More than 2.5 million businesses and users from 182 countries will accept Defis XGM cryptocurrency as a payment method

DeFiS [XGM]
2 min readJul 17, 2020

While the previous Defis Mystery Box was opened and the listing announcement came from Hotbit, one of the top 25 largest exchanges according to coingecko, the 2nd Mystery Box with CoinPayments listing will force more than 2.5 million businesses and users from 182 countries to accept XGM as a payment method.

CoinPayments is the first and largest payment processor for cryptocurrency. After CoinPayments integration Defis adoption will get a huge boost and XGM will be available as a payment option for more than 10,000 online merchants! In addition XGM can be used to purchase gift cards on the platform. There are over 250 UK and US gift cards available on CoinPayments including hundreds of retailers like Adidas, Best Buy, Hulu, Lowe’s, Nike, and Uber in industries such as dining, fashion, lifestyle, entertainment, and electronics.

In addition to the great integrations available for merchants, CoinPayments has a vast array of other features:

Multicoin Wallet

XGM will be integrated in CoinPayments Web wallet and Mobile App wallets (iOS, Android) that can be used to store and exchange cryptocurrencies.

Vault Service

This is a cold storage alternative to the standard wallet that mentioned above. If you would prefer not to store your own coins and private keys online then you can make use of the CoinPayments Vault service.

Point-of-Sale System

Through the simple CoinPayments interface merchants are able to accept in-person payments for their goods and services.

Dozens of Shopping Cart Plugins

CoinPayments offers shopping cart plugins for all the popular web shopping carts (OpenCart, Shopify, WooCommerce, VirtueMart and others)

Automatic Coin Conversions

CoinPayments can automatically convert some coins to fiat currency or other coins, without any hassles, saving you both time and money. This is done through their ShapeShift integration.

Fiat Currency Settlement

For those merchants who are located in the US and in the European Union, you can get seamless fiat integration where USD and EUR can be sent directly to your bank account.

CoinPayments Fees

Nearly all incoming payments and deposits are subject to a fee of only 0.5%.

Website: defisystem.io

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