If you’re one of the 6.3 billion smartphone users across the world, there’s no getting around using mobile apps. Even something like navigating through your phone’s settings involves using an app.
To succeed in mobile app development, you’ll have to differentiate yourself from thousands of competitors. Focusing on security is a great way to do so. This is especially true when it comes to something like an Android eCommerce app.
People will only make a purchase if their information is safe. Building apps on blockchain can help establish security and convenience, but not everyone understands how to get started.
We’ve created a brief guide that illuminates the most important information. Let’s explore what you should know.
Understand How Payment Gateways Work
Before moving forward, it’s imperative to understand how blockchain payment gateways work. When a customer makes a purchase, they often input their financial information into the merchant’s website. These are known as self-hosted payment gateways, as users don’t leave the site when inputting financial data.
Hosted payment gateways redirect users to another page where they can provide banking or card information. This information is then sent to a payment processor, which sends this information to a bank.
The bank sends the money to the merchant account once the sale is cleared. Keep this info in mind, as it will help you better understand the Android eCommerce app payment gateway.
Benefits of Blockchain Technology
Traditional payments lack privacy. Crypto-based payments allow users to stay anonymous. These payments are also notably secure.
This is something to keep in mind, as the cybercrime industry is estimated to cost the world over $10 trillion USD annually by the end of 2025. Cryptocurrency also has no international restrictions, making it easy to work with foreign customers.
Merchants often have to charge additional fees to users who use cards for online purchases. Having block technology in place lets people use crypto and avoid unnecessary fees. This can substantially increase your brand’s reputation.
Getting Started
It’s imperative to conduct proper research before you get started. Have a strong understanding of your needs so you can take the best course of action. You should also consider your target audience.
Are your users likely to use crypto to make purchases? It wouldn’t make sense to invest in establishing a blockchain payment gateway if nobody will use it.
Working with a professional is also highly recommended. They have the tools and resources to help you start your project.
Research their past reputation so you know what to expect. This will provide insight into the experience you’ll get. Consider looking for a developer that offers access to artificial intelligence (AI) tools.
Companies like Builder.ai eliminate the need for comprehensive tech knowledge. AI tools are also highly efficient and cost-effective. As long as they have a reliable expert to guide you, companies like these are a great opportunity.
Don’t Neglect Building Apps on Blockchain
Using blockchain technology is a great way to integrate payment solutions while keeping them secure. Building apps on blockchain is something you should never overlook. From here, you’ll take your app’s performance to greater heights than you anticipated.