What is the CoinGate API and how does it work?

The CoinGate API is an advanced gateway integration provided by the CoinGate platform for businesses that wish to incorporate cryptocurrency payments into their services. It operates by allowing merchants to seamlessly create and manage invoices, track orders, and handle real-time billing with support for various cryptocurrencies. Merchants can integrate this API directly into their website or app back-end, enabling them to automate payment processes, convert received cryptocurrencies into fiat currencies like USD or EUR if they choose, and benefit from up-to-date blockchain exchange rates. The CoinGate API simplifies the integration of crypto payments, making it more accessible for businesses to tap into the growing market of digital currency users without needing extensive blockchain technology expertise.