CoinGate has expanded its cryptocurrency payment gateway with the addition of BitTorrent Token (BTT), enabling merchants and users to transact seamlessly with this popular token. This integration offers new opportunities for crypto-friendly businesses and BTT enthusiasts alike.
Key Features of BTT Integration
- Automatic Enablement: Merchants can now accept BTT payments without manual setup. The token is enabled by default but can be disabled via invoice settings.
- Flexible Settlement Options: Convert BTT earnings to fiat or other cryptocurrencies, or retain holdings in BTT.
- Multiple Purchase Methods: Buy BTT using SEPA/bank transfers, credit cards, Skrill, Neteller, and more.
👉 Explore CoinGate’s merchant tools
What Is BitTorrent Token (BTT)?
BitTorrent, a leading peer-to-peer (P2P) file-sharing protocol with over 100 million users, introduced BTT in 2018 after its acquisition by TRON. The token incentivizes network participation:
- Earn BTT by seeding files and providing bandwidth.
- Spend BTT to accelerate download speeds.
BTT operates alongside traditional torrent functionality, serving as an optional enhancement to the ecosystem. Tokens can be stored in a built-in wallet or traded for TRON (TRX) via decentralized exchanges.
Future Integrations
CoinGate continues to expand its supported assets, with plans to add more cryptocurrencies soon. Stay updated by subscribing to their blog.
FAQ
Q: How do merchants enable BTT payments?
A: BTT is enabled automatically—no action required. Adjust settings via the invoice menu if needed.
Q: Can BTT be converted to fiat?
A: Yes, merchants can settle earnings as fiat, crypto, or hold BTT.
Q: Where can I buy BTT?
A: Purchase BTT on CoinGate using bank transfers, cards, or e-wallets like Skrill.
👉 Learn more about crypto payments
Written by Vilius BarbaraviÄŤius, a blockchain specialist at CoinGate since 2018.
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