AppKit for Payments: Simplifying Transactions for Businesses
In web3, payments remain a crucial yet complex area, requiring web2 UX but web3 features to drive adoption. Businesses integrating crypto payments often struggle with fragmented wallet connections, inconsistent user experiences, and operational inefficiencies. AppKit for Payments transforms these hurdles into opportunities by offering multi-chain support and frictionless integrations, ensuring that self-custodial payments work smoothly for both businesses and users alike.
AppKit for Payments is the key to the best UX for payment providers, e-commerce, travel, checkout pages, and much more regarding handling payments.
How Businesses Are Winning with AppKit for Payments
In this case study, we take a deep dive into three businesses, Peanut Protocol, BitPay, and Dtravel each leveraging AppKit for Payments in unique ways. Despite their differences, one thing is clear: AppKit is revolutionizing crypto transactions, driving adoption, and enhancing UX for these key players in crypto payments.
Peanut Protocol: The Simplest Way to Send and Receive Crypto
Peanut enables users to request, send, and cash out digital assets effortlessly using links and QR codes. At its core, Peanut Protocol operates via a cryptographically secure smart contract that facilitates seamless transactions:
- The sender deposits tokens into a smart contract vault.
- A unique URL containing a secret is shared with the recipient.
- The recipient unlocks the funds using the embedded secret.
Key Features:
- Supports all token types (native assets, ERC-20s, ERC-721s, ERC-1155s).
- Compatible with 20+ EVM chains.
- Enables gasless transactions for an enhanced user experience.
BitPay: Bringing Crypto Payments to Mainstream Commerce
BitPay is a leading payment gateway that enables users to buy, sell, store, and spend cryptocurrency while allowing businesses to accept crypto payments.
How BitPay Works:
- Converts cryptocurrency into fiat (e.g. USD, EUR) to simplify merchant adoption.
- It offers a bill pay service so you can pay off your auto loan, mortgage, credit card, and more with crypto.
- Allows users to buy crypto instantly with credit or debit cards.
Dtravel: Decentralizing Vacation Rentals
Dtravel is a peer-to-peer vacation rental ecosystem designed to eliminate excessive fees and centralized control from OTAs like Airbnb. Built on Nite Protocol, it ensures direct booking without intermediaries.
Why Dtravel Stands Out:
- Significantly reduces booking costs for travelers.
- Empowers property owners with full control over listings.
- Offers seamless multi-chain wallet connectivity for payments.
The Payment UX Challenge
For businesses, ensuring smooth transactions across wallets and chains is critical. Many encountered friction during user onboarding, leading to lower conversion rates. The challenge wasn’t just enabling payments, it was making them as effortless as web2 payments.
Common Issues Faced by Businesses:
- Users abandon transactions due to complex wallet interactions.
- Poor UX on devices (Especially on Mobile) causing lost payments.
- Difficulty integrating crypto payments alongside traditional methods (credit cards, PayPal, Apple Pay).
"Users come with their own wallets, so it's crucial they can connect and transact without friction."- Peanut Protocol
"If a transaction takes too many steps or feels insecure, users may abandon the process altogether."- BitPay
"We wanted vacation rental operators to offer crypto payments as easily as traditional options." - Dtravel
The Solution: AppKit for Payments
Trusted by thousands of businesses and millions of users, and used worldwide across gaming, DeFi, social, and marketplaces, expanding AppKit’s focused efforts of scaling web3 UX into payments was a natural next step. AppKit adapts seamlessly to the payments space, providing frictionless wallet connectivity, multi-chain support, and trustless transactions.
Seamless Integration with AppKit
Despite differing business models, Peanut Protocol, BitPay, and Dtravel all saw improved user onboarding, simplified integration, and multi-chain compatibility with AppKit. AppKit fitted into their existing infrastructure and caused minimal friction.
Key Benefits of AppKit Integration:
Frictionless Wallet Connections: Users can pay with their preferred wallets in a single tap. Multi-Chain Compatibility: Supporting Ethereum, Solana, Bitcoin, and 20+ networks. Seamless Merchant Integration: Works alongside existing web2 payment methods.
AppKit for Payments: What were the results?
Peanut Protocol: 10X transaction growth, better retention & engagement. Dtravel: Increased adoption of crypto payments among rental operators. BitPay: Higher transaction success rates and fewer user support requests.
Measurable UX Improvements with AppKit
All three companies, Peanut Protocol, BitPay, and Dtravel, saw significant improvements in user experience and operational efficiency after integrating AppKit for Payments. BitPay eliminated manual address entry and QR code friction, allowing users to complete transactions in just a few taps, while also reducing support inquiries related to wallet compatibility. Dtravel benefited from expanded wallet connectivity options, making it easier for travelers and rental operators to transact seamlessly. Meanwhile, Peanut saw a major UX upgrade, especially on mobile, an area that had previously been a challenge for crypto transactions.
Future-proofing: AppKit for Payments
“It is our belief that overall SaaS adoption in Europe will increase in the coming years, and as a consequence, so will embedded payments.”- UBS EMEA Payments & FinTech Research
AppKit isn’t just responding to the current needs of businesses and consumers, it’s shaping the future of payment infrastructure. With the rapid growth of SaaS-led payments, open banking, and decentralized finance, the lines between traditional finance and web3 are blurring. As UBS highlights, embedded payments are on an upward trajectory, with SaaS platforms driving the next wave of financial innovation.
The Evolution of Payments: Open Finance & Digital Currencies
- UBS EMEA Payments & FinTech Research
Financial systems are evolving beyond current banking structures. Open finance is enabling programmable money, decentralized identity, and smart contract-driven payments, expanding what’s possible for users and businesses alike.
CBDC Development: With 134 countries, representing 98% of global GDP, exploring Central Bank Digital Currencies (CBDCs), the digital asset ecosystem is becoming an unavoidable force in global finance. As UBS states, “Stablecoins account for 70% of the transactions on the blockchain.”, proving that onchain payments are not just experimental, they're the future.
Blockchain as an Equalizer: Driving Financial Inclusion
Blockchain technology isn’t just about efficiency, it’s about access. With Stripe’s USDC-based cross-border payments reaching 4.4 billion people across 110+ countries, digital currencies are expanding financial inclusion for underbanked and unbanked populations.
This means AppKit is positioned at the forefront of this transformation, enabling businesses to integrate onchain payments, open banking, and embedded finance seamlessly, bridging today’s payment needs with tomorrow’s financial ecosystem.
AppKit for Payments is a Game-Changer
From eliminating wallet friction to driving higher adoption, AppKit for Payments is revolutionizing how businesses accept crypto transactions. Whether it's streamlining checkout flows, enhancing wallet connectivity, or reducing operational inefficiencies, AppKit delivers a seamless, web2-like experience for web3 payments.
For Peanut Protocol, BitPay, and Dtravel, integrating AppKit has resulted in faster transactions, fewer abandoned payments, and a smoother overall UX. By empowering businesses with multi-chain support and frictionless integration, AppKit is shaping the future of decentralized payments.
Are you ready to simplify crypto payments for your business?
Explore AppKit for Payments today and elevate your payment experience.
