Today here we will talk about Bitcoin Payment Gateway. But before we start talking about them, let’s just go through a crash course about what bitcoin is exactly. Yes, I know you guys are very much aware of what bitcoin is, but numerous people are still in the dark or have minimal idea of the whole bitcoin concept, even today. For the sake of them, for our new readers to be precise, I’ll try to give a basic, yet a concise idea of bitcoin.
What is this Bitcoin?
What is this Bitcoin? You have probably heard of Bitcoin, maybe you have seen it in the news, or you have seen a headline about people getting rich from it. Perhaps you have also heard about people losing all their money on it, but what is it? Well, let's take a look at the story so far. Bitcoin was born, so to speak, on October 31st of 2008 - in Satoshi Nakamoto's white paper. A white paper is basically like a report which very concisely details a vision or a philosophy or a proposal to some kind of solution to a question or a problem. So, basically, Satoshi Nakamoto's white paper introduced the idea of Bitcoin to the world. Satoshi Nakamoto could be a person or a group of people - no one really knows, but that's kind of a different story for a different day. Satoshi’s white paper introduced this idea of a peer-to-peer electronic cash system, which we know as bitcoin. And the main benefit of which is that people would no longer need a bank to transfer currency to one another in the future. I hope I don’t have to tell you what are the problems with the banks and why we should avoid them like the plague, as far as we can, of course. Bitcoin is a revolutionary idea for a few undeniable reasons, completely independent from any government or bank influence, global acceptance without borders, and hundred percent trustless transaction are the most prominent ones.
What is Bitcoin payment gateway?
This is pretty self-explanatory. A bitcoin payment gateway is a particular kind of payment gateway which deals in bitcoin along with other types of payment systems like credit and debit cards. When a business decides to accept bitcoin as a form of payment from its clients, it needs a specific payment gateway which allows bitcoin, hence the term.
However, while finding a regular payment gateway is not that hard, in fact, there are plenty of them waiting for your business – finding reliable bitcoin payment gateway is a whole different story. And just because there are not many, Bitcoin payment gateways usually charge higher than their regular counterparts, making the businesses discouraged to even think of accepting bitcoin as a currency for transactions. Here, at BlockchainAPI we have the lowest fees (read documentation). We offer a fast, safe and anonymous Bitcoin Payment Gateway.