The history of Bitcoin looks very mysterious. An anonymous author, Satoshi Nakamoto, launched his first digital currency. Up to this day, It’s unknown who or what Nakamoto is — whether an individual or a group of unknowns. What is crypto? How to accept cryptocurrency payments? This is a thing on the agenda today.
This is a currency with no central bank or government organization behind. A strange digital currency whose customers were initially sellers and service providers — terms such as Darknet and Silk Road were quite common. Today’s day is different.
The following article shows all possible ways to accept cryptocurrency payments as well as helps you to find out where you can actually use your bitcoins. Let’s get started!
Why You Should Accept Cryptocurrency Payments: Anonymous Security
What is the best cryptocurrency to accept payments? Let’s try to find out further. What every cash critic is talking about is security. Cash is one of a few payment methods that cannot be controlled.
Bitcoins, or generally most cryptocurrencies, work on the same principle. Although they’re digital, they always leave a trail. However, an underlying principle of blockchain is so complex that it’s generally considered to be much safer than any other digital payment method — such as an ordinary card payment. Do you still wonder why you should accept cryptocurrency payments? Why this way is that popular?
Well, such anonymity affects ordinary people. Does a bank need to know everything? Online workarounds are the best ones in case you don’t have enough time to wait for cash on delivery at your front door.
Today, Bitcoin is a more secure, increasingly widely accepted means of payment where only a payer and recipient know about a transaction made.
How to Accept Card Payments with a Cryptocurrency Wallet?
How to accept card payments with a cryptocurrency wallet? Well, today, there are many ways. More and more companies started to accept bitcoins & cryptocurrency payments. Let’s consider some of them!
Pizza & Fast Food
Despite all the price ups and downs, Bitcoin is a fairly valuable currency. Currently, a single Bitcoin is worth around 10,970 US dollars. However, this doesn’t mean that you can pay for expensive things only with a small number of coins.
That brings us to food deliveries, specifically pizza. Lieferando made a name for itself around two years ago. A delivery service offered an option of paying for meals with Bitcoin. According to their own statements, primarily to turn gamers, who are more inclined to cryptocurrencies, into a larger target group. However, there are still a lot of Bitcoin owners. That is, they can not only order their pizza online but also pay anonymously.
By the way: Burger King, Subway, and KFC seem to have already taken the first digital coin steps in other countries and accept cryptocurrency payments online.
Online Casinos
Casino games in the digital world have enjoyed fantastic growth rates in recent years. However, providers and players face a problem that also exists in e-commerce — that is, widely accepted payment methods possible. If necessary, this could be achieved in another way. But due to globalization, the number of people who trade national currencies or offer their services is also growing.
Moreover, there are fluctuations in exchange rates, conversions, etc. And of course, online casinos are also a special case because they involve large sums that are paid in and out. To protect yourself against loss of investment, there should be no doubt about security.
Bitcoin solves this problem. And the number of Bitcoin casinos is growing steadily. One currency for all users, high anonymity, and the highest level of security.
Classic Online Shopping
For a long time, online shopping was somewhat against crypto coins. Especially when it comes to big business players. The situation has changed a bit. Amazon made a big bang in 2019. The mail-order giant announced that it would also accept payments in cryptocurrency in the future.
What had been a surprise for many customers had been clear to initiates for a long time — Amazon had applied for a patent a year earlier. The technology behind it should facilitate an assignment of customers and crypto accounts.
But Amazon is just a tip of a crypto iceberg. Etsy, Shopify, Overstock also accept bitcoins. Even with a ‘Chinese Amazon’, Alibaba, it seems to be only a matter of months. The platform started at the end of 2019 with at least paying customers credit in bitcoins — for example, when something was ordered but returned. This must be only a small step towards full acceptance of cryptocurrencies.
Have you ever paid with cryptocurrencies? Just share your experience in the comments!
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