What is Bitcoin and Cryptocurrency?

At a high level, Bitcoin (and Cryptocurrency in general) is an electronic currency which operates outside of the “normal” banking system.  It’s popularity can be linked to several things including:

• lower transaction fees
• fast and secure transactions
• recent growth in value

Owning Bitcoin

To own (or accept) Bitcoin, people need a Cryptocurrency wallet for which to store their digital currency(ies).  These wallets allow Bitcoin owners to pay with Bitcoin, buy more Bitcoin, or convert their Bitcoin right back to US Dollars.  We’re here to help you navigate Bitcoin and Cryptocurrency, and what it could mean for your business.

Accepting Bitcoin as a form of Payment

There are really just a couple of reasons to consider offering to accept Bitcoin as a form of payment.  One, it is increasing in popularity and so lots of people own it.  And two, it gives you the option to leave payments as Bitcoin for as long as you like and therefore are invested in Bitcoin. Recall from above that Bitcoin can be quickly converted back to US Dollars whenever you want.

So if and when you’re ready, we’ll get you all setup to accept Bitcoin as a form of payment.