Need a Bitcoin to Fiat payment gateway apps.

[Ojima-ojo]

Hello everyone, in recent time I have had the need to make international transactions to Fiat accounts, this have faced a lot limitations and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.


Have there been any development as such, please if there is , let me know, thank you for your sincere response and comments.

[EL MOHA]

There are some bitcoin/crypto payment gateways that allow you to receive bitcoin and then in app you convert to fiat but one big problem is that most of them actually requires KYC, the most frequent names I have come across or the btcpayserver.org and coingate.com. I think you can simply ask depending on the fiat currencies you want to convert to. For Africans one crypto to fiat currency gateway that I have used there is chipper cash, it receives bitcoin/crypto and converts to your local currency, but KYC is a big challenge seriously

[Ojima-ojo]

There are some bitcoin/crypto payment gateways that allow you to receive bitcoin and then in app you convert to fiat but one big problem is that most of them actually requires KYC, the most frequent names I have come across or the btcpayserver.org and coingate.com. I think you can simply ask depending on the fiat currencies you want to convert to. For Africans one crypto to fiat currency gateway that I have used there is chipper cash, it receives bitcoin/crypto and converts to your local currency, but KYC is a big challenge seriously

You mean receiving payment to your own bank account, or being able to send money in the local currency to any Bank accounts with, I don't mind KYC any ways I understand have Centralized platforms works as regards to regulatory compliance.

[Youngrebel]

Op you can check settlepay app and willtrade settlepay is for cryptocurrency to fiat and willtrade is to trade different currency in the world and all of them can be used to pay from crypto to fiat in any country which is listed in the app. And also you can also check Remitano for that purpose. They also deal with fiat directly without third party.

[Z-tight]

and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.

This is not how crypto payment processors work. You send crypto to the merchant and it is the processor that automatically converts the funds to fiat for the merchant and deposits it into their account. I don't really know what you are trying to do, are you making international payments to a merchant? If so, they could use a payment processor to receive funds from you, or you can even convince them to accept BTC directly into their own self custodial wallet.

However, here is a list of both hosted and self-hosted BTC payment processors:
https://bitcointalk.org/index.php?topic=5444578.msg61899397#msg61899397

[pawanjain]

Hello everyone, in recent time I have had the need to make international transactions to Fiat accounts, this have faced a lot limitations and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.


Have there been any development as such, please if there is , let me know, thank you for your sincere response and comments.

Well, if someone already has their fiat bank account added on an exchange and if you send crypto their exchange address, they can then exchange the crypto to fiat and get it to their bank account.
I know that it isn't exactly the same what you want but just an alternative in case you don't find out what you are looking for.
It can act as a temporary solution to it. The best would still be to make crypto to crypto transaction and then let the end user decide whether he wants the fiat or not.

[coupable]

and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.

If you are trying to send payments to your merchants arround the world, why you don't suggest them to accept bitcoin or another major cryptocurrency? This is the most effecient easy way to send payments while preserving privacy.
Another option is invite them to create Neteller/Skrill accounts. Those two banks belong to the same company. They support major worldwide currencies and accept crypto deposits. The last time I used them i remember they accept bitcoin and bitcoincash with only 1% deposit fee. Almost all countries are supported so anyone worldwide can create an account and verify it easily.
If it's a one time payment, i see no bother to ask someone from the forum to send payments in Fiat in exchange for your crypto.

[0xSlayers]

I have a solution it may be tricky and hard to understand but still useful. You can do it with binance or other exchanges like bitget. You need to do KYC if you don't want to you can buy verified account from trusted seller (it's not recommended) but possible.

Then reloaded your account with BTC or other crypto. Then go to P2P option , Select the currency (The fiat you want to sent in other country) . Also add other country bank details (after that you have to check rules if any buyer support the bank account).

Go to sell option, choose the best price, Before you make the order you must read the rules the buyer set, after making the order the buyer will sent you the money to the bank account, double check if the money actually received and then confirm the order. and that's how you can send fiat to other country instantly.

