Should My Business Accept Crypto Payments?

Over the last few years, the crypto industry has been gaining traction. What started off as an obscure concept a decade ago with Bitcoin, has become a multi-billion-dollar industry that has started to gain mainstream acceptance. And, while the term “Bitcoin millionaire” has been getting a lot of attention, there are many other cryptocurrencies that have also made their developers millions. Vitalik Buterin, the developer of Ethereum has amassed a fortune of over $400 million. Bitcoin itself was started as an experiment in creating a decentralized, secure system for online…

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EventChain Integrates CoinPayments

We here at CoinPayments are excited to announce our new partnership with EventChain – the leading blockchain based ticketing platform and solution. CoinPayments is excited to bring our specialization in secure and reliable crypto payment processing to the world of concerts, events, and conferences through this valuable relationship. Starting on November 1, 2018, customers of EventChain can begin using the CoinPayments checkout to pay with many different cryptocurrencies, including EventChain’s own EVC token! Eventchain has provided a platform to buy tickets at fair value, without bots or scalpers affecting the purchase…

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Ways Cryptocurrency Can Positively Affect Small Businesses

Cryptocurrency provides a quick and inexpensive way to accept customer payments in comparison to the traditional method such as credit card. With every cryptocurrency payment, the pay is final which gives the merchant the power instead of the customers. There are four ways cryptocurrency can positively affect your business. No Processing Fees Traditionally, all form of digital transactions has a processing fee; however, with cryptocurrency, there is no intermediary which means that the merchant does not pay the processing fees. Cryptocurrency is a peer-to-peer transaction with no additional cost to…

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How to Accept Cryptocurrency as a Small Business

Set up Your Merchant Wallet Account As a merchant, the first step in accepting cryptocurrencies is to set up a merchant wallet account. The top merchant wallet account providers are CoinPayments.Net, Coinbase, BitPay, and CoinGate. Unique public wallet address will be provided in a form of 26–35 alphanumeric string of characters as well as an associated QR Code for your POS System. The address allows customers to send payments to your wallet. A private key will also be provided to you to help you access your wallet anytime you wish.…

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The Evolution of Money

We are going through an exciting new evolution of how money is used. Medium of Exchange (Commodities) During the period of early human civilization, any commodity that was demanded and chosen by common consent was used as a form of currency. Goods like furs, salt, rice, wheat, weapons, animals, and much more were used as an exchange which was known as ‘Barter Exchange.’ Metallic With the progress of human civilization, commodity exchange transitioned into metallic money. Metals like gold, silver, copper, nickel, and much more were used as they could…

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