Reflecting on Radom

Radom Network is a self-custodial payment infrastructure for Web3, empowering businesses to seamlessly integrate cryptocurrency payments. As we approach the anniversary of our investment into Radom, we want to reflect on how they bring value to their customers through their pioneering solution.

A 2022 Deloitte survey found that 75% of businesses polled had plans to accept cryptocurrency. This is not surprising as vendors integrating cryptocurrency payments solutions report twice the average transaction size on crypto-tendered purchases, with approximately 40% of payees being new customers. Businesses incorporating competing solutions have reported an ROI of 327% on integration costs, as well as huge savings on fees associated with traditional payments processors. Given the increasing interest in digital assets as tender, we envisage long-term growth in the cryptocurrency payments processing market.

Be that as it may, the difficulty of payments integration remains a major limiting factor in the adoption of blockchain technology. Radom offers the most comprehensive, elegant, and capital-efficient solution for accepting crypto payments. Their no-code solution offers a way for businesses to cheaply accept crypto payments through popular platforms such as Shopify, with a familiar interface that feels comfortable for Web2-native customers. With 30 second withdrawals and 0.5% fees on payments, they outperform competitors on both measures.

A user’s payments experience is fully within the control of the vendor, as Radom’s widgets and checkout menus can be implemented and customised without a single line of code. Additionally, sales analytics are automatically tracked and clearly visualised, giving business owners the data they need to make informed decisions. Radom also employs the first solution for recurring payments such as subscriptions or standing orders within crypto, compatible with most non-custodial crypto wallets.

Thanks to this wide set of largely unique offerings, Radom offers businesses the best tools for adapting in an evolving marketplace. As investors in Radom, we aim to support and drive the infrastructure that will enable businesses to thrive in this environment.