Bitcoin is one of the popular cryptocurrencies in the world. The name “Bitcoin” has become more familiar with businessmen. Bitcoin is a cryptocurrency. It has its value and interest rate. Bitcoin has been accepted much more. E-commerce platforms like Shopify decided to accept Bitcoin as a payment method. Shopify announced that their merchants could begin to accept Bitcoin.
Merchants adopt Bitcoin integration through BitPay. It means you use BitPay service to use Bitcoin. You also can use Shopify Payments and PayPal to accept Bitcoin. Shopify’s decision comes from the real demand of merchants. If you have a store on Shopify, you can use currency convert box to exchange among currencies including Bitcoin.
What is Bitcoin?
Bitcoin is a type of cryptocurrency or digital currency. It is a peer-to-peer online financial network. Customers use it to pay for the products they buy. The bitcoin network functions without the intermediation of a central authority. The managing of transactions and the issuing of Bitcoins is carried out collectively by the network.
Reasons Shopify accepts Bitcoin
Bitcoin can be a common digital currency, so customers from all over the world can pay for it. Bitcoin acts like cash. Unlike credit card or PayPal, transactions cannot be reversed by shoppers. You can use Bitcoin wallet to pay or through local currency in the bank account. Moreover, transactions are secure at a high level.
Shopify Bitcoin payment service
So many shop owners have accepted Bitcoin payment. Customers can pay with Bitcoin if they don’t want to use other currencies. This service offers a low fee or no fee, which saves customers’ money. This is an advantage, unlike credit card payment. Transactions are secure because of safe Bitcoin network. You are able to receive payments from every country. You don’t worry about fraud or chargebacks.
This digital currency can be transferred from one country to another one within 10 minutes. The process is so fast. It doesn’t require a high fee. There is no delay.
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