Crypto exchange PayBito launches white-label cryptocurrency solution in India
Cryptocurrency exchange PayBito expands its business in India by offering a white-label product.
Fri, 24 Jul 2020, 05:15 am UTC
Despite cryptocurrency’s regulatory uncertainty in India, crypto firms continue to expand their business in the South Asian country. One of these optimistic firms is the Fremont, California-based crypto exchange PayBito, which is now offering crypto solutions to India’s entrepreneurs and local businesses.
PayBito, which just launched its trading operations in India, is now offering white-label cryptocurrency solution to India’s enterprises, according to CrowdfundInsider. The white-label payment processing software is said to be the company’s most sought after solution.
A white label product is a service or product that is produced by one company that is rebranded by another company and market it as its own. The advantage of this setup is that a business doesn’t have to waste time, money, and effort to develop a brand new product or service, according to Investopedia.
One advantage of PayBito’s white label cryptocurrency solution is that it is highly customizable. Businesses can easily alter the logo, design, feel, and look to match it to their brand’s identity.
Crypto firms can readily integrate PayBito’s payment processor into their existing system in place to enhance their performance. It is an advanced system that allows firms to easily complete payment transactions in a cost-effective manner, which makes it useful not only for crypto exchanges but also for those in the retail sector that accept payments in cryptocurrencies as well.
“Besides exchanges, cryptocurrency payments have become quite mainstream, especially in the retail sector,” Paybito Exchange managing director Raj Chowdhury said in a press release. “Having an advanced and scalable crypto payment processor with a robust underlying infrastructure helps enterprises to ensure functionality and efficiency of the transactions along with enhanced security of the same.”
PayBito enumerated some of the perks businesses can have by availing of its white-label payment infrastructure. For instance, enterprises can “access to a tried and tested sophisticated payment infrastructure which one can market under their brand name by making necessary changes.” They can also look forward to their integration with top shopping carts accepting cryptos and will have the capability to accept payments in major cryptocurrencies.
They can also rely on PayBito’s experience when it comes to cybersecurity. “Having an advanced and scalable crypto payment processor with a robust underlying infrastructure helps enterprises to ensure functionality and efficiency of the transactions along with enhanced security of the same,” the company said.
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