According to Cointelegraph Research, there are over 420 million cryptocurrency owners globally and more than 30,000 companies that accept cryptocurrency payments, noting an increase in the number of new customers by up to 40%. Integrating cryptocurrency as a payment method has become a critical aspect in business development and gaining the trust of potential consumers on a global scale.

Digital currencies have been a driving force in the evolution of the financial sector and have transformed the business environment, thanks to a range of unique advantages:

  1. decentralization - cryptocurrencies are not controlled by central authorities, minimizing the risks of manipulation and external interference;

  2. speed and cost-effectiveness - payments are processed much faster than traditional bank transfers and usually with lower fees;

  3. transparency and security - thanks to blockchain technology, all transactions are open to verification and cannot be altered once completed;

  4. global accessibility - cryptocurrency transfers can be made from any country without restrictions or additional costs.

Thus, cryptocurrencies today serve as an attractive alternative to traditional money, helping entrepreneurs expand their geographical reach and enhance the efficiency of financial transactions. However, it is crucial to understand that in working with crypto payments, the stability and reliability of payment solutions (cryptocurrency processing systems) are the only keys to success. The FlawlessMLM team strives to utilize the best available solutions and tools so that our clients do not have to worry about payment delivery and acceptance at any convenient time.

Challenges in working with crypto payments

The foundation of every cryptocurrency payment system is the node, a point in the blockchain network that performs the functions of receiving, distributing, and storing data about each transaction. A node synchronizes transactions with the blockchain, ensuring their accuracy and up-to-dateness. Once, we encountered a challenge: during the technical maintenance of the node, payment processing temporarily became unavailable, creating a threat to the halt of important business processes or even entire companies.

On the path to resolving this issue, we had to address several key challenges:

  1. unreliability of a single node - if the main node failed, the entire system would stop, which is unacceptable for a business that depends on continuous payments;

  2. need for additional nodes - to ensure service continuity, it was necessary not just to add a backup node, but to create a structure capable of distributing the load between multiple nodes;

  3. synchronization and security - switching between nodes required a high level of synchronization and had to ensure complete data security.

As a result, we developed a crypto processing system that includes multiple nodes for load balancing and uninterrupted operation of the payment service. The load balancer allowed us to evenly distribute the processing of all incoming and outgoing payments among the nodes, ensuring their optimal use and eliminating overload issues as the number of transactions grows.

Additionally, our nodes are inaccessible to external connections or requests from unauthorized users. Therefore, our clients are securely protected from DDoS attacks and other malicious actions that could jeopardize client data or service stability.

Thanks to our comprehensive approach and the implementation of load balancing for all payment gateways, we have achieved a system where, in the event of a single node failure, the service continues to operate without interruptions. This setup allows our crypto processing to remain available 99.99% of the time (which translates to only 52 min. and 56 sec. of downtime per year), ensuring users a reliable and secure way to receive payments in digital currency. Contact us in the chat and we will provide more details on how to safely integrate cryptocurrency payments into your business.