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Top 10 Ways to Earn Bitcoin in 2020

Top 10 Ways to Earn Bitcoin in 2020

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Back in 2018, the most popular way to earn bitcoin seemed to be through Initial Coin Offerings (ICOs). Over $6 billion was raised in Q1 2018 for crypto projects — many with just a white paper and a website. Business was good for founders and investors until the end of 2018 when scammers were the only ones laughing. Most investors lost money, and capital investments into ICO dropped 97%. Companies like TruStory even launched whose sole mission was to stop ICO scams from happening. By Q1 2019, less than $900 million was raised through ICOs —with regulation being the coup de gras.
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So where has all the momentum shifted? The second wave of crypto projects will undoubtedly reward profits over potential. This article examines the top ways you can earn bitcoin in 2020 — from faucets and bitcoin mining to crypto savings accounts. The biggest winners of 2020 will likely fall into one of the following 10 categories. The strategy that is right for you will depend on your skills, network, access to capital, location, risk tolerance and investment timeline.

#1 - Holding
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Arguably the best way to make money on Bitcoin is to buy it and hold it for many years. Smart investors rely on a strategy called Dollar Cost Averaging (DCA) to reduce market volatility. This works by investing a fixed amount on a regular schedule, ie $100 once a week for 10 weeks, which helps offset the crypto market volatility. The hard part is being patient with the investment and resisting the urge to daytrade or sell too quickly.

#2 - Lending
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A number of fintech companies like BlockFi and BitBond now offer the ability to earn interest on your crypto holdings. Interest rates range start around 8% and can go as high as 20% for trusted lenders. The interest clients earn typically compounds monthly, although these returns mimic that of the S&P 500 so this is considered a low risk/reward option.

#3 - Day Trading
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A common way to earn Bitcoin trading is through trading cryptocurrencies on exchanges using 1X to as high as 100X leverage. Traders can also bet on the index of any crypto on sites like eToro or Robinhood. Daytraders will trade based on charts and trends, and try to grow their portfolio.
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Another much safer form of arbitrage is dropshipping. You can source products on Amazon or from sites like Oberlo who will help you find the right products to buy. You can build an e-commerce store using Shopify or just sell on eBay. If you have a store and supply chain already, it's easy to start accepting Bitcoin using a payment gateway like CoinPayments or BitPay.
Other peer-to-peer exchanges like Paxful, Purse and Redeeem allow you to trade gift cards and other digital and physical goods for bitcoin.

#4 - Gambling
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Gambling with Bitcoin is highly addictive, risky, largely unregulated, and offers the biggest and fastest financial volatility. Some popular crypto gambling sites include CloudBet, BetOnline, FortuneJack, Bovada, BetUS and hundreds of others. For more rankings, click here.

#5 - Mining
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Despite the fact that over 80% of Bitcoin has already been mined, bitcoin mining is still a $4 billion annual industry. Since mining was intentionally developed to require advanced hardware, it's an expensive process that requires large mining facilities to be profitable. For this reason, most large-scale mining operations are located in China where electricity is cheap.
To be successful, individual miners are forced to join collective mining pools like MinerGate or simply mine as a fun hobby with Coinmine or Homeyminer and not worry about the ROI. To learn more, click here.

#6 - Faucets
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A faucet is just a website that gives free coins to every visitor for staying on the site or engaging with content. Some examples are Cointiply, FreeBitcoin, SatoshiQuiz and others. Keep in mind, a satoshi represents roughly 0.00000001 bitcoin, so 100 satoshi is about 1 penny. It would take 100 correct trivia answers on SatoshiQuiz to make $1 USD. It's far more profitable to own a Bitcoin faucet and make money on advertisements.

#7 - Services
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There are dozens of job boards online where you can earn bitcoin for a variety of independent contractor services. Many clients on Upwork, Freelancer and other non-crypto platforms will gladly 15% discounts or more if they can pay their freelancers in bitcoin and avoid the costs of the marketplace. Other more dedicated sites are listed below.
Jobs4Bitcoin — Reddit job board for bitcoin tasks
AngelList — Job board for crypto companies and projects
Earn.com — Earn bitcoin while learning about crypto
CryptoGrind — Escrow for bitcoin freelancers
CryptoJobs — Job board for bitcoin freelancers
Coinality — Job board for crypto freelancers
Bitfortip — Earn bitcoin for helping people Indeed — Job board for crypto companies BitWage — HR services for paying in crypto XBTFreelancer — Freelancers get paid in bitcoin

#8 - Exchanges
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The simplest and lowest-cost exchange is a Bitcoin ATM. As of January 2019, there were 4,213 Bitcoin or cryptocurrency ATMs worldwide. With many countries like Venezuela, Argentina and Nigeria experiencing hyperinflation, the world's 2.3 billion unbanked people will continue to demand bitcoin and stablecoins as hedges against inflation. The estimated startup costs for a Bitcoin ATM is about $25,000 per location, according to CoinATMRadar.
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Building a crypto exchange or peer-to-peer trading platform will be a more expensive way to earn bitcoin as an exchange. This requires building a website, hosting wallets on the blockchain, building security protocols, creating KYC/AML policies, accepting crypto payments, building two sides of a marketplace, and a little marketing, branding and legal work. Some examples of successful P2P trading platforms are Paxful, Purse and Redeeem.
The fiat to crypto exchanges like Gemini, Coinbase and Kraken usually require venture funding, large engineering teams and banking partnerships for proper custody of the funds. Fiat exchanges also have to register as a Money Services Business (MSB). For a full list of fiat exchanges, click here.

#9 - Affiliate Rewards
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Affiliate programs in crypto are endless, and they can come in many different shapes and sizes. Products like Lolli and Pei will reward you with bitcoin cashback everywhere you shop. Exchanges like Changelly will give you a percentage of their fee revenue for referring clients. Wallets like Abra will give you $25 for each signup. The optimal strategy is picking a familiar product that you know and love. For a list of affiliate programs, click here.

#10 - Content
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Bitcoin is King. Content is King. So Bitcoin Content must be God. The ability to research, write and publish high-quality content on Bitcoin, blockchain and cryptocurrencies will be a highly coveted asset in 2020. It's free to start a Medium blog, video blog or podcast and share your ideas to passionate audiences on Facebook, Twitter, Reddit or Quora. Try to build an audience first then turn on AdSense or activate other partnerships to start collecting passive revenue for your content.
submitted by levi_d-19 to Redeeem [link] [comments]

Beardo: Grossing $30k/mo selling beard hats

Hi /Entrepreneur, this is Pat from Starter Story, excited to share this new interview with Jeff from Beardo.
TLDR:
Here's the interview - hope you enjoy:

Hello! Who are you and what are you working on?

Hi, my name is Jeff Phillips and I am the inventor of the Beardo beard hat. We started out with one product which is our patented hat with a detachable beard (the Beardo), but have since launched hundreds of unique products and have even moved into branded promotional products.
Beardo really started out as a bit of a gamble and we never really took it that seriously. I knew the Beard hat was fun and functional and that I really liked it, but my friends weren’t so convinced that others would feel the same and actually purchase it.
I really just trusted my gut and went for it. I am glad I did because within the first 25 days of launch we had sold out of our entire years stock of 1,000 units, and pulled in over $40,000.
What our product looks like

What's your backstory and how did you come up with the idea?

