Blockchain Company, ForgingBlock to Debut DigiByte Payment Solution
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Blockchain Company, ForgingBlock to Debut DigiByte Payment Solution

February 3, 2020      Ibiam Wayas

Leading blockchain and crypto payment gateway, ForgingBlock recently announced in a blog post that it would be allowing its customers to accept payments with DigiByte (DGB) compliantly. The latest development will enable businesses and companies using ForgingBlock digital currency gateway to process payments with DigiByte efficiently, without any need for third-parties or further integration.

DigiByte support on ForgingBlock comes as part of its step in providing advanced crypto payment solutions to users, according to the president of ForgingBlock, Bobby Ma, who further explained that;

“DigiByte’s near-instantaneous transaction speeds, security against counterfeiters and hackers, and persistence in leading and adopting the latest industry technologies further enhance ForgingBlock’s user and merchant experience.”

Besides Digibyte, the crypto payment company already supports Bitcoin and Bitcoin Cash, including the U.S dollar-backed Tether (USDT), exposing businesses to a faster payment solution with cryptocurrencies.

Notably, blockchain payments are being advanced on a global scale through the use of cryptocurrency for payments. The ability to process payments faster and cheaper attracts enterprises to use them, which will eventually result in the mainstream adoption of digital currencies.

“Adoption will be made easier because ForgingBlock brings down the barrier for merchants to start accepting payments with DigiByte and other cryptocurrencies,” said the Vice-Chairman of the DigiByte Foundation, Rudy Bouwman.

At the moment, the cryptocurrency DGB is the 69 largest cryptocurrency in line with Market Cap. It sees a price change of -1.48% to worth $0.006415 (at press time), according to the data provided by Coinmarketcap.

ForgingBlock Lightning Upgrade

Cryptoknowmics reported that ForgingBlock announced two essential upgrades, ForgingBlock Merchant, and ForgingBlock Lightning last year. Following the updates, its Bitcoin payment processor featured a Lightning Public Node that will enable the creation of direct channels among Lightning Network users.

Lightning Network is Bitcoin second-layer protocol that uses micropayment channels to process transactions between two parties. Lightning Network is usually expected to make transactions and to increase Bitcoin utility.

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#Crypto News #Crypto Payment Gateway #DigiByte Adoption
Ibiam Wayas
Ibiam Wayas

Ibiam Wayas is an optimistic crypto news reporter who also enjoys tech writing. He is an introvert who spends much of his time on the internet studying facts that will help him excel in the digital/cryptocurrency space.