About adopting cryptocurrency as a payment method
Crypto-assets are digital units of exchange that work across national borders via direct asset transfer based on blockchain technology, which also serves as a platform for more complex services and interactions.
Adsmurai’s decision to adopting blockchain technology and accepting cryptocurrencies as a payment method is due to their practicality and efficiency, as well as the possibility to offer to merchants other promising services such as smart contracts.
Executing a payment to our headquarters from multiple countries, some of them, non-EU countries, can be a demanding, long-lasting, and expensive process. By the adoption of this peer-to-peer (P2P) technology, we aim to offer our customers an alternative way to effectuate national and international transactions, eliminating barriers such as international fees from conventional wire transfers and exchange costs, excluding 3rd party intermediaries, and allowing the creation of smart contracts between the merchant and us.
We currently accept Bitcoin (BTC), Ethereum (ETH), Binance Coin ( BNB ), Cardano (ADA) and Polkadot (DOT) as payment methods.
Benefits for our clients
Autonomy. Any necessity for an intermediary between two parties is removed, providing agile payment processes.
Merchant protection. Due to cryptocurrencies’ decentralized setup, merchants can access at all times to the transactions without any time limitation. Also, as a result of data encryption in the blockchain, these transactions provide merchants an additional layer of protection of their information.
Low transaction fees for International Payments. Conventional wire transfers usually involve fees and exchange costs. Considering the decentralized nature of crypto-assets, the costs of transactions with cryptocurrencies are very low & there is no need for authorization requirements and extended waiting periods.
Use of smart contracts. Via these decentralized agreements, Smart Contracts execute autonomously whenever the parameters of a prescribed program code are met, saving time, ensuring data safety and transparency between the merchant and us.
Terms and Conditions
Network transaction fees. As with nearly all cryptocurrencies transactions, the blockchain network will add a small transaction fee to the total cost of the cryptocurrency chosen by the merchant. Adsmurai has no control over this fee as it is innate to the blockchain nature, nor will receive any part of it.
Transactions are final. Cryptocurrencies transactions cannot be canceled once started. As in network transaction fees, this is inherent in the nature of the blockchain network, not a policy set by Adsmurai.
Transactions completion period. Once a transaction is submitted, it will have to be verified by the blockchain network (this verification period depends on the cryptocurrency chosen by the merchant). A transaction is not complete until it is fully verified.