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Tag: merchants

Why Spending Bitcoin is a Good Idea (Especially if You Think They’ll Become Worth More in the Future)

Category: Bitcoin, Commentary, Finance, News

Why Spending Bitcoin is a Good Idea (Especially if You Think They’ll Become Worth More in the Future)

Patrick van der Meijde is one of the founders of Arnhem Bitcoin City and BitKassa. In this guest post, Patrick outlines why spending bitcoin is actually a good idea. “I don’t want to spend my bitcoins, because I believe they’ll become worth more in the future.” This may sound logical for a lot of bitcoin hodlers, but as one of…

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Menlo Ventures Going in With BitPay’s $40 Million Financing Round

Category: Business, Finance, News

Menlo Ventures Going in With BitPay’s $40 Million Financing Round

We’re still in the early days of actually using cryptocurrencies for anything besides investment assets. The continued expansion of the crypto-scene will require more mainstream use of the currency in ways outside of the standard buying and selling on the dips and peaks of the volatile new market. One of the larger companies making this foray into real use cryptocurrency…

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Coinbase Commerce API Makes Peer-to-Peer Shopping Possible

Category: Altcoins, Bitcoin, Business, Finance, News

Coinbase Commerce API Makes Peer-to-Peer Shopping Possible

Coinbase announced the launch of the Coinbase Commerce API on April 3, which makes it easier for merchants to accept cryptocurrencies as part of their existing e-commerce solution. The API (Application Programming Interface) enables the merchant to automatically generate the option of paying with cryptocurrency and use the infrastructure provided by Coinbase; a seamless adoption which doesn’t require them to…

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CoinGate and PrestaShop Sign Partnership to Provide Crypto Payments Solutions to 80,000 Merchants

Category: Altcoins, Bitcoin, Business, Finance, News

CoinGate and PrestaShop Sign Partnership to Provide Crypto Payments Solutions to 80,000 Merchants

Bitcoin and other cryptocurrencies are still seen as speculative investments and hardly as actual currencies that could be used to facilitate transactions like the purchase of items online. The speculative element has seriously hampered the adoption of cryptocurrencies in mainstream finance, and many merchants are unwilling to accept crypto payments.  Many logistical and operational difficulties come with using cryptos for…

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Bitcoin’s Usefulness for Payments is Rapidly Decreasing, But Maybe It’s Not a Bad Thing

Category: Bitcoin, Commentary, News

Bitcoin’s Usefulness for Payments is Rapidly Decreasing, But Maybe It’s Not a Bad Thing

As a means of payment in everyday online shopping, bitcoin has become a disaster, after it failed to scale with demand. As a digital gold or a new asset class, however, Bitcoin performs excellently. Maybe we can close the case, as to what Bitcoin really is. If you tried to pay something worth less than $100 with bitcoin in the…

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Op-Ed: My Dental Appointment: No Bitcoin? Ouch!

Category: Commentary

Op-Ed: My Dental Appointment: No Bitcoin? Ouch!

The past five days have not been pleasant amid the discovery that I have a painful tooth infection. So yesterday I finally decided to overcome my denial regarding the seriousness of this and go to see a dentist. In the dental office lobby wrenching in pain while completing what seemed like a sea of new patient forms, I happened to…

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Bits for Diamonds: Bucking the Merchant Acceptance Trend

Category: Bitcoin, Business, News

Bits for Diamonds: Bucking the Merchant Acceptance Trend

According to a new report from JPMorgan as seen in Bloomberg and Business Insider, merchant acceptance of bitcoin, the world’s leading digital currency, is at an all-time low. Out of the top 500 internet portal, only three accept bitcoin, down from five last year. That decline according to the report signals a “striking discrepancy” to the explosive climb in the…

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Bitcoin-Accepting Merchants’ Cookies Threaten User Anonymity

Category: Bitcoin, News, Tech

Bitcoin-Accepting Merchants’ Cookies Threaten User Anonymity

Researchers at Princeton University have published a paper that highlights the privacy issues of making cryptocurrency payments at online merchants that use browser cookies to collect user data. The paper’s findings suggest that bitcoin users lose much of the digital currency’s anonymity when shopping online. Transactions can be linked to user identities through the very commonplace use of third-party trackers….

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After Misleading Users, BitPay is Being ‘Forked’

Category: Bitcoin, Business, News

After Misleading Users, BitPay is Being ‘Forked’

A backlash against BitPay for misleading users has resulted in their software being forked, meaning its code will be altered so that users have a Bitcoin Core based option for bitcore. On August 18, Bitcoin developer Nicolas Dourier begun to fork the code from BitPay’s bitcore so that merchants can get paid in bitcoin while avoiding upgrading to SegWit2x, which…

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Countr POS To Add Bitcoin Payments For More Than 3,000 Merchants

Category: Bitcoin, Business, Finance, News

Countr POS To Add Bitcoin Payments For More Than 3,000 Merchants

Countr POS, a Dutch company based in Amsterdam providing point of sale software for more than 3,000 merchants in Europe, has announced a strategic partnership with Coinify, a blockchain payment service provider (bPSP), to allow customer payments in 14 cryptocurrencies including bitcoin, ether, litecoin, dogecoin, and others. In addition to allowing Countr POS to offer a wider variety of alternative…

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