Is it possible to accept fiat currency through your gateway and automatically convert it to crypto in the backend.
I have an E-commerce business and want to sell my products. I would like to use this solution and accept fiat currency from client at the front end, but in the backend have it converted to crypto and deposited in my account/wallet. I don’t want the customer to know what conversion or how it happened in the backend. They just pay for the product and receive their product not knowing what happens in the backend
In short, it is not possible to do a conversion from fiat to crypto without the customer knowing it with ATLOS, and we are not aware of any other payment solutions that does something like that.
The long explanation is that accepting fiat payments and converting them to crypto involves a lot of compliance. It typically requires the user to pass the KYC check, which introduces a lot of friction in completing the payment. There’s also compliance on the merchant side, as most fiat payment processors have a narrow list of industries that they can accept payments for.
Your best bet is to inform you customers about ways how they can obtain crypto if they don’t have it yet. Also, from our experience, many users already have crypto, and many even prefer paying with crypto.