Coingate
Revenue
$5M → $10M
SAB web helped Coingate to scale the business by adding the new source of payment - customers from Magento stores.
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CoinGate is a leading cryptocurrency payment gateway that facilitates the seamless integration of digital currencies into online businesses. With a user-friendly platform and a comprehensive suite of services, CoinGate empowers merchants to accept, store, and transact in various cryptocurrencies, enhancing flexibility and expanding payment options for both businesses and their customers. The company's innovative solutions contribute to the widespread adoption of cryptocurrencies in the e-commerce landscape, providing a secure and efficient bridge between traditional and digital financial ecosystems.
Headquarters
Vilnius, Lithuania
Founded
2014
The main idea that Coingate preaches
Their mission is to revolutionize the way businesses transact in the digital economy. We are committed to providing a seamless and secure gateway for cryptocurrency payments, empowering merchants and users alike to embrace the future of finance. Through cutting-edge solutions, we aim to foster widespread adoption of cryptocurrencies, making transactions more accessible, efficient, and transparent. At the core of our mission is the vision of bridging traditional and digital financial ecosystems, ensuring that everyone can benefit from the advantages offered by the evolving world of blockchain technology.
Coingate sought our expertise to develop a payment module that facilitates cryptocurrency transactions. Recognizing the growing demand for digital currency payments in the e-commerce landscape, our collaboration aims to provide a seamless and secure integration within the Magento platform. This tailored payment module will empower merchants to embrace the future of finance, offering customers the flexibility to make transactions using cryptocurrencies. Our partnership with Coingate underscores our commitment to pioneering innovative solutions at the intersection of technology and finance.
Tech stack
Team
CTO
PHP developer
Frontend Dev
SAB web successfully engineered a Magento extension enabling cryptocurrency payments. This innovative extension seamlessly integrates with the Magento platform, allowing users to make payments using cryptocurrencies. One notable feature of this integration is the real-time display of currency exchange rates directly within the payment module interface. This ensures users have transparent and up-to-date information during the payment process, enhancing their overall experience and promoting confidence in cryptocurrency transactions.
Our module is compatible with all Magento versions starting from 2.1, and it is optimized for seamless performance with the latest versions, specifically 2.3 and 2.4.
Implementation timeframe
3 months
Maintenance
1 year
Our developed extension goes beyond facilitating cryptocurrency payments on Magento; it also streamlines additional financial tasks. With our solution, users can effortlessly create invoices, specify payment statuses, and seamlessly process refunds. This comprehensive functionality enhances the overall efficiency of financial transactions within the Magento platform, providing users with a complete and integrated solution for managing their payment processes.
Implementation timeframe
0,5 months
70+
crypto coins
among which are Bitcoin, Litecoin, Ethereum, Dogecoin, and XRP
Coingate is mainly focused in the USA and Europe markets.
We meticulously documented our progress using Confluence, outlining completed tasks, achieved milestones, and projected deadlines for upcoming phases. These reports included a thorough history of the Bitbucket repository, and we maintained consistent communication with the client through weekly calls to offer a comprehensive overview of the project's progress.
