Within the last few years, Bitcoin (BTC) has become an incredibly popular currency, and not a day goes by without making headlines. More and more people learn about Bitcoin and its many benefits for consumers, merchants, and national economies every day. But despite its seeming ubiquity, not everyone is familiar with Bitcoin’s algorithm or how a Bitcoin transaction works. CoinPayments explains the inner workings of a simple Bitcoin transaction below and provides a foundational vocabulary for understanding the crypto market and Bitcoin network. Important Definitions For Understanding a Bitcoin Transaction…
Read MoreDay: September 15, 2021
How To Accept Bitcoin for ECommerce
Introduction Bitcoin is almost synonymous with the rise of cryptocurrency in the public imagination. From its humble beginnings in 2009 to its bumps and staggers until 2017, when it truly became the giant it is today, it has always been an intriguing case study in cryptocurrency. It is the most popular cryptocurrency, so then comes the question: what can you do with it? Well, unsurprisingly, you can use it as currency. Business owners need to consider accepting Bitcoin and other digital currencies on their eCommerce platform. This article will explain…
Read MoreSet Up An Ethereum Wallet: Tips and Tricks
Ethereum is an extremely popular cryptocurrency. As one of the many cryptocurrencies available today – among them Bitcoin, Litecoin, Dash, Ripple, and Dogecoin – it was originally developed to help with cloud-based processing to execute code. However, it is now one of the most popular cryptocurrencies traded and mined today. If you are considering setting up an Ethereum wallet, there are some tips and tricks to know that will help you figure out what’s best for you. Let us take the guesswork out of setting up a crypto wallet for…
Read MoreWhat is a Merchant Account and How to Open One
Merchant Accounts Defined Understanding all the complexities of business management isn’t easy. But a merchant account is essential for running a smooth and secure establishment. A traditional merchant account is a commercial bank account specifically for businesses to make and accept electronic payments. Essentially, merchant accounts allow companies to accept credit and debit card transactions, among other forms of electronic payments. But how exactly does a merchant transaction work? And why is a merchant account needed for a business to accept electronic payments? How Does a Merchant Account Work? When…
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