I suppose I get my creativity from my Dad and Grandpa. They both were always looking for ways to improve things and generally just liked working with their hands. I’ll never forget the day my dad designed a ‘can crusher’ so that our recycling didn’t take up so much space. He never wanted to put it to market or anything like that, but just wanted it for himself. When he saw that someone had released one a few months later and was probably making millions on it, he was pretty annoyed!
Like Dad and Grandpa, I am constantly thinking of crazy inventions and edits around the house to make life simpler. It’s not something I can turn off, so I started writing my ideas down in a journal. I guess it was just a matter of time until one of us went into mass production with a crazy invention!
The Beardo came about organically and out of sheer necessity.
At the end of 2006, I was snowboarding in Whistler, and it was an absolute chiller of a day. We had made our way to the top of a run called ‘7th heaven’ and I was certain that the wind was going to be the end of me.
I had this old brown knit scarf in my bag and had tied it around my face to stay warm. About halfway down we stopped on the side for a bit of break and instead of taking off the scarf, I just spread a hole in the knit and popped my water bottle through to take a drink… one of our group cracked up laughing because it looked like a real beard!
I got back to where we were staying, cut the scarf up to refine the beard a bit and the first Beardo beard was born! I used it a few more times until I got some better prototypes knit, and the true form took shape into the World’s only hat with a foldaway, detachable and adjustable beard! I did keep the original though and I have been meaning to get it framed to hang on my wall!

Describe the process of designing, prototyping, and manufacturing the product.

Though I didn’t have any design experience, I had run a few small businesses before and knew a little about graphic design as well. I also had a couple degrees (B.A and a film and TV diploma) that gave me a lot of great experience and the know-how to do things myself. All of these experiences really came in handy while designing the beard hat because it helped limit the startup budget.
When this really started to take off, I was living in a friends garage to save a bit of money. We had no internet and things were pretty tight. Getting Beardo off the ground with trademarks, patents, and web design was costly, so again I did a lot of it myself and leaned on friends for help when needed.
I remember that I used to drive around the suburbs with my laptop open trying to find a wireless internet signal that was unlocked! Most of the designing, patents, and trademarks were created in my wagon. I remember one house must have picked up on what I was doing because I had been in front of their place for a week when they started to peer out the window and the next time I went back the free wifi was no more.
The design process was pretty straightforward though, it was easy enough to get an actual knit prototype made and from there I went off looking on Google for manufacturers. My early focus was to stay in Canada, but after seeing the quality issues with the first round of samples and a price tag of more than I could sell them for, I had to look elsewhere. I ended up finding some great companies in asia who specialize in knitwear and went back and forth for a while before deciding that they were a great company to work with.
After getting the patents, trademarks, website design and the first batch of beard hats, I had spent about $8,000 and was ready to launch. I still wasn’t sure what would happen, but I figured that at worst case, I could take the beard out of these really nice knit hats and sell them to a store for cost. That was my backdoor if the whole thing crashed and burned.

Describe the process of launching the online store/business.

I’ve seen a lot of changes since I started Beardo and there are definitely a lot more people launching sites and small brands. I think it’s great and it makes things that much easier to get going, but it also means you have a lot of competition and you need a point of difference. Luckily for me, I had created a unique product so I didn’t have to contend with any similar businesses.
The best advice I can give is that before launching you need to have a rollout plan in place. A lot of people think that getting the site and product made is the hard part and that all you have to do is wait for orders to roll in. In reality, the launch and promotion are the hard parts. Before going live, you should be ready to contact media (local and otherwise), start advertisements, run promotions, send out free samples to bloggers and influencers and keep pushing and expanding your reach every day.
For example, one major undertaking was to search for direct email contacts for all the magazine, Newspaper, TV, and University newspaper editors that I could find. Then one by one, I hit them up and try to get a story, collaboration or even a paid ad.
Below is a short list of some of the neverending projects I would also work on in those early days:
Now I am not saying that you need to have everything ready to go before you launch, but you need a rough plan. Truth is you’ll never launch if you try to get everything all lined up. it’s going to be messy and constant and that’s ok. Just roll with it and keep planning and pushing.
I had a pretty good plan in place but was really surprised when the first order came in - it was from South Korea! It seems my planning had worked and Beard hats were quickly picked up by global bloggers and the media, which was unreal! The best part was, after only one live-to-air interview on the Canadian news, it quickly went viral and more and more bloggers and ‘cool product’ sites started listing the Beardo.

What has worked to attract new customers?

Without a huge media boost, it can be tough to get new customers. I would always keep a list of ideas I had, or things I saw that other brands were doing that seemed to work. That pretty much became my neverending to-do list.
The MOST exposure and returns we have seen were directly resulting from being featured by the big fish like ‘Good Morning America’, our Kickstarter, or our appearance on ‘Dragons Den’ and also having exposure from celebrities.
A company called FAB (daily design deals) liked our product so much that they used it in their online campaign in 2011/12 which resulted in HUGE social media growth and a lot of sales. One thing leads to another though, so the more exposure you can get will almost certainly lead to more and more. It’s kind of a snowball effect, and that’s what you want.
Out of everything we do, social media and SEO are consistently the best returns for us.
When you set up your website, the first thing you should think about is SEO, and making a list of all your top keywords is just a small part of that. There are some really great google SEO guides out there and I recommend that anyone starting out should take night classes or online course for the basics, like: SEO. blogging for business, HTML, photoshop, photography.
A good place to start for SEO are on the guides that Google provides.
SEO is constant and you need to keep on top of it. Not only in terms of your site changes, but also google is constantly changing their own algorithms and with that, suggestions to improve your strategy. One thing I would recommend everyone do is to start following @SEOMOZ and even signing up for a trial. You’ll learn alot about SEO really quickly and it’s a great way to look into what your competitors are doing too.

How is everything going nowadays, and what are your plans for the future?

I joke with friends that I thought Beardo would be a short-lived business, and beard hats would be a fad that would be dead in 12 months. I don’t think anyone thought it would do so well, or be around so long. As long as I am still meeting people who have never seen it yet, there is always room to continue.
Today, Beardo has warehouses in 5 countries and has a range of over 140 fun and functional winter headwear products and we are always coming up with new ideas! We do have plans for new products, but they are top secret!

Through starting the business, have you learned anything particularly helpful or advantageous?

As I said earlier, I have seen a lot of changes in the e-commerce space and I think the number one regret I have is not blasting Facebook ads more.
When I first started advertising beard hats on facebook it was just to grow the fanbase as the objectives today simply didn’t exist. I started out with about $10-20 a day and at a cost of about $0.01- 0.02 per fan - it grew really fast!
Back then I thought $70-140 a week was quite a lot of money to spend on advertising, and kinda thought things would stay the same… I was dead wrong. Facebook changed their algorithm and cost per reach, which basically means to get that same fanbase growth you would have to spend thousands a day.
It’s also now nearly impossible to speak to your own fans through organic reach with your posts without paying, so that’s a big bummer. Back when we had 10k fans, we would get 500-1000 likes per post. Now we have 330k and are lucky if we get 10 likes. We should have been focused more on channeling our fans into email subscription as it allows for a direct method for contact.
I think there is no real model for success that covers all brands and products, you really never know what will work and what will fail and just because something works for one brand doesn’t mean it can be reproduced.
You should try everything and don’t be afraid of failure and definitely don’t get hung up on failure. Move forward and try your next idea. If you are out of ideas, Google, follow others or ask around. I think a major attribute of a successful entrepreneur is not just driven but creativity and the ability to think outside of the box, so trust your weird ideas.

What platform/tools do you use for your business?

We now use Shopify because it is nearly impossible to crash it! We have tried and have even had hundreds of thousands of concurrent visitors on the site with no issues. Not even a flicker.
One of my friends just had her bikini site crash last night because she wasn’t prepared for a big rush of visitors and it’s been down for nearly 15 hours now. Do yourself a favor and go with Shopify.
We also use the Product Upsell App through Shopify as well as discounts, reviews, and BitPay which allows people to pay using bitcoin and other cryptocurrencies. We also accept Paypal and Shopify payments too.

