According to recent statistics from Statista, there are over 9,000 cryptocurrencies in existence while some data suggests the number is as high as 23,000. The interest in digital tokens and blockchain has really boomed in popularity over the last five years but the technology has been around for a lot longer. Perhaps the most renowned cryptocurrency, Bitcoin, was initially released back in 2009 and we have since seen the birth of numerous other popular coins, including Ethereum, Tether, Litecoin, and XRP, as well as a number of fad or ‘meme’ coins, such as Dogecoin. The world of cryptocurrency can be exciting, but navigating the different exchanges and wallets to make payments can be a hassle. This is where crypto payment aggregation platforms come in.

What are crypto aggregators?

Acting as a central hub for all things crypto payments, aggregation platforms can connect you to multiple crypto exchanges and wallets, pulling data from various different areas of the internet, such as prices, trading volumes and more, that allow users to:

• Compare rates: Easily compare fees and exchange rates across different platforms before making a payment.
• Consolidate transactions: Initiate payments directly from the aggregator platform, eliminating the need to transfer funds between wallets and exchanges.
• Simplified management: Keep track of all your crypto payment activity from a single interface.

A one stop-shop

Crypto payment aggregators allow you to save time and efforts, streamlining the transaction process, and also making it easier to compare fees and exchange rates to ensure you’re getting the most out of your crypto payments. By tracking all crypto payment activity in one place, there is a clear overview of transactions. The data is usually presented in a clear and organised way, often through tables or charts, offering an easy-to-understand summary of all activity. Most aggregators support a variety of cryptocurrencies, giving the end-user the flexibility to choose the one that best suits their needs.

Hub88 and crypto

Hub88, has long supported the use of cryptocurrencies through our platform, with our parent company Yolo Group operating crypto casino Bitcasino.io and sports betting brand Sportbet.io, bringing next-level innovation to gaming through blockchain-based operators. To further cement our focus on digital currencies and its potential, we recently rolled out HubWallet. Available through the Hub88 platform, HubWallet supportsboth fiat and crypto currencies, from Ethereum to Bitcoin and everything in between. We created one simple gaming wallet giving full banking and crypto support that takes all the headaches out of the exchange. Our operator partners can swiftly pay suppliers using a low-cost currency exchange, allowing them to focus on more important tasks. Hub88 is at the forefront of innovation and we believe that crypto payments are the future and offer a fantastic alternative to fiat currencies. There is so much more potential to explore around digital currencies that fit perfectly into the evolving nature of the gambling industry and we’re excited about what’s to come.