A cryptocurrency payment gateway is a digital currency processor, similar to how traditional payment processors and acquiring banks handle credit card transactions. These gateways facilitate the acceptance of digital currencies, instantly converting them into fiat currency for the recipient.

As cryptocurrency gains traction in mainstream commerce, more and more merchants are accepting it as a means of payment. Payment gateways play a central role in this expansion by addressing merchants' concerns and reservations about cryptocurrencies. They simplify the process by providing a seamless payment experience with various options.

It is essential to recognize that using a digital currency payment gateway is not mandatory. Merchants can choose to use their personal wallet to accept cryptocurrency payments. However, gateways streamline the process by managing the complexities of cryptocurrency exchange and wallet management, making it a hassle-free experience for merchants.