Gate.io, one of the world’s leading cryptocurrency trading platforms, has announced the launch of its payment gateway called Gate Pay.

As the exchange announced, the Gate Pay offshoot is its latest attempt to deepen its resolve to foster the mainstream adoption of blockchain and crypto technologies.

Gate.io said that Gate Pay will bring CRYPTOCURRENCIES as a means of payment for private merchants and companies as a whole at no cost. Considering the assets involved, such users may be required to pay a network fee, depending on which of the 21 cryptocurrencies you currently support with the service.

“Gate Pay is our next big commitment to further cryptocurrency adoption. It will bridge the gap between Web 3.0 and everyday life, lowering the barriers for users and merchants to fully utilize cryptocurrencies,” said Dr. Lin Han , CEO and founder of Gate. .io.

The Gate Pay technology trading platform will be accessible to the more than 12 million users it has amassed over the years. Of the current 21 digital assets it supports, the exchange has assured that the Gate Pay team will support an additional 130 cryptocurrencies in the near future.

The new service is a departure from its main trading offerings that it extended to institutional investors in May. Exchanges have been known to launch their payment forks to supplement their push into the e-commerce world in general. For Gate.io, however, it hopes to add other value-added services over time, including the switch to C2C transfers and promotional flyers, among many other things.

“From launch to subsequent evolutions, Gate Pay will become an important step in promoting the use of cryptocurrency. To achieve this, Gate.io will constantly innovate new product concepts to enrich Gate Pay functions,” said Feng. Zhou, director of Gate. Pay, Gate MiniApp.

Uquid.com, a Web 3.0 eCommerce platform, is a pioneer in embracing new payment equipment.

Image Source: Shutterstock