Trocador is launching a Payment Gateway solution for stores and projects

Trocador is launching a Payment Gateway solution for stores and projects
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Hi community, it's Trocador's team again. We are happy to announce we were able to improve our AnonPay solution and we are launching a Payment Gateway for stores, blogs, and all other projects and websites that need to receive payments via Cryptocurrencies. Websites can now generate invoices in their own desired coin (for example Monero) and at the same time allow the user to choose to pay in any other coin he/she wants. This idea started because of the recent complains from people outside the community about how hard it's to add Monero payment gateways to their own projects. I'll try to explain in details how this works:

Payment mode (stores, services, etc):

  • Store asks Trocador to generate an invoice of 50 USD worth of Monero (or any other coin) to their own wallet address; store also provides their own e-mail inside the request;
  • Trocador generates a widget where the user can opt which coin he wants to use on this payment (for example Bitcoin);
  • Trocador calculates the best rate for this swap (50 USD worth of Bitcoin -> 50 USD worth of Monero) and displays the user the address where he must send those funds (a Bitcoin address);
  • The exchange does the trade and confirms it as completed;
  • User sees completed transaction and the store automatically receives an e-mail informing them about the payment;

Payment mode

Donation mode (blogs, services, projects):

  • Blog asks Trocador to generate an invoice of Monero (or any other coin) to their own wallet;
  • Trocador generates a widget where the user can opt which coin he wants to use on this donation (for example Bitcoin) and which amount;
  • Trocador calculates the best rate for this swap (amount of Bitcoin -> same amount worth of Monero) and displays the user the address where he must send those funds (a Bitcoin address);
  • The exchange does the trade and confirms it as completed;
  • User sees completed transaction and the blog automatically receives an e-mail informing them about the donation;

Donation mode

Personal payment mode:

  • User access our Payment Generator page and builds an invoice the way he wants, also providing an email in case he wants to receive updates about the transaction;
  • Trocador generates the invoice page;
  • User shares the invoice with his friend;
  • Friend pays and user receives funds in his wallet;
  • User gets email notification that the transaction is completed;

Payment Links

Our next steps:

I know this is not a complete Payment Gateway because we have not listed fiat currencies yet, but any store can already expose themselves to stablecoins if owners want. The store can, for example, ask for payment in USDT (ERC20) and at the same time allow the user to pay in Monero. If the user wants to pay in the same coin that the store wants to receive, Trocador just displays the store address, so we don't profit from it, but we send the e-mail to the store when the transaction is created.

Another cool thing is that projects can suddenly start accepting any cryptocurrency, even if they just have a Monero wallet. In my honest opinion, the future will be like this: currencies will be competing with each other and it's not up to us to force users or stores to accept one or another currency. All we need to do is allow both buyers and sellers to use their own preffered form of money. In this sense, Trocador hopes to promote the usage of Monero, which should win the battle for best money. By allowing stores to generate invoices of a certain USD amount, stores dont have to worry about the price fluctuation of their products.

At last, we are in the proccess of adding LocalMonero to our rates, and we expect to fully automate trades without needing to create a LocalMonero account, which should also foment Monero adoption. If we manage to pull this trick, Trocador might become the first Payment Gateway solution to accept P2P transactions in Fiat (as far as I know xD). Please have patience guys, we are investing our time to build something cool here. In case you find any bugs, let us know via e-mail. We'll be centralizing all Reddit communication on this account from now on.