works"/></figure>



<h3 id="9bc6"><strong>TL;DR</strong></h3>



<ul>
<li>Crypto payment gateways offer multiple options with which customers can connect to complete payments</li>



<li>The payment gateway also connects to the payment processor which ensures the movement of funds from customer accounts to a business’ account</li>



<li>IvoryPay’s payment gateway processes cryptocurrency for clients and also enables them to make withdrawals in both cryptocurrencies and fiat</li>
</ul>



<h2 id="6745"><strong>IvoryPay’s Crypto Payment Gateway Solution</strong></h2>



<p id="b29f">A crypto payment gateway solution such as IvoryPay enables businesses to deploy different physical options to accept payments from their customers. Businesses on IvoryPay can deploy payment checkouts, buttons, QR Codes, and payment links for easy customer transaction completion.</p>



<p id="b748">The crypto payment gateway is a physical infrastructure that can be attached to clients’ online platforms and is easily relatable to customers. With this gateway, customers can simply click, connect their preferred crypto wallet option, and complete transactions within the twinkle of an eye. The entire process is seamless and straightforward.</p>



<h2 id="45fa"><strong>The Role of Payment Processor</strong></h2>



<p id="1033">Crypto payment gateways are quite popular, but underneath the infrastructure lies the payment processor. The payment processor is the infrastructure that immediately connects a customer’s information to the chosen wallet option. From there, the processor confirms that a customer has the amount charged in the wallet, and then proceeds to transfer the sum into the business’ destination wallet address.</p>



<p id="cee8">The payment processor confirms payment with a business’ API, then checks the transaction as complete upon verification, sending a success report from the backend to the payment gateway which the customer can relate to. Upon the completion of a transaction, the entire process is tagged successful.</p>



<p id="1746">In essence, it is easy for users to relate with a payment gateway, but they have to rely on the payment processor to run the transaction and complete the entire payment process.</p>



<h2 id="ac73"><strong>IvoryPay is Tailored to Business Needs</strong></h2>



<p id="7775">IvoryPay has an elaborate ecosystem that is designed to help businesses adjust to the needs of their customers. The infrastructure enables businesses to deploy a combination of payment gateways that is convenient for their customers and they could also accept payments in their preferred crypto coin. This could be in stablecoins such as DAI, USDT, and USDC, or in the platform’s native token —&nbsp;<strong>IVRY</strong>.</p>



<p id="e42a">At the backend, businesses have the luxury of choosing to make withdrawals either in cryptocurrencies or to their local bank account. Businesses could also make emergency withdrawals when the need arises.</p>



<p id="2a23">As part of IvoryPay’s business solution, it also enables businesses to make borderless payments if, and when the need arises. This helps businesses to eliminate all forms of restrictions on free trade and international transactions.</p>



<h3 id="c02b"><strong>Conclusion</strong></h3>



<p id="a7c7">Payment processing is a system that goes beyond payment gateways. In the real sense, payment gateways are what they are programmed to be — gateways and entry points. They serve as the channel that connects end users to a formless infrastructure that facilitates the entire payment processing network.</p>



<p id="6e58">To learn more about IvoryPay, feel free to use the links below</p>



<p id="b987"><a rel="noreferrer noopener" href="https://twitter.com/ivorypay" target="_blank">Twitter</a> | <a rel="noreferrer noopener" href="https://www.instagram.com/ivorypay.io" target="_blank">Instagram </a>| <a rel="noreferrer noopener" href="https://www.linkedin.com/company/ivorypay/" target="_blank">LinkedIn </a>| <a rel="noreferrer noopener" href="https://t.me/ivorypay" target="_blank">Telegram</a></p>


A crypto payment gateway is merely the physical outpost of an entire infrastructure that facilitates payments.


