Copperx – payment API for businesses

Many people have realized the importance of cryptocurrencies for payment or investment. We are seeing a massive surge in the use of crypto in regular transactions. However, many businesses and companies still hesitate to adopt cryptocurrencies despite growing users.

Why should companies accept crypto payments?

Accepting crypto payments enables the company to enter a larger market and access a new customer base. There is over $1 Trillion worth of crypto market and around 420 million users. Enabling crypto payments opens a gate to a broader range of customers.

On the other hand, crypto payments require fewer fees and are quicker than traditional transactions. Your company can save up to 25% of funds due to meager fees. Additionally, your company can go global from day one! Cryptocurrencies function without centralized authority so you can trade with anyone worldwide without intermediaries.

Introducing: Copperx

Copperx allows businesses to seamlessly integrate crypto payments into their existing applications. It makes it easier for companies to accept crypto payments without requiring much understanding of blockchain networks.

Whether you are running a Saas, E-commerce store, or business of any scale, Copperx allows you to easily accept crypto payments. You can accept crypto payments, generate payment links for others to pay you, and create invoices. Furthermore, you can reach out to the team if you have niche requirements for your business.

The USP of Copperx lies in its ability to provide businesses with a secure and seamless way to accept cryptocurrency payments. Copperx's APIs make it easy for businesses to integrate blockchain-based payments into their existing products or services. Its dashboard provides real-time analytics and reporting to help businesses track payments and manage crypto transactions.

What problems is it solving?

Cppperx aims to make crypto payments accessible for all. With its simple and secure payment gateway, businesses can easily accept payments in crypto without any complexity or risk.

Let's discuss six major problems Copperx is solving.

Security

There are a lot of risks associated with crypto transactions. Accidentally sending payments to the wrong address is the most significant risk. Crypto transactions are irreversible, so funds cannot be recovered if sent to the incorrect address.

Copperx provides a secure payment gateway with advanced encryption and authentication mechanisms to protect against fraud and theft.

Payment Reconciliation

Payment reconciliation is the process that ensures all account records are valid, consistent, and up to date. Businesses accepting crypto payments must reconcile payments across multiple wallets and exchanges. Payment reconciliation has to be done delicately, or it can become hazardous with financial reporting and auditing.

Copperx offers a centralized analytics and reporting dashboard, making it easy to track payments and generate reports for payment reconciliation.

Slow settlements & off-ramping

Businesses can not risk slower transactions. They need transactions to be completed as early as problems. Another issue is the off-ramping of funds. Off-ramping means converting crypto assets back to fiat currency. Slower settlements and difficulties with off-ramping can lead to less cash flow and hinder businesses' growth.

Copperx provides an efficient payment infrastructure that enables faster settlements and off-ramping funds.

Vulnerabilities in smart contracts

Even though smart contracts are self-executing, attackers can still exploit their vulnerabilities. Hence, copperx audits and secures smart contracts.

Copperx provides audited and secure transactions for businesses and individuals alike. Soon, it will also employ Anti-money laundering policies to ensure that transactions are legitimate and compliant with regulations.

Lack of payment options

Despite the growing popularity of cryptocurrencies, many businesses still do not accept them as payment. This limits the options available to customers who prefer to pay with cryptocurrencies.

Copperx addresses this problem by providing businesses APIs with the ability to accept payments in multiple cryptocurrencies. The platform currently supports Bitcoin, Ethereum, USDC, USDT, and more. Copperx allows companies to accept payments on numerous networks, including Ethereum, Binance Smart Chain, and Polygon.

Taxation and compliant-ready reports

One of the challenges of using cryptocurrency payments is ensuring that all transactions are accurately reported for tax purposes. Copperx provides that businesses can conduct their crypto transactions in a compliant manner.

With Copperx APIs, businesses can generate compliant-ready reports for their cryptocurrency transactions. These reports are designed to be easily integrated into accounting software, making it simple for companies to stay on top of their tax obligations.

In addition to generating reports, Copperx also provides businesses access to tools to help them comply with regulations. For example, the platform includes AML/KYC checks to ensure that transactions are not being used for illegal activities.

With Copperx, businesses can focus on their core operations and ensure that their cryptocurrency transactions comply with regulations. This helps to reduce the risk of costly fines and other legal problems down the line.

How does Copperx differ from the rest?

Many projects are working in the crypto payments space. But Copperx offers unique features that set it apart from all of them.

1. Multi-chain support: Copperx supports multiple blockchains, including Ethereum, Binance Smart Chain, Solana, and more, allowing users to accept cryptocurrency payments.
2. Seamless integration: Copperx's APIs are designed to be integrated easily into existing products, making it simple for businesses to start accepting cryptocurrency payments.
3. Customizable branding: Copperx allows businesses to customize the look and feel of their payment pages to match their branding, providing a seamless experience for customers.
4. Invoicing and receipt generation: Copperx offers invoicing and receipt generation, making it easy for businesses to keep track of their transactions and reconcile their accounts.
5. Security: Copperx uses industry-standard security protocols to ensure the safety of users' funds, providing peace of mind to businesses and their customers.

Combining these unique features with exceptional customer support makes Copperx stand out from any other crypto payment app.

Future possibilities

Copperx is a dynamic platform constantly improving and expanding its features to meet the needs of its users. Here are some potential future possibilities and roadmap for Copperx:

1. Integrating with more blockchains: Currently, Copperx supports several popular blockchains like Ethereum, Binance Smart Chain, and Solana. However, as the crypto space continues to evolve, it may benefit Copperx to integrate with more blockchains to provide users with a more comprehensive range of options.
2. Deeper analytics and reporting: Copperx already offers a dashboard for analytics and reporting, but there is always room for improvement. In the future, Copperx may expand its reporting capabilities to provide deeper insights into payment trends and user behavior.
3. Expanded invoicing and receipt options: Copperx already offers invoicing and receipt options. Extending these features to include customization options and integrations with popular accounting software may be possible.

Wrapping Up

Copperx is dedicated to making the world of crypto payments accessible to all. It is constantly innovating to make its product even better. With Copperx APIs, businesses of all sizes can now easily accept crypto payments, opening up new opportunities and revenue streams in the exciting world of blockchain technology.

We are excited to launch Copperx through our Launchpad! Check it out here 🚀