[Odusko]

I have a solution it may be tricky and hard to understand but still useful. You can do it with binance or other exchanges like bitget. You need to do KYC if you don't want to you can buy verified account from trusted seller (it's not recommended) but possible.

Then reloaded your account with BTC or other crypto. Then go to P2P option , Select the currency (The fiat you want to sent in other country) . Also add other country bank details (after that you have to check rules if any buyer support the bank account).

Go to sell option, choose the best price, Before you make the order you must read the rules the buyer set, after making the order the buyer will sent you the money to the bank account, double check if the money actually received and then confirm the order. and that's how you can send fiat to other country instantly.

This is absolute crap and the ops shouldn't consider any thing you said above, what you described doesn't go in line with what the ops is talking about, p2p payment can only be accepted into the verified account, no buyer want to pay a third party account, so for that reason you will definitely not be able to get the exchange to act as a payment to third party bank account like we do with our banks account on local transactions.

[Odogwu-Blockchain]

Hello everyone, in recent time I have had the need to make international transactions to Fiat accounts, this have faced a lot limitations and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.


Have there been any development as such, please if there is , let me know, thank you for your sincere response and comments.

Sending Fiat currency to other bank globally, that kind of app can't be developed because other nation can't use other nations Fiat currency. You should be thinking how Bitcoin deposits from other countries can be converted to Fiat currency by the authority of the user instantly.

That would be much understandable and easy for any developer to build on.

[Cryptohygenic]

Hello everyone, in recent time I have had the need to make international transactions to Fiat accounts, this have faced a lot limitations and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.


Have there been any development as such, please if there is , let me know, thank you for your sincere response and comments.

To be best of my knowledge and experience, bitcoin can not be sent directly to bank accounts neither can you send fiat currency into crypto currency wallets. It must have to be interchanged by the exchange networks. So if you really need to do this transaction of sending funds across the border using bitcoin, then the receiver must own a bicoin wallet or probably an exchange wallet and then convert it to the fiat as provided or supported by the exchange or otherwise, you can still send the through Usdt if your aim was to emit volatility to keep the value stabled. But if there be a direct privilege to do the transaction is what I don't think it is possible.

[TastyChillySauce00]

Hello everyone, in recent time I have had the need to make international transactions to Fiat accounts, this have faced a lot limitations and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.


Have there been any development as such, please if there is , let me know, thank you for your sincere response and comments.

Closest to this is paypal account with bitcoin debit card. The other maybe crypto payment gateway that accept automatic conversion to fiat.

I don't think there are things like this exists, maybe I just didn't know but if we can just load a wallet with bitcoin and send fiat to international bank account it'd be great.
However I already did it with crypto debit card as I mentioned earlier, there's a catch tho, the fee is high.

[0xSlayers]

I have a solution it may be tricky and hard to understand but still useful. You can do it with binance or other exchanges like bitget. You need to do KYC if you don't want to you can buy verified account from trusted seller (it's not recommended) but possible.

Then reloaded your account with BTC or other crypto. Then go to P2P option , Select the currency (The fiat you want to sent in other country) . Also add other country bank details (after that you have to check rules if any buyer support the bank account).

Go to sell option, choose the best price, Before you make the order you must read the rules the buyer set, after making the order the buyer will sent you the money to the bank account, double check if the money actually received and then confirm the order. and that's how you can send fiat to other country instantly.

This is absolute crap and the ops shouldn't consider any thing you said above, what you described doesn't go in line with what the ops is talking about, p2p payment can only be accepted into the verified account, no buyer want to pay a third party account, so for that reason you will definitely not be able to get the exchange to act as a payment to third party bank account like we do with our banks account on local transactions.

First of all what OPs said is almost impossible to do in current situation. It may possible for some country but not many. So I suggest an unternative.

You said no buyer want to pay third party account. Actually when they buy crypto they don't care if it's third party or not. When it comes to selling crypto they gets more stricter. So still my method isn't wrong it can still be useful. Just choose a reputated buyer.

[Royal Cap]

If you want, you cannot easily send money directly from one country's bank to another country's bank. Although you can, you will have to spend a lot of time and trouble in this case.