<p id="61ea">Payment gateways are technologies that enable consumers to make payments for goods or services they procure. The gateway serves as the physical interface that begins a chain of processes with the end goal of accepting payment for a merchant or business.</p>



<h3 id="123e">TL;DR</h3>



<ul>
<li>Payment gateways process payments from customers to businesses</li>



<li>Payment gateways could take different forms depending on the nature of a business</li>



<li>Crypto payment gateways are fast emerging as the preferred payment means in consumer-facing businesses</li>
</ul>



<h2 id="9baf">All About Payment Processing</h2>



<p id="28ec">Payment gateways are technologies that help businesses to accept payments from their customers without the resort to cash payment. It is a form of electronic payment system that offers a physical interface with which customers can directly make payments for the goods or services enjoyed.</p>



<p id="d348">Payment gateway solutions have been evolving over the years with new innovations emerging with technology. Earlier forms of gateways required magnetic strips and paper signatures to authorize payments. However, over time the paper signatures have been adequately replaced by Personal Identification Numbers (PIN) which is made possible by the advent of microchip technology. These days a consumer only needs to provide their card details and enter their PIN to complete a transaction.</p>



<p id="977d">In all, payment gateways only process money, in whatever form that might be. We will discuss this in detail in a later section.</p>



<h2 id="89b3">Payment Gateways could take Different Forms</h2>



<p id="a045">Technological development has also meant that payment options have been refined to further meet consumer tastes. Nowadays, consumers have the luxury of choosing from options (if available) that they could use to make payments. Broadly, a payment gateway could take two forms depending on the nature of the business that uses it. There are in-store payment gateways and online payment gateways.</p>



<p id="8a64">The in-store payment gateway usually involves a Point-of-Sale (POS) terminal for customers to complete their transactions. Typically, the POS connects to the internet and links the customers’ data as contained in the microchip of the debit or credit card to the destination account (merchant account) for the onward processing of transactions.</p>



<p id="9230">Online payment gateways could take different forms. They could be deployed in the form of checkout ( as often seen on the checkout page of eCommerce platforms), payment buttons, payment links, and in recent times QR codes. Usually, this version of the gateway is integrated using the&nbsp;<a href="https://www.investopedia.com/terms/a/application-programming-interface.asp" rel="noreferrer noopener" target="_blank">Application Programming Interface</a>&nbsp;(API) that links the merchant’s online platform with the gateway infrastructure.</p>



<h2 id="48a7">The Advent of Crypto Payment Gateways</h2>



<p id="0868">In recent times, consumers are beginning to embrace cryptocurrencies as a means of settling online purchases. As the demand for cryptocurrencies as a means of payment continues to grow, businesses are starting to adopt and integrate crypto payment gateways to accommodate these new demands.</p>



<p id="cb10">Although the space is relatively young, still it is worth mentioning that cryptocurrencies bitcoin, DAI, TUSD, USDT, and USDT are increasingly being accepted as means of payment globally. In fact, some&nbsp;<a href="https://www.euronews.com/next/2021/12/04/paying-with-cryptocurrencies-these-are-the-major-companies-that-accept-cryptos-as-payment" rel="noreferrer noopener" target="_blank">prominent global brands</a>&nbsp;are known to have made the move to start accepting cryptocurrencies as payments. Chief among these brands are Starbucks, Tesla, Microsoft, and more.</p>



<p id="728b">This points to the growing importance that cryptocurrencies are having on a global scale and it is important for businesses to begin to integrate crypto payment gateways into their business.</p>



<h3 id="4ac3">Conclusion</h3>



<p id="a667">This article has helped shed light on what a payment gateway is, how it functions, the different ways it could be deployed by businesses, and how crypto payment gateways are fast emerging based on recent trends in user tastes. It is possible that more gateway payment options will become available to consumers in the near future, but for now, all signs point to crypto gateway solutions as the next frontier for business payments.</p>



<p id="a3d0">To learn more about IvoryPay, feel free to use the links below</p>



<p id="766d"><a href="https://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">Website</a>&nbsp;|<a href="https://twitter.com/ivorypay" rel="noreferrer noopener" target="_blank">Twitter</a>&nbsp;|&nbsp;<a href="https://www.instagram.com/ivorypay.io" rel="noreferrer noopener" target="_blank">Instagram&nbsp;</a>|&nbsp;<a href="https://www.linkedin.com/company/ivorypay/" rel="noreferrer noopener" target="_blank">LinkedIn&nbsp;</a>|&nbsp;<a href="https://t.me/ivorypay" rel="noreferrer noopener" target="_blank">Telegram</a></p>


Payment gateways are technologies that help businesses to accept payments from their customers without the resort to cash payment. 

