Ondato, a tech company that streamlines KYC and AML-related processes using cutting-edge AI tools to address the full range of compliance challenges, announces that they are now accepting various types of cryptocurrency as payment for their services facilitated through CoinGate, a cryptocurrency payment gateway that offers tools and infrastructure for merchants to accept payments in more than 70 cryptocurrencies.
Consumers use cryptocurrency to pay for various goods and services, from Starbucks to Lamborghini’s, and now businesses can pay for KYC and AML services as well. Ondato explains that in order to provide customers with the most convenient ways to pay for services, they are using CoinGate’s payment tools.
According to data released by Deloitte, businesses who accept digital currencies grow their customer bases by 46% and gain a 87% competitive advantage in the market. Ondato recognized the need to provide this extra payment option so that both current customers and potential consumers in the cryptocurrency industry would have more convenience. Users will find paying directly through CoinGate from their cryptocurrency wallets easier, providing them with a quicker and even more practical solution.
Ondato Co-founder and CEO Liudas Kanapienis stated: "We are proud to be at the forefront of this new age financial revolution and look forward to working with many more clients who wish to use cryptocurrencies in their day-to-day lives. I think more and more businesses will use cryptocurrency payments over time as the market moves into the next phase of tighter regulation and less risk."
CoinGate CEO Justas Paulius welcomes Ondato, saying that "It's always a pleasure to work with companies that do not need any convincing and understand all the benefits cryptocurrency payments bring to the table. For Ondato, it's truly a step in the right direction, and we're delighted to help pave the way forward."
