Latest Crypto News

Georgia is the 2nd state to propose Crypto as a tax payment method

LitePay – Launching the 26th @ 9pm Pacific time.  No card, but will launch the Merchant payment processing account

Why would a business eCommerce store, Physical location or others want to accept cryptocurrency?

It’s a new form of digital payment that is faster, cheaper, and there are millions that have it and ready to use it.

Adoption doesn’t happen overnight

Rewind back 20 years ago and try to convince someone to send an email when they could send a letter through the post office.

It just made sense, but for those not familiar it was a strange concept.

• Email or in other words a digital letter was instant and free.  There were no middleman like the post office to deal lose it or destroy it


• It still took years for people to adopt email and realize the potential

The problems of email adoption

• It was a new concept not easy to understand for those not familiar


• You had to have a special email application to receive and send


• It required you to have a special email address


• A username and password is required to send email


• Others would need your email to be able to send you email and vice versa

CryptoCurrency is plagued with the same problems

• It’s difficult to understand


• You need a special application (wallet) to send and receive


• A special address is needed to receive crypto (Public Key)


• A special key is required to send crypto (Private Key)


• Others would need your public key to be able to send you crypto and vice versa

Who would want to accept Crypto

eCommerce stores

• Selling physical products or Information

Other Internet Business

• Content Creators
  
  
  
  • YouTube, Blogs, Podcasts
  
  
  
  

Physical Brick and Mortar stores

• Grocery Stores


• Car Wash


• Restaurant

Service Business

• Bartender


• Waiters/Waitresses


• DJ’s

How to accept CryptoCurrency

Easy – 5 minutes to do it

Print QR code with public address and place on sign (LTC accepted here or BTC accepted here)

Medium Difficulty –  Less than 1 hour to do it

CoinBase Commerce

• Accept Cryptocurrency in WordPress, over email, any webpage that you can place basic html codes

Shopify

• Payment vendors such as GoCoin and others that integrate with Shopify platform to accept crypto