<strong>What is a Payment Gateway and How Does it Work?</strong>


<p id="0255">Times are changing and so are consumer needs and expectations. Any business that wishes to be successful in this present dispensation must be willing and able to offer unique, smooth, and seamless experiences for consumers who are always on the look for the easiest way to solve their problems without compromising on the quality of the product or service received. For this reason, it has become imperative for online businesses to simplify payments for their customers alongside a seamless purchase journey.</p>



<p id="c647">Over the last decade, we have seen the emergence of payment processing gateways and infrastructures such as Stripe, Paystack, and the likes, offering businesses a lifeline in terms of payment facilitation and order completion checkouts. However, since the emergence of blockchain and cryptocurrency, the payment landscape is once again changing as consumers have begun to embrace the benefits and unique features of blockchain technology such as low cost of transaction, anonymity and data protection, faster transaction processing speed, and the ability to step-side restrictions and financial regulatory constraints.</p>



<p id="5d2b">It is already evident that the gravitation toward crypto mainstreaming will only continue to grow and it is imperative for every business that wishes to stay relevant in the long term to integrate the most reliable crypto payment gateway to their platforms in order to attract and retain more customers, and also expand their business to a global customer base.</p>



<p id="d53c"><a href="http://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">IvoryPay</a>&nbsp;is a crypto payment gateway solution that aims to integrate small, medium, and large-scale businesses into the new payment system that is poised to sweep the world of online commerce. It also hosts an NFT marketplace for creators to sell their unique non-fungible tokens and accept payments on the go. Explore the unique features of the IvoryPay crypto payment gateway below.</p>



<h2 id="9587">Value Proposition</h2>



<p id="a7e9">IvoryPay is much more than just a payment gateway that processes cryptocurrencies, it is a project that is strategically built to solve payment problems and offer businesses the tools and infrastructure needed to scale and stay competitive.</p>



<p id="9c3f">Within this framework, IvoryPay has four thought-out value propositions at its core. The project aims to:</p>



<ul>
<li>Create more spend use cases for cryptocurrency which will further drive the adoption, proliferation, and usage of cryptocurrencies in everyday business interactions</li>



<li>Drive financial inclusion of the underbanked and unbanked in emerging markets in Africa, Asia, and the rest of the world.</li>



<li>Improve monetization options for businesses and creatives through the IvoryPay storefront and;</li>



<li>Create a payment infrastructure that supports unrestricted business expansion into emerging markets, while making funds available to facilitate business growth through decentralized finance (DeFi).</li>
</ul>



<h2 id="a6f3">The Ivory Experience</h2>



<p id="f30f">IvoryPay is a crypto payment infrastructure that offers bankless transactions for online businesses. Its main aim is to connect businesses to a decentralized network, bridging businesses with consumers, and creating the most seamless way to receive cryptocurrencies as payments.</p>



<p id="809f">IvoryPay’s unique product suites include the following:</p>



<h2 id="f16b">Crypto Payment Suite</h2>



<p id="b845">You could deploy IvoryPay’s infrastructure to accept cryptocurrencies as payments from customers wherever they are in the world. IvoryPay could support your business with instant payment solutions such as checkouts, payment links, integrated payment buttons, and QR codes, thereby providing your customers with the luxury of making payments in the most convenient form.</p>



<p id="d89f">You could also automate the receipt of recurring payment expenditures with IvoryPay. This gives room for subscription-based businesses to eliminate the stress of manual recurring payment processing.</p>



<p id="1b25">The crypto payment suite comes with features listed below;</p>



<p id="93ec"><strong>Business Wallet</strong>: IvoryPay offers your business the opportunity to manage all of its revenue and funds from within an elaborate business wallet. Wallet addresses are generated instantly with just a single click to enable businesses receive payments in all the stablecoins we offer without needing to leave the payment suite.</p>



