Bitcoin Payment Processor Selection Made Simple
Businesses need a Bitcoin payment processor in order to start accepting the digital currency. Bitcoin payment can benefit both business owners and their customers. There are several different Bitcoin payment processors to select from.
“Online and physical businesses can accept Bitcoin payments through a Bitcoin payment processor. Bitcoin payment processors convert Bitcoin to the fiat currency of the merchant’s area or their own choosing. The processor integrates a Bitcoin payment option to a business’ retail site. Customers who visit the site simply click on a button that might say ‘Bitcoin payment’ or select ‘Bitcoin’ in a list of payment methods. When the site receives the Bitcoin payment, the processor converts the Bitcoin into a fiat currency and deposits it to the merchant’s account.”
How do Bitcoin affiliate programs work?
People who have a high ranking website or are knowledgeable in driving traffic to a website can take advantage of a Bitcoin affiliate program. A brand pays an affiliate every time people they refer visit the website and makes a deposit or purchase.
“When an affiliate joins an online casino’s Bitcoin affiliate program, they will receive a unique referral URL. This URL acts as a gateway toward the casino through an individual’s website, email signature, or social media accounts. The affiliate earns money when a paying customer uses the URL to visit the Bitcoin casino and spends their bitcoins in it.”
Cryptocurrency guide to Bitcoin friendly Denmark
Denmark recently made Bitcoin legal in the country. Business owners who transact with Bitcoin will not be regulated. There are a number of Bitcoin exchanges that operates within the country. These exchange sites allow people to buy and sell Bitcoins.
“In December 2013, The Financial Supervisory Authority (FSA) of Denmark states that Bitcoin will not be part of their regulatory authority. The FSA will not stop anyone from opening a Bitcoin business in the country. The tax board of the county will also not tax Bitcoin transactions. This is due to Bitcoin not having any physical form like gold or silver.”
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South Korea Bitcoin Adoption Plan for 2017
South Korea is looking to integrate Bitcoin to their economy. Their financial task force is working on a set of regulations based on other countries regulations for the digital currency. The country has a number of methods for people to buy and sell Bitcoins.
“South Korea is looking to have a set of regulation and licensing parameters for Bitcoin in 2017. The South Korean government has been looking for a systematic groundwork plan for cryptocurrency adoption for a long time. Currently, South Korea does not recognize Bitcoin as a currency and is not regulating it nor have they placed any restrictions on using the digital currency.”