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.…

Read More

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…

Read More

A Better Way to Pay

Understanding the difference between cryptocurrencies and your typical online payment options! As cryptocurrencies like Bitcoin and Etherium become increasingly more popular, we thought we would weigh in on the benefits of adopting cryptocurrency for your business and explore some of the differences between cryptocurrencies and traditional money. So what exactly is cryptocurrency? Cryptocurrency, also referred to as digital currency, is a digital coin that can be exchanged online. Unlike traditional money, a central bank or government does not issue the value represented by digital currency. Consumers and businesses around the…

Read More