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Author Topic: Newswire: When Your Paypal, Dollars, Gold and Silver Are Not Accepted what next?  (Read 295 times)

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When Your Paypal, Dollars, Gold and Silver Are Not Accepted what next? Bitcoin!
(Anne Chandler   February 07, 2013)

Quote
New, secure platform available, making global, online payment easy and without restrictions. Finally, there is a way to make online payment easy, without restrictions and limits of traditional payment networks. Bitcoin is a growing, global virtual currency popping up all over the world and accepted at more and more places worldwide. Bitcoin is the most popular peer-to-peer digital currency, and is available anywhere there is Internet access.

(Newswire.net --- January 31, 2013) Boca Raton, FL -- Cydec, based in Boca Raton, Florida is proud to announce that it is the first integrated SaaS/hosted shopping cart for BitPay, a leading gateway for the BitCoin global virtual currency .

Bitcoin is a digital currency that enables instant payments over the Internet. Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock countries out of their network. Merchants who accept Bitcoin payments can do business with virtually anyone.

While other companies like Paypal are big business, there are concerns in that they block access from over 60 countries.  Similarly, many credit card companies have restrictions as well. Access is blocked for a variety of reasons, such as higher fraud rates, politics, and other financial concerns. Until now, some users would be denied access to certain goods or services because of payment issues they can’t control. This is not the case anymore. Bitcoin can reduce the risk and cost of collecting online payments.

Until recently, bitcoins were traditionally very clumsy to transfer; but not anymore.Cydec’s shopping cart allows companies to put up a secure screen so customers can pay from anywhere in the world through it's integration with BitPay.

Bitcoin payment is even easier than paying by credit card. Payments typically process in a few seconds, less time than it takes to fill in a credit card form.  In addition, unlike other payment methods, every time a purchase is made, there are no fees that must be paid to a bank or a credit card company, especially when converting one currency to another.

Bitcoin is not under the control of any central bank or government, and is instead controlled by an algorithm.  Thus, it is safer than traditional currencies and immune to political pressures.  At a time when inflation is at an all-time high and our economic future is uncertain, it’s not surprising that Bitcoin is attracting so much attention worldwide.

WordPress recently announced their integration with BitPay, displaying its growing credibility and popularity globally.  BitPay currently serves over 1,500 businesses in more than 100 countries.

As a leading SaaS ecommerce platform, Cydec in conjunction with BitPay are making the Bitcoin virtual global currency easy and accessible to everyone, thus making history in a new digital era.

Press can contact Brett Fogle at brett@cydec.com or by calling 561-715-7302.

http://www.newswire.net/newsroom/pr/70457-When-Your-Paypal-Dollars-Gold-and-Silver-Are-Not-Accepted-what-next-Bitcoin.html

 

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