<p id="89f8"><strong>Stake and Earn</strong>: Put your idle funds to use by staking on IvoryPay. Right from within your IvoryPay dashboard you could commit a portion of your revenue to IvoryPay’s verified crypto yield and staking pool to earn more. You are earn APY based on your chosen staking duration. As a business, you could decide to stake in any of the acceptable stablecoins on the platform (USDT, USDC, and DAI). You could also stake and earn using IvoryPay’s native token ($IVRY). You should note that staking $IVRY give businesses an opportunity to earn even more APY.</p>



<p id="f7d6"><strong>Defi Loans</strong>: As long as you are one of IvoryPay’s business partners, you could also obtain loans on the platform at a low-interest rate. No need for complex paperwork and unending bureaucracies, your loan request will be processed and confirmed in just a few minutes. You should note that eligibility for loans and the amount obtainable are based on monthly generated revenue and the number of IVRY tokens held. Businesses can either request for loans on stablecoins or in IVRY tokens. Loans in IVRY token however have lower interest rates.</p>



<h2 id="278a">NFT Storefront</h2>



<p id="039a">The IvoryPay Storefront is designed for creators of all kinds. You could mint and sell your unique digital assets such as texts, images, audio, and videos, as NFTs. It is the most comprehensive and dedicated NFT storefront with an inbuilt payment gateway to ease payment receipt for creators. Easily customize your storefront with pre-built templates, display your unique collections, and receive payment without fuss.</p>



<p id="50ff">The storefront is designed for individual creators and businesses who wish to showcase and properly monetize their work before a global audience. The IvoryPay storefront is embedded with the following distinct features;</p>



<p id="3a6f"><strong>Payment Gateway</strong>: As expected, the NFT storefront has been integrated into the IvoryPay payment infrastructure, creating a seamless process for creators to accept payment for their NFTs.</p>



<p id="e4a7"><strong>Prebuilt Templates</strong>: choose from our collection of pre-built templates to get your storefront up and running in no time.</p>



<p id="b2c1"><strong>NFT Auction:</strong>&nbsp;Easily put your NFTs up for auctions right within your storefront, and watch as collectors place bids for your assets. You could set a starting bid price and can conclude auctions as you see fit.</p>



<p id="b903"><strong>Free Minting</strong>: All creators with Ivory storefronts are eligible for free NFT minting. However, the eligibility on the number of IVRY tokens you hold.</p>



<h2 id="e2e6">IVRY Token</h2>



<p id="2ada">The&nbsp;<strong>IVRY</strong>&nbsp;token is the utility token of the IvoryPay ecosystem. It has $IVRY as its marker and could be used for a number of instances.</p>



<p id="4d5f"><strong>Staking</strong>: IVRY token holders are eligible to stake their tokens in the IvoryPay pool to earn a high-percentage APY than what they would if they kept the revenue in the bank. Typically, staking IVRY has the highest percentage returns on the platform.</p>



<p id="7f95"><strong>Discounts on Purchases</strong>: Holders of IVRY tokens are eligible for up to a 20% discount whenever they make purchases on any of IvoryPay’s partner platforms. This is also applicable for purchases made on all IvoryPay’s NFT storefront as well.</p>



<h2 id="bab5">Join Our Waitlist</h2>



<p id="a499">IvoryPay is currently in the first phase of its development roadmap. If you wish to follow the development and evolution of this promising project, you could join our waitlist and be one of the first set to be notified of our distinctive milestones.</p>



<p id="1f93">You can also follow us across all our social channels by simply clicking the links below:</p>



<p id="f262"><a href="https://www.ivorypay.io/" rel="noreferrer noopener" target="_blank">Website</a>|&nbsp;<a href="https://twitter.com/ivorypay" rel="noreferrer noopener" target="_blank">Twitter&nbsp;</a>|&nbsp;<a href="https://www.instagram.com/ivorypay.io" rel="noreferrer noopener" target="_blank">Instagram&nbsp;</a>|&nbsp;<a href="https://www.linkedin.com/company/ivorypay/" rel="noreferrer noopener" target="_blank">LinkedIn&nbsp;</a>|&nbsp;<a href="https://t.me/ivorypay" rel="noreferrer noopener" target="_blank">Telegram</a></p>


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