ECommPay Partners with GoCoin for Bitcoin, Litecoin and Dogecoin Payments

ECommPay will enable bitcoin, litecoin and dogecoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term thanks to a partnership with GoCoin.

ECommPay is a payment processor which states to have offices in Russia, Ukraine, Latvia, Belarus, Cyprus and the United Kingdom (UK). It says it is regulated by the UK's Financial Conduct Authority (FCA).

Its stated offerings include payment processing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. The company lists about two dozen partners.

GoCoin is the third largest crypto payment processor after Coinbase and BitPay, and the largest to offer integration with altcoins. Last year, it added support for Litecoin and Dogecoin. One of its more recent partnerships was with Ziftr, a service which says to offer a crypto and credit card payments platform, a loyalty program with its own digital currency, and a wallet.

GoCoin is hoping that the partnership will help increase the transaction volume it processes. Like with its larger competitors, it is possible that transaction volume has not grown significantly over the past year. Likewise, the number of merchants beginning to accept bitcoin for payment has tapered.

The announcement lauds Bitcoin as a payment method, noting that chargebacks, a major pain point for payment processors, are not possible. Also highlighted are the near-zero transaction fees, making it ideal for micropayments.