Crypto Payment Gaps Leave Businesses Vulnerable to Market Volatility

Businesses that accept cryptocurrency payments often face a problem: their value can drop significantly between receipt and conversion. This is known as the 'payment gap', where the difference in value between the time of payment and conversion can be substantial.

A recent example illustrates this issue. If a business receives $1,000 worth of Bitcoin (BTC) and leaves it untouched for several days, its value could drop 15% to around $850 by the time it is converted. This may not seem like a large loss on one transaction, but repeated across thousands of monthly payments, it can add up.

Trybit has developed a solution to this problem with automatic conversion directly into its crypto payment infrastructure. Businesses can set preferred conversion rules for each currency, allowing incoming payments to be exchanged into a selected stablecoin when the transaction confirms.