However, if you want, you can transact through dollar currency through PayPal, Wise. However, I think the best solution would be to transact through USDT using a  centralized exchanger. In this case, you only have to do KYC verification.
And later, you can convert the USDT you receive into your country's fiat currency through p2p. (Since Binance is popular in our country, I use it most of the time)

[X-ray]

You can easily do something like binance pay and let the receiver withdraw to their respective bank account?

I think the withdrawal is pretty versatile with binance since they are the biggest centralized exchange as of now. You just load your bitcoin to your cex account and send to another user.

What you mentioned is still difficult to pull off in this day, we need more legitimization and regulation on many countries world wide for that to happen.

Or hear me out, just use bitcoin and treat it as a real currency knowing merchant adoption already wide.

[Ojima-ojo]

You can easily do something like binance pay and let the receiver withdraw to their respective bank account?

I think the withdrawal is pretty versatile with binance since they are the biggest centralized exchange as of now. You just load your bitcoin to your cex account and send to another user.

What you mentioned is still difficult to pull off in this day, we need more legitimization and regulation on many countries world wide for that to happen.

Or hear me out, just use bitcoin and treat it as a real currency knowing merchant adoption already wide.

Yes mate, in the last one week I have been on a research to see any legally approved payments methods, since Bitcoin is becoming the mainstream alternative to fait boundaries, and now that there have been several government and institutions investing in Bitcoin, but with zero regulatory framework that give Bitcoin scalability development to start ups.

Fin tech guy's could do something like this, but as you said there is need for trust and strong regulations, to get and enforce complaince to terms of service.

[knowngunman]

Yes mate, in the last one week I have been on a research to see any legally approved payments methods, since Bitcoin is becoming the mainstream alternative to fait boundaries, and now that there have been several government and institutions investing in Bitcoin, but with zero regulatory framework that give Bitcoin scalability development to start ups.

Fin tech guy's could do something like this, but as you said there is need for trust and strong regulations, to get and enforce complaince to terms of service.

I don't know how other people understand this but I still find it hard to grabbed what you really want. The way I understand your initial message is like you want a system that allows you to load your wallet with Bitcoin but also allow you to send fiat directly if you want make payment and debit you from your bitcoin wallet? Correct me if I'm wrong

If my assumption is correct, then I still see no big deal here. The only barrier here is having limited companies that accept bitcoin as a form of payment. As far as we have enough companies accepting it as a form of payment, you don't necessarily need to pay via fiat.

[BitMaxz]

There are some bitcoin/crypto payment gateways that allow you to receive bitcoin and then in app you convert to fiat but one big problem is that most of them actually requires KYC, the most frequent names I have come across or the btcpayserver.org and coingate.com.

btcpayserver.org doesn't have a feature to auto-convert or convert BTC into fiat. You will need 3rd-party plugins for this to convert BTC into fiat; it's not controlled by BTCPayServer. The only plugin that offers this is Strike, and this one requires KYC and only supports BTC to fiat.

This will be the right thing that OP needs because it can send globally, but the problem that I heard to some users about strike the spread is higher compared from big exchanges. So it's not worth it for low payments unless OP is willing to risk.
Other than that I don't see any other bad reviews using strike.

[PX-Z]

... I have had the need to make international transactions to Fiat accounts, this have faced a lot limitations and I kind of thought that Bitcoin could play alternative, this way you load the wallet with Bitcoin and then be able to send fait to others bank accounts globally.

You don't need payment gateway, but an exchange that supports your bank. Well, some exchange supports WISE and SEPA transfers that could be use to transfer to your bank. But cons are, transactions won't reflect real time. While P2P is the other cheaper way to do it using some exchange p2p platform.

[rat03gopoh]

So still my method isn't wrong it can still be useful. Just choose a reputated buyer.

CEXrs don't offer a fiat transfer option; they only offer fiat withdrawals, requiring users to complete multiple verification steps just to add a local bank account (and this may be limited). This isn't efficient, especially if you want to pay multiple people from the same country.