What have been the most influential books, podcasts, or other resources for your business?

I really liked the 4-Hour Workweek by Timothy Ferris. It’s a bit of fiction, but gets you thinking out of the box!
Besides that, I don’t really look for business motivation. I am more interested in design inspiration, so I just look at lots of strange art, and try to travel as much as possible to open my mind to new ideas.

Advice for other entrepreneurs who want to get started or are just starting out?

If you are looking to start out online, you should remember that simple is better. When designing your website try to make it as streamlined as possible. That goes for product design, packaging and ads as well! Simple is better and trial and error is the key, so keep testing.
Some issues I see are things like spending too much money before you have even started. These days you can start with an idea and turn it into millions before you even have product!
Just look at Kickstarter.com. It’s a perfect place to launch and trial your product or idea to see if others are even interested. If it gets funded, perfect! If not, you hopefully haven’t spent too much and can move to the next idea. We did a kickstarter of our own in 2013 and it was the reason we were able to launch our line of ski masks!
You can also start out on the cheap by selling on a platform like Etsy and try to grow a fanbase and revenue that way before blowing your paycheque on a fancy website.
Things like patents and trademarks are important but easily done without spending tens of thousands on legal fees. Trademarks are especially easy, so before getting a lawyer, check it out yourself!
The most important thing is to trust your gut and go with it. There are lots of people out there with great ideas but who are too afraid to start.
Interview at https://www.starterstory.com/beardo-beard-hat
submitted by youngrichntasteless to Entrepreneur [link] [comments]

So someone told me if I accept bitcoins on my website, I get free advertising/upvotes from you guys?

I sell cosplay costumes through my Shopify site: www.cosforia.com. They just fully integrated with Bitpay, which lets me accept bitcoin payments while being insulated from exchange rate fluctuations. So I figured, why not, there's literally no harm to me for doing my part to support bitcoin adoption, and I might even get an extra sale or two.
I'm also doing a Bitcoin Black Friday sale - 25% off everything with discount code: Satoshi. I only just started learning about this thing, but I'm already very excited to see where it goes!
Edit: Thanks Shaypar from Shopify for enabling the bitcoin payment icon on my site!
submitted by cosforia to Bitcoin [link] [comments]

Decred Journal — May 2018

Note: New Reddit look may not highlight links. See old look here. A copy is hosted on GitHub for better reading experience. Check it out, contains photo of the month! Also on Medium

Development

dcrd: Significant optimization in signature hash calculation, bloom filters support was removed, 2x faster startup thanks to in-memory full block index, multipeer work advancing, stronger protection against majority hashpower attacks. Additionally, code refactoring and cleanup, code and test infrastructure improvements.
In dcrd and dcrwallet developers have been experimenting with new modular dependency and versioning schemes using vgo. @orthomind is seeking feedback for his work on reproducible builds.
Decrediton: 1.2.1 bugfix release, work on SPV has started, chart additions are in progress. Further simplification of the staking process is in the pipeline (slack).
Politeia: new command line tool to interact with Politeia API, general development is ongoing. Help with testing will soon be welcome: this issue sets out a test plan, join #politeia to follow progress and participate in testing.
dcrdata: work ongoing on improved design, adding more charts and improving Insight API support.
Android: design work advancing.
Decred's own DNS seeder (dcrseeder) was released. It is written in Go and it properly supports service bit filtering, which will allow SPV nodes to find full nodes that support compact filters.
Ticket splitting service by @matheusd entered beta and demonstrated an 11-way split on mainnet. Help with testing is much appreciated, please join #ticket_splitting to participate in splits, but check this doc to learn about the risks. Reddit discussion here.
Trezor support is expected to land in their next firmware update.
Decred is now supported by Riemann, a toolbox from James Prestwich to construct transactions for many UTXO-based chains from human-readable strings.
Atomic swap with Ethereum on testnet was demonstrated at Blockspot Conference LATAM.
Two new faces were added to contributors page.
Dev activity stats for May: 238 active PRs, 195 master commits, 32,831 added and 22,280 deleted lines spread across 8 repositories. Contributions came from 4-10 developers per repository. (chart)

Network

Hashrate: rapid growth from ~4,000 TH/s at the beginning of the month to ~15,000 at the end with new all time high of 17,949. Interesting dynamic in hashrate distribution across mining pools: coinmine.pl share went down from 55% to 25% while F2Pool up from 2% to 44%. [Note: as of June 6, the hashrate continues to rise and has already passed 22,000 TH/s]
Staking: 30-day average ticket price is 91.3 DCR (+0.8), stake participation is 46.9% (+0.8%) with 3.68 million DCR locked (+0.15). Min price was 85.56. On May 11 ticket price surged to 96.99, staying elevated for longer than usual after such a pump. Locked DCR peaked at 47.17%. jet_user on reddit suggested that the DCR for these tickets likely came from a miner with significant hashrate.
Nodes: there are 226 public listening and 405 normal nodes per dcred.eu. Version distribution: 45% on v1.2.0 (up from 24% last month), 39% on v1.1.2, 15% on v1.1.0 and 1% running outdaded versions.

ASICs

Obelisk team posted an update. Current hashrate estimate of DCR1 is 1200 GH/s at 500 W and may still change. The chips came back at 40% the speed of the simulated results, it is still unknown why. Batch 1 units may get delayed 1-2 weeks past June 30. See discussions on decred and on siacoin.
@SiaBillionaire estimated that 7940 DCR1 units were sold in Batches 1-5, while Lynmar13 shared his projections of DCR1 profitability (reddit).
A new Chinese miner for pre-order was noticed by our Telegram group. Woodpecker WB2 specs 1.5 TH/s at 1200 W, costs 15,000 CNY (~2,340 USD) and the initial 150 units are expected to ship on Aug 15. (pow8.comtranslated)
Another new miner is iBelink DSM6T: 6 TH/s at 2100 W costing $6,300 (ibelink.co). Shipping starts from June 5. Some concerns and links were posted in these two threads.

Integrations

A new mining pool is available now: altpool.net. It uses PPLNS model and takes 1% fee.
Another infrastructure addition is tokensmart.io, a newly audited stake pool with 0.8% fee. There are a total of 14 stake pools now.
Exchange integrations:
OpenBazaar released an update that allows one to trade cryptocurrencies, including DCR.
@i2Rav from i2trading is now offering two sided OTC market liquidity on DCUSD in #trading channel.
Paytomat, payments solution for point of sale and e-commerce, integrated Decred. (missed in April issue)
CoinPayments, a payment processor supporting Decred, developed an integration with @Shopify that allows connected merchants to accept cryptocurrencies in exchange for goods.

Adoption

New merchants:
An update from VotoLegal:
michae2xl: Voto Legal: CEO Thiago Rondon of Appcívico, has already been contacted by 800 politicians and negotiations have started with four pre-candidates for the presidency (slack, source tweet)
Blockfolio rolled out Signal Beta with Decred in the list. Users who own or watch a coin will automatically receive updates pushed by project teams. Nice to see this Journal made it to the screenshot!
Placeholder Ventures announced that Decred is their first public investment. Their Investment Thesis is a clear and well researched overview of Decred. Among other great points it noted the less obvious benefit of not doing an ICO:
By choosing not to pre-sell coins to speculators, the financial rewards from Decred’s growth most favor those who work for the network.
Alex Evans, a cryptoeconomics researcher who recently joined Placeholder, posted his 13-page Decred Network Analysis.

Marketing

@Dustorf published March–April survey results (pdf). It analyzes 166 responses and has lots of interesting data. Just an example:
"I own DECRED because I saw a YouTube video with DECRED Jesus and after seeing it I was sold."
May targeted advertising report released. Reach @timhebel for full version.
PiedPiperCoin hired our advisors.
More creative promos by @jackliv3r: Contributing, Stake Now, The Splitting, Forbidden Exchange, Atomic Swaps.
Reminder: Stakey has his own Twitter account where he tweets about his antics and pours scorn on the holders of expired tickets.
"Autonomy" coin sculpture is available at sigmasixdesign.com.

Events

BitConf in Sao Paulo, Brazil. Jake Yocom-Piatt presented "Decentralized Central Banking". Note the mini stakey on one of the photos. (articletranslated, photos: 1 2 album)
Wicked Crypto Meetup in Warsaw, Poland. (video, photos: 1 2)
Decred Polska Meetup in Katowice, Poland. First known Decred Cake. (photos: 1 2)
Austin Hispanic Hackers Meetup in Austin, USA.
Consensus 2018 in New York, USA. See videos in the Media section. Select photos: booth, escort, crew, moon boots, giant stakey. Many other photos and mentions were posted on Twitter. One tweet summarized Decred pretty well:
One project that stands out at #Consensus2018 is @decredproject. Not annoying. Real tech. Humble team. #BUIDL is strong with them. (@PallerJohn)
Token Summit in New York, USA. @cburniske and @jmonegro from Placeholder talked "Governance and Cryptoeconomics" and spoke highly of Decred. (twitter coverage: 1 2, video, video (from 32 min))
Campus Party in Bahia, Brazil. João Ferreira aka @girino and Gabriel @Rhama were introducing Decred, talking about governance and teaching to perform atomic swaps. (photos)
Decred was introduced to the delegates from Shanghai's Caohejing Hi-Tech Park, organized by @ybfventures.
Second Decred meetup in Hangzhou, China. (photos)
Madison Blockchain in Madison, USA. "Lots of in-depth questions. The Q&A lasted longer than the presentation!". (photo)
Blockspot Conference Latam in Sao Paulo, Brazil. (photos: 1, 2)
Upcoming events:
There is a community initiative by @vj to organize information related to events in a repository. Jump in #event_planning channel to contribute.

Media

Decred scored B (top 3) in Weiss Ratings and A- (top 8) in Darpal Rating.
Chinese institute is developing another rating system for blockchains. First round included Decred (translated). Upon release Decred ranked 26. For context, Bitcoin ranked 13.
Articles:
Audios:
Videos:

Community Discussions

Community stats: Twitter 39,118 (+742), Reddit 8,167 (+277), Slack 5,658 (+160). Difference is between May 5 and May 31.
Reddit highlights: transparent up/down voting on Politeia, combining LN and atomic swaps, minimum viable superorganism, the controversial debate on Decred contractor model (people wondered about true motives behind the thread), tx size and fees discussion, hard moderation case, impact of ASICs on price, another "Why Decred?" thread with another excellent pitch by solar, fee analysis showing how ticket price algorithm change was controversial with ~100x cut in miner profits, impact of ticket splitting on ticket price, recommendations on promoting Decred, security against double spends and custom voting policies.
@R3VoLuT1OneR posted a preview of a proposal from his company for Decred to offer scholarships for students.
dcrtrader gained a couple of new moderators, weekly automatic threads were reconfigured to monthly and empty threads were removed. Currently most trading talk happens on #trading and some leaks to decred. A separate trading sub offers some advantages: unlimited trading talk, broad range of allowed topics, free speech and transparent moderation, in addition to standard reddit threaded discussion, permanent history and search.
Forum: potential social attacks on Decred.
Slack: the #governance channel created last month has seen many intelligent conversations on topics including: finite attention of decision makers, why stakeholders can make good decisions (opposed to a common narrative than only developers are capable of making good decisions), proposal funding and contractor pre-qualification, Cardano and Dash treasuries, quadratic voting, equality of outcome vs equality of opportunity, and much more.
One particularly important issue being discussed is the growing number of posts arguing that on-chain governance and coin voting is bad. Just a few examples from Twitter: Decred is solving an imagined problem (decent response by @jm_buirski), we convince ourselves that we need governance and ticket price algo vote was not controversial, on-chain governance hurts node operators and it is too early for it, it robs node operators of their role, crypto risks being captured by the wealthy, it is a huge threat to the whole public blockchain space, coin holders should not own the blockchain.
Some responses were posted here and here on Twitter, as well as this article by Noah Pierau.

Markets

The month of May has seen Decred earn some much deserved attention in the markets. DCR started the month around 0.009 BTC and finished around 0.0125 with interim high of 0.0165 on Bittrex. In USD terms it started around $81 and finished around $92, temporarily rising to $118. During a period in which most altcoins suffered, Decred has performed well; rising from rank #45 to #30 on Coinmarketcap.
The addition of a much awaited KRW pair on Upbit saw the price briefly double on some exchanges. This pair opens up direct DCR to fiat trading in one of the largest cryptocurrency markets in the world.
An update from @i2Rav:
We have begun trading DCR in large volume daily. The interest around DCR has really started to grow in terms of OTC quote requests. More and more customers are asking about trading it.
Like in previous month, Decred scores high by "% down from ATH" indicator being #2 on onchainfx as of June 6.

Relevant External

David Vorick (@taek) published lots of insights into the world of ASIC manufacturing (reddit). Bitmain replied.
Bitmain released an ASIC for Equihash (archived), an algorithm thought to be somewhat ASIC-resistant 2 years ago.
Three pure PoW coins were attacked this month, one attempting to be ASIC resistant. This shows the importance of Decred's PoS layer that exerts control over miners and allows Decred to welcome ASIC miners for more PoW security without sacrificing sovereignty to them.
Upbit was raided over suspected fraud and put under investigation. Following news reported no illicit activity was found and suggested and raid was premature and damaged trust in local exchanges.
Circle, the new owner of Poloniex, announced a USD-backed stablecoin and Bitmain partnership. The plan is to make USDC available as a primary market on Poloniex. More details in the FAQ.
Poloniex announced lower trading fees.
Bittrex plans to offer USD trading pairs.
@sumiflow made good progress on correcting Decred market cap on several sites:
speaking of market cap, I got it corrected on coingecko, cryptocompare, and worldcoinindex onchainfx, livecoinwatch, and cryptoindex.co said they would update it about a month ago but haven't yet I messaged coinlib.io today but haven't got a response yet coinmarketcap refused to correct it until they can verify certain funds have moved from dev wallets which is most likely forever unknowable (slack)

About This Issue

Some source links point to Slack messages. Although Slack hides history older than ~5 days, you can read individual messages if you paste the message link into chat with yourself. Digging the full conversation is hard but possible. The history of all channels bridged to Matrix is saved in Matrix. Therefore it is possible to dig history in Matrix if you know the timestamp of the first message. Slack links encode the timestamp: https://decred.slack.com/archives/C5H9Z63AA/p1525528370000062 => 1525528370 => 2018-05-05 13:52:50.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Your feedback is precious. You can post on GitHub, comment on Reddit or message us in #writers_room channel.
Credits (Slack names, alphabetical order): bee, Richard-Red, snr01 and solar.
submitted by jet_user to decred [link] [comments]

We're a small business, we hold our coins

Adam from Baron Fig here. I'm an ex-Wall Street guy turned startup co-founder. Ever since hearing about BTC I've loved the implications of it, and I'm a full supporter. I wanted to do my small part by accepting BTC, and we've worked hard to make it happen. (Harder than we should have to.)
A couple of months ago my co-founder Joey wrote a post about how we pressured our ecommerce platform, Squarespace, to accept Bitcoin. We literally took a trip to their offices to try and convince them that BTC is a good thing. We went around them and managed to hack together support using Coinbase buttons, but it was far from ideal.
Your advice was spot on—we spent the last two months redoing our entire site using the Shopify platform, and now we're finally fully integrated. Our site is officially BTC friendly, the transaction is as smooth as butter—and yes, we hold our coins.
To date we've sold almost 2 Bitcoin worth of books. Really appreciate everyones support. We're passing the savings along to you and giving a one day discount of 10% off for Bitcoin orders with code FIGCOINS10.
Check out the notebooks, and use FIGCOINS10 during checkout >
Edit: Due to popular request, our public wallet link is https://blockchain.info/address/1MPApwwGQSiVe5TS6GuUeYuCsFj2NAkE6M. Keep in mind, BitPay batches all payments at end of day. So transaction activity from today will show up then.
submitted by zuji1022 to Bitcoin [link] [comments]

We’ve been working with Coinbase and Shopify for the last 3 months to get automatic bitcoin discounts to work across the platform (for everyone, not just us). It’s finally done.

Adam from Baron Fig here, over the past year I've posted about the different struggles we had in getting Bitcoin fully integrated into our site. Today’s update marks the finale of a lot of emailing, calling, and pressuring.
In case you missed my last posts: First we wrangled with our ecommerce platform Squarespace to accept BTC. We wrote a post how we literally took a trip to their office to convince them to accept it. That didn't go so well, so we hacked together a workaround using Coinbase to start accepting coins. Thanks to your suggestions, we ended up switching to the more BTC-friendly platform, Shopify.
A few months ago we hit another wall when we tried to give a permanent 5% discount to all Bitcoin transactions. (If we’re saving on the transaction costs, so should you.) Shopify didn’t have the capability to let us add discounts specifically for Bitcoin. When we tried giving discounts on Coinbase's end, there was an integration error between the two platforms that wouldn't properly recognize the purchase.
Today, after a lot of work, I’m happy to let everyone know that Shopify and Coinbase now integrate properly so that we can choose to give a 5% discount to BTC transactions—not just for us, but for the millions of users who integrate both platforms.
Both my co-founder Joey and I are full supporters of BTC. I recently posted that we hold our coins—we are in this for the long run. We keep all of our coins, and use them whenever we can for business. And we also suggest to every single manufacturing and supply partner that they use BTC, to raise awareness.
As always, big thanks for the support from the bitcoin community. Today we're giving an additional 10% off (total 15% off when using Bitcoin) everything on our site (until midnight EST tonight) using code BITFIG10. Thank you for the continued support!
Check out the notebooks, and use BITFIG10 during checkout >
submitted by zuji1022 to Bitcoin [link] [comments]

UPDATE: CNBC gave me $1,000 to start a business in 14 days, so I launched a crypto apparel line

In a strange, one-of-a-kind assignment, I was given $1,000 and told to launch a business -- any business. The only requirement was that it had to go live in two weeks and that all profits would be donated to charity.
After spending $500 to get the site up and running with the design feedback of a bunch of my friends in /Bitcoin - I'm stoked to say sales at https://cryptocrow.co/ just crossed the $2,000 mark in just two weeks. Not only that, but about 15% of orders were paid for in bitcoin, which gives me huge hope that other Shopify stores will follow my lead in accepting crypto as a form of payment.
It took some sleepless nights, but every suggestion from the last thread got added to the store, so please keep throwing ideas out there if you got them!
As a thank you to everyone who helped me out, I'm sharing the discount code that's equal to the discount I gave my coworkers. Please don't tell my boss or share it outside the subreddit :) Use "RedditBitcoinFam" at checkout for 15% Off.
Thanks in advance for any thoughts!
Backstory: https://www.cnbc.com/2018/04/20/crypto-crow-how-to-launch-an-online-business-with-very-little-money.html
submitted by zguz14 to Bitcoin [link] [comments]

OpenBazaar may finally be the catalyst we've been waiting for to increase consumer adoption: no transaction fees + no seller fees = NO middlemen = cheaper goods and services.

A lot of us here on /Bitcoin understand that the majority of consumers who don't care about libertarian philosophies need a major reason to switch to using bitcoin over credit cards, and that would entail having discounts for using it. Open Bazaar may be the platform through which this can become a reality.
Think about it from the merchant's perspective: if they already have a shop and they're told to accept bitcoin, they'd be less likely to lower their prices for bitcoin purchases because it's a hassle and not "standard" to offer discounts for certain payment methods (on the same seller platform). They also still have seller fees they have to pay, whether it's on eBay or Shopify.
Now, imagine telling them that there's a new store they can list at, and pay ZERO transaction fees and ZERO seller fees--a dream come true! All they have to do is export their listings from Shopify and click the Import button in Open Bazaar. At this point, they would be MUCH more likely to decrease their prices over-all in order to attract more customers through Open Bazaar than the alternatives.
Open Bazaar dev team, make it super easy to make a blanket percentage decrease during product import, and we'll have ourselves a real winner.
When Bitcoin hit the news, people were interested, but didn't have a practical way to use it. When Open Bazaar hits the news, merchants will have a direct Call to Action on where to get started right away.
I'm excited for what Open Bazaar can help accomplish, and even more excited to start using it myself to make purchases!
submitted by walden42 to Bitcoin [link] [comments]

Bitcoinus - Quickest Blockachain System for Payment Processing

Have you known a Blockchain platform that make fast payment? This is about it. Bitcoinus, found online at Bitcoinus.io, promises to transfer bitcoin payments in two seconds. Find out how it works with us. Bitcoinus is a payment platform that claims to be able to transfer bitcoin payments in two seconds. The platform uses “cutting edge payment processing” techniques to allow you to receive Bitcoin, Ethereum, Litecoin, and over 100 major cryptocurrencies.The network is powered by the Ethereum blockchain. The goal is to create a global e-commerce solution. Typically, today’s bitcoin payment processing platforms charge a fee of around 1%. Bitcoinus BIS, on the other hand, charges a fee of 0.5%. There are no ongoing monthly fees. Users enjoy free sign ins, free payouts, and instant currency exchanges. The token sale for biu tokens is underway from January to May 2018. How Dose Bitcoinus(BIS) Work? Bitcoinus aims to offer fast, easy payment solutions using crypto as a medium of transfer. The platform can process transactions in 2 seconds. Bitcoinus charges just a 0.5% fee along the way – much less than the 1% charged by other cryptocurrency processors and significantly less than platforms like PayPal and credit cards, which charge fees of 3.5% and higher. The platform will also offer a clean and flexible API that developers of any online business can use to develop their own solutions with integrated crypto payments. Plugins will be available for all major commerce platforms, including WordPress, Shopify, and others. The goal is to integrate 100 altcoins within the first year of operation. Bitcoinus will mostly cater to online businesses, allowing all businesses and retail customers to buy, store, spend, and receive crypto assets. Other features of the platform include a merchant reputation system and blockchain-based KYC. Ultimately, if you’re an online business that frequently transfers money between global currencies, then Bitcoinus could help you save a significant amount of money every year on transaction fees. Bitcoinus(BIS)-The Team Bitcoinus is led by co-founders Tomas Mičkauskas and Xavier Murtza. Tomas has 6 years of experience in trading on the Frankfurt, London, and New York stock exchanges. He’s also experienced with startups and project management, and has successfully advised multimillion dollar ICOs. Xavier, meanwhile, has successfully developed an international credit management business with offices in London, Manila, and Singapore, and has 17 years of experience in credit management and credit risk solutions. The company is headquartered in London, UK under the name Bitus Ltd. Now Its ICO Time The Bitcoinus ICO is proceeding in stages First Sale (Ends on February 22): 1 biu=0.001 ETH, 8 million tokens are available at a 47% discount Second Sale (February 23 to March 23) 1 biu = 0.001 ETH, 17 million tokens available at a 40% discount Third Sale (March 24 to April 15) 1 biu = 0.001 ETH, 15 million tokens available at a 30% discount Fourth Sale (April 16 to May 1) 1 biu = 0.001 ETH, 7 million tokens available at a 15% discount Fifth Sale (May 2 to May 10) 1 biu = 0.001 ETH, 3 million tokens available at a 5% discount Any unsold tokens will be burnt by a smart contract. When we speak about the increasing performance of online sales industry there is one important aspect to have in mind. Online retail clients have variety of choices today: the supply of products and, in some cases, services in online markets has overtaken the one of their traditional rivals. However, there is another point – the increasing competition between merchants. Now any e-shop that wants to draw a decent amount of customers not only has to maintain the highest business and customers service standards but also needs to find a way to overtake its competitors. One of the best ways to stand out is to adopt the cryptocurrency payments. Only a couple of years ago it seemed unlikely as there was a limited availability of both – cryptocoins and customers who could spend them. Now the situation has changed – more and more internet users invest in and use Bitcoin, Ethereum and other blockchain-based currencies. It may seem to be a great chance for defining progressive positioning in the market. However, it is not that easy to accept cryptocurrencies due to the infrastructure’s underdevelopment. We are looking at completely different sources for online payments in 5 years. In this considerably short period of time many people will switch to cryptocurrencies instead of what they use now. There is a number of reasons to do so especially for businesses. It is not only because of the low cost or speed Bitcoinus Will Change the Future of Online Payments Bitcoinus is a company that will soon introduce the crypto payment processing service to virtually any online businesses. It will make all types of cryptocurrencies available to retail customers wishing to buy any item online with their bank cards. The solution is being developed with simplicity in mind. Any retail customer will no longer need to go through long and puzzling process of buying cryptocurency thinking about the ways of safe storage and other details. All of the most necessary and market sensitive aspects are covered with Bitcoinus online payment processing. The merchant reputation system includes the new payment approach. All online businesses will be rated according to their performance level and transparency, allowing the system ensure commercial trust between the two parties. The solution will change the market the day it enters the world of payments. In the digital world traditional currencies are becoming obsolete as the world of technology moves on. Bitcoin, Ethereum and all the other cryptocurrencies show that the change is long the awaited and necessary in order to make money market more efficient and up to date. The whole world is completely the obsessed with the idea of secure payments, which no third party can the interrupt. Bitcoinus(BIS)-The Conclusion Bitcoinus aims to be “the pioneer of online crypto processing”. The platform will charge a 0.5% fee when processing payments. Users can pay in “biu tokens” to lower fees even further. Meanwhile, the party receiving the money can accept payments in bitcoin, Ethereum, Litecoin, EUR, USD, and other popular transaction methods.
submitted by HomePurple to bitcoinusico [link] [comments]

Community-led Discord AMA Transcript - October 12th, 2018

On October 12, our CEO - Marshall, Director of Product - Patrick, Director of Business Operations - Kristal, and Senior iOS Engineer - Ephraim stopped by the community-led Discord channel to answer your questions. Here’s a transcript of the questions and answers.

On Crumbs...

meakkineni: Can you give us some Crumbs stats? Like the number of downloads, total amount managed by Crumbs etc
Patrick: Unfortunately cannot go into detail but we are into the thousands of users.
meakkineni: From the jobs postings looks like you are recruiting more people for Crumbs. Can you tell us about some of the exciting new features that are going to be implemented?
Patrick: Expect to see on-demand purchase of crypto bundles, mainnet deposits and withdraws, integration with Metal Pay, and more coins! Over the coming months, we plan to offer lower fees for MTL holders, unlock features, and more!
Abu: Is Crumbs going to include any gamification aspects in the future? How is the marketing strategy for Crumbs differ from pay?
Patrick: Yes, we will add an element of gamification in the future, the current focus is user acquisition
Marshall: Yes big surprise coming here, but I'll save that one for later. the marketing strategy will be closely tied together for both apps as they are tied together, and you will see this from a technical and feature perspective as time progresses

On Metal Pay…

red: How come we don't have referrals yet? Are we holding the feature back for some reason?
Ephraim: Referrals is one of the most exciting features we have in the works, because not only is it a technical challenge on both front-end and back-end, but it also introduces a new way to earn Pop. In fact, we’re just about wrapping up and finalizing the details for this feature, while making plans to translate the tech to support even more ways to earn rewards in the app. Something to look out for in version 1.1.0 😏
flumpson: My biggest hurdle in getting people to sign up is that their bank doesn’t work. In my case it was Citi. When will there be router and account number signup for people who aren’t served by plaid?
Ephraim: Currently the app integrates Plaid, a bank-linking SDK that supports over 90% of U.S. banking customers and is used by some of the biggest names in FinTech. We are aware however that online banking is required with your financial institution, and one way around that is routing/account number input. This feature is on our roadmap as a new service that will verify your account via micro-deposit. TLDR; it’s definitely coming!
Mondo: How do you see Metal Pay taking market share from the more popular apps like Venmo and CashApp? What will convince new users to switch over?
Marshall: I really believe through innovation, amazing user experience and specifically the value proposition to users on new behaviors and new technology. Specifically, I believe PoPP and the interactions with crypto to be completely new behaviors that the mass market is yet to be introduced to. Being paid (currency not points) for making a payment? I think this is a new concept and one that Metal owns. What will convince them? This is the hard question. A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings). When I started this company I recognized that design, user interface, user experience, incentives, and proper information were the biggest holes in cryptocurrency. We are hitting on all of these pieces.
Mondo: “A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings)" - is there an estimated date for this campaign? I'm sure your community would love to help where possible as well.
Marshall: We are in the process now of smoke testing our campaign strategies, and we will certainly be involving the community as we begin.
biyamin: "I am not okay putting my social security number in [Metal Pay]. Is there another way?"
Ephraim: This is one of mostly heard feedback, and we’re aware of the friction it can cause among new users. However, it is due to our financial partners' requirements, U.S. law, and FDIC insured Cash balance (we create a bank account on behalf of users) that prompt us to ask for SSN during on-boarding. Rest assured, we have a plan in placed to make onboarding as streamlined as possible, especially when SSN no longer serves as a fool-proof means of identity verification, due to recent security breaches by large firms. Finally, we have in our roadmap to allow users onto the Metal platform with limited KYC.
Marshall: Yes in the future you will be able to skip over this requirement, however linking in personal information will make you eligible for PoPP (this serves as the anchor), without it you won't be able to access those rewards and some special features like having a bank account with us.
jake_eisenberg11: When will Metal Pay release in New York happen?
Marshall: This is a tough one, it will happen upon one of two things coming to fruition. An exchange partner joins us who has a Bitlicense and will deeply integrate their back-end with us or us acquiring our Money Transmission License for NY and the accompanying Bitlicense (which if this is the case will take at least 1 year). That being said we're shooting for the former obviously, a partner to help us fast track and we've got a few in the pipeline
[A bunch of different people]: When will Metal Pay release in [insert location here]?
Kristal: I can assist with all the WHEN will Metal Pay release in MY STATE or COUNTRY. We have no firm timelines on either, but we are pursuing all states and expanding to Europe/Asia simultaneously… Ditto for Crumbs.
Jan: Quick one - Metal Pay debit cards?
Marshall: VERY SOON, it's next up on our feature roadmap
redruggles5: Really excited about Metal Pay for merchants, particularly micro-business. Are you able to tell us how that will look and where in the timeline that is? Do you have plans to integrate with current bookkeeping software like QuickBooks, plans for accepting credit cards/integration with Pay, etc? The biggest objection I get is in regards to integration with their current system, the ability to accept cards, addition of QR codes or another private way for customers to pay besides their phone number. Lastly, will there be a separate referral system for merchants?
Marshall: We are very excited as well, in terms of merchants we are going to start with the integrations into existing POS. Integrating with QuickBooks and Intuit are a must for crypto record keeping for S/M/L business, we have ambitious plans for this. Referral system for merchants via consumer - YES.
ekasu: Is there a possibility to increase the Metal Pay bank transfer speed (from 1 day or so currently to within the same day like Venmo) to increase competitiveness/attraction?
Marshall: Yes with Instant ACH for US customers, a feature we will be adding and is in the PF board on Jira
Bitcoinbella: Are there any plans for retail stores to use Metal yet?
Marshall: Yes, a big part of our plan of attack here is to launch first with the debit card so we can go anywhere Visa/MC is accepted. The next step is to go after small business with technical integrations through payment partners as well as simple QR codes at the register similar to Wechat/Alipay (China really inspires me). Technical integrations - this means WooCommerce, WordPress, Shopify, Authorize.net, etc, and for physical brick and mortar stores working directly with processors (lots of them see Square as a threat and are much larger, eventually Square will go to cut out interchange and stick it to the credit card companies, many partnership opportunities abound)
jake_eisenberg11: When cannabis merchant service?!?!?!
Marshall: We have pivoted away from high-risk merchants, that being said crypto is like cash and is permission-less. The bank poses no restrictions on what you do with cash withdrawn from the ATM unless you are doing something that could be considered illegal or pose harm to the bank. Very similar to us, replace paper cash with crypto.
ekasu: What is the deadline looking for these features: (a) transfer Metal to erc20 wallet/Metal vault; (b) use Metal Pay with merchants
Marshall: Mainnet deposit/withdrawal early end of this year or January. Metal merchants will kick off with our card integration for consumers, integrations for Merchant will start next year (upon hiring more developers) Glenn very early on built a very cool WordPress plugin for WooCommerce. These integrations for WP, Shopify, etc will come first and most likely early in 2019.
meakkineni: Looking at things so far, I have a feeling that PoPP score implementation has barely started. What is the time frame we are looking for it to go live?
Marshall: PoPP score is implemented just not integrated into the UI, this is a high priority one for us.

On MTL...

Decoder1: There's been talk about making the MTL token more prominent in both Crumbs and MetalPay. Some things which have been mentioned are discounted fee's, moving it to the top of the buy list, unlocking special features and obviously the increased POPP score which has already been confirmed. Are these still in the works or have they been shelved? If so are there any other bonus features Metal are considering?
Marshall: I'm really looking forward to adding these additional features to highlight the special function of MTL inside the Metal ecosystem of apps. Some things that have not been talked about yet are early access on special features for users with a MTL balance, gamified features to unlock surge PoPP, partner integrations and more.
NilesCrane: What will be the utility of the MTL token when other tokens are available to be popped? What will being the 'native currency' for the Metallicus apps involve and why would you expect this to drive the token price higher when other tokens are available in the same network?
kt: When will we start to see some other utilities for the MTL token through pay and Crumbs etc, other than the existing PoPP mechanism, and what are they likely to be?
Ephraim: We have a grand vision of how Metal and Pop will play a role in your daily experience on the Metal platform. Although we can’t go into too much detail into the features we have in our roadmap, we can say that MTL token will be an essential part of the Metal platform and overall ecosystem. Earning Pop when making payments is the stepping stone to realizing this vision, as we become the best, most rewarding, and user-friendly payments/crypto platform on the market.
Deaethtofiat: Will Metal's [ticker] still be changing?
Marshall: That [$XMT] is something we want to do upon announcing our mainnet chain.
Tblgu: Did Metal pay a fee for Bittrex relisting?
Kristal: Simple answer is no. We haven't seen any American-based exchanges charging for listings, and we believe the Bittrex re-listing was based entirely on the merits of our company.
marc0o: I know it might take a while until Metal reaches Europe. My favorite and IMO very promising exchange (Lykke) often gets the question whether PayPal can be used to deposit EUR or FIAT in general. Do you think it would be possible and useful to partner up with exchanges to provide FIAT deposits/withdraws?
Marshall: Yes we absolutely do and are talking to top exchanges right now, there are so many exchanges that are crypto/crypto only and we think we make a very nice fit for an integration to be the onramp/offramp, p2p payments, spending and link to the merchant world. This is a critical part of our business model and so far we are seeing HEAVY interest.
lemme: Why is Metal selling so much $MTL from the operational pool for such a low price?
Marshall: Selling and spending are two different things, so I think one of the assumptions is that selling = spending which is not the case. Yes, we are selling MTL to fund our operating bank, but not spending it at the rate that we are selling it. We are doing this because of three reasons: (1) We raised a very small amount last year to build out our apps (which arguably we have delivered) $3m vs most crypto startups raising $20m+ and we have delivered much, much more. (2) We need to demonstrate a full year of burn in the bank account to close the audit. (3) We need to close the audit to retain our money transmission licenses to get all fifty states, Europe as well, in addition to certain features like in app-exchange that we do directly. We're actively growing the company and as soon as we close Series A we will stop selling and focus on accumulating (not only MTL, but certainly as much MTL as we can get our hands on while diversifying).
ekasu: How likely is that more MTL is taken out of the operational pool in the short term, which can decrease the price much more?
Marshall: MTL will be taken out of the operational pool until the successful closing of our financing round which we are in the process of right now
meakkineni: Have you come up with any other significant use cases for MTL apart from BNB style use case in Crumbs and building a better PoPP score?
Marshall: Yes, and you will be hearing more about that as we plan to release an updated paper showcasing the fully decentralized aspects of the chain we are building.

On Metal…

marc0o: I hope I remember it right. A while ago Marshall talked about Metal being a service targeting people that do not have a bank account. Is this still on the roadmap?
Marshall: Yes it is. I know it may not appear that way right now but I firmly believe a good product keeps a narrow execution and a large vision. So the first part of the network and what will eventually become decentralized is starting on the equivalent of testnet or centralized (this is not too different than Bitcoin or Ethereum in the early days). We’re starting with linked bank accounts and moving to keep that as an option that people can skip over and opt to choose a stable coin, all while creating a Metal profile and [obtaining a] PoPP score.
Parker: Would Metal consider doing token buybacks (a la BNB)? Are they even legal in the U.S.? Could doing so make Metal a security?
Marshall: As a company, we will buy different cryptocurrencies at different times depending upon the market situation, buying MTL is something that we will do, as far as any guarantee to x amount being bought back per quarter or percentage of profit, that is most likely indefinitely off the table for a US company.
CryptoSheffield: Do you “own” the PoPP concept?
Marshall: We own trademarks yes, the first mention of media and are working on a provisional patent. This type of thing is very hard to get a patent for even harder to defend right now.
Future: Some people noticed Sid no longer on the website. Has he moved on? If so what's the story there?
Kristal: Sid put together some beautiful designs and helped shape and create the early stages of Metal until it's launch. As we move into the next stage of post-launch, we amicably parted ways with Sid and wish him continued success wherever he goes. As a company, we're on the hunt for a Principal Designer to continue our progress on great design and user interface, to push us into the next phase of our product.
Marshall: I'd also like to add design is incredibly important to me and the reason I hired Sid. If you follow my work from my first crypto/fintech startup I've always been a stickler for amazing user experience and design, specifically with Metal I'm going above and beyond and creating what I believe to be a work of art, something that will be on showcase in the Moma in 20 years from now on a design exhibit.
SciGuy: You guys still thinking of launching in Korea? Of all the places, this is where I'm actually going to be paying very close attention. Korea loves crypto.
Marshall: BIG TIME. We want to enter the Korean market ASAP as we know we have quite a few fans there. The goal is to quickly enter the international market by the end of this year. Now that Nebula is working the next hurdles are bank/FI partners, licensing, localization and marketing (its more complicated than that but those are the critical pieces to expansion). Keep in mind we will be allowing anyone in the world to sign up in the future and skip bank while choosing a stablecoin as their "bank" fiat choice. This goes back to the unbanked question. If we just release a crypto wallet and say tada we've banked the unbanked... have we really? I'm serious when I say it. And you can see it in the progression with our products and the vision. Gotta link existing banked citizens along with merchants and unbanked, they all must be in the same ecosystem. Otherwise, the dream can't become a reality.
andrea: I would like to ask about timing. I remember there was a talk about things that could be done before EOY such as new crypto implementing PoPP; debit card, series A round.
Marshall: Yes, I'm happy to say this is all on track. In terms of fundraising round, I believe the missing link for us is demonstrating user growth and b2b client acquisition, something we are working on fiercely right now. One of the things I saw in Dogecoin community that was really awesome was the involvement of the community in viral campaigns (especially for good) such as NascaJosh Wise, Doge for water, Sending the Jamaican bobsled team to the Winter Olympics.
nofomo: Anything you can share about things to look forward to before EOY? Any big partnerships, etc.? From a marketing perspective, are there ways that MTL can showcase or communicate SEC compliance more? Not to flaunt it, but as people scramble out of bad projects/Tether, etc., it might help to get more info out there. When Desk, and can we expect to see USD/MTL pairs?
Marshall: We have quite a few new features coming: PoPP in under ten minutes always, PoPP notifier so you can know if a payment is PoPP eligible, API for other companies (exchanges, cryptos, FIs), adding more cryptos for PoPP funnel, buy functionality, mainnet deposit/withdrawal. Partnerships we have a few big ones in the pipeline 😉 In terms of compliance I think our actions speak louder than words, we operated very differently than 99% of the other companies in the space and focused heavily on compliance in a rapidly evolving landscape. We were chastised initially for keeping the token offering private and to accredited but in the long run this was the correct way to operate and we're seeing that now. Desk/Vault is postponed until next year as we have more than enough to conquer right now on Pay/Crumbs... USD/MTL pairs, soon!!! Not just with us, but on other exchanges we anticipate.
meakkineni: Has any other banks shown interest in Metal lately?
Marshall: Yes, a few big ones, as well as smaller tier 2 banks
meakkineni: Is there any tangible benefit Metal has gained so far by sponsoring Necker Cup?
Marshall: Yes, quite a bit with partners we are in talks with now, in addition to bringing in investors in our next financing round... Not to forget influencers!
cryptoandcannabis: Is there any institutional support for Metal being shown, even in preliminary stages? Now that traditional asset custodians such as Fidelity are in the mix maybe MTL can become a slice of people's crypto asset class
Marshall: We are starting to see interest from the big custodians in the space, very exciting times. Fidelity recently entering has really helped this, in addition, several trust companies are opening up.

On Metal Blockchain…

1Chance: Will [Metal] consider supporting any of the stablecoins?
Marshall: Yes, all of the good ones we will be supporting.
Yannik: Will be some parts of the new Metal Blockchain open source? And based on Stellar?
Marshall: Yes it most certainly will be open source and anyone can connect to our public network. Based on Stellar? Where are you getting this information? 😛
Québécoiserie: Are you working on Metal Blockchain now or has it not started yet?
Marshall: We are in the very beginning phases and testing the assumptions for PoPP on our centralized back-end. Additionally, we are in the process of raising a funding round, The Metal Foundation will be running the open source initiative when we launch it next year.
Decoder1: There is a lot of talk about a Metal blockchain - this sounds exciting but also quite ambitious because it can take years to achieve the fine tuning and security required to develop a new blockchain. Would it be PoW? PoS? Wouldn't it be easier to build a side chain on Ethereum like Loom, or build something on Cosmos SDK to take advantage of existing layer 1 security solutions? If you plan to one day PoPP with other tokens Cosmos might be a good idea. My concern is that with a small team and many things like Desk, Merchant, revamped Vault, new features on the App, Android, new regions, that Metal might be biting off more than it can chew. So if you could elaborate more on these plans that would be great!
Marshall: This is a correct assumption and we are already doing a lot, there is a reason we have put Vault/Desk on hold while we focus on Crumbs and Pay. In terms of the blockchain side, we are staying agnostic and specifically with the consensus mechanism we are looking at lots of options. We will, without a doubt, be leveraging other chains for interoperability. Jae Kwon is a good friend of mine and I think Cosmos has a lot of potential (I'm an investor full disclosure), I also look at the work that has been done with Komodo leveraging the bitcoin blockchain, I find this very interesting as well. The idea here is that this will be a non-profit initiative under The Metal Foundation and not directly intertwined with Metallicus Inc. the private company.
meakkineni: Lately we have been talking more about Metal Blockchain than Metal Merchant. Has the focus shifted?
Marshall: The focus has not shifted, one of the things that did change from the inception of the project until now is that we've decided to stay away from re-inventing POS and merchant software, we feel that it is better to partner with processors than try to replace them ala Square

On ???...

Sporklin: I did warn I came with a vital question. @Marshall Shoes, you are known in the crypto space for having good taste in clothes. What is on your feet at the moment?
Marshall: Hey @Sporklin!!!! Long time no see and thank you. Ok check it out, these ones are steezy and I just picked them up.
Yannik: Is Kangen Water still available in the office?
Marshall: Yes, still on tap, always. Kangen 9.5.
Parker: how many fingers am I holding up?
Marshall: Two? 🤘
submitted by imjoshs to MetalPay [link] [comments]

FINALLY !! A CHIMPION CREATION! ALLOWS MERCHANTS ADOPT E-COMMERCE THROUGH DIGITAL CURRENCY

FINALLY !! A CHIMPION CREATION! ALLOWS MERCHANTS ADOPT E-COMMERCE THROUGH DIGITAL CURRENCY

https://preview.redd.it/kj0mt2cfofe21.png?width=1600&format=png&auto=webp&s=69476eb9d1653873ca82eacbb408c14008af7cc3

INTRODUCTION
Since the inception of cryptocurrency and the bitcoin technology, there has been different platform and trading for cryptocurrency blockchains, we know that the bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Chimpion is an all in one ecommerce, point of sale, digital wallet with crypto to fiat settlement system. Chimpion’s is launching e-commerce storefronts that allow merchants to accept cryptocurrency payments, choosing their favorite altcoin as the base currency denomination and allowing the merchant to settle their crypto into fiat through a stablecoin.
Chimpion (CHIMP) provides merchants with a simple yet sophisticated cryptocurrency payment system with a custom e-commerce and settlement backend. Through Chimpion’s innovative technology, merchants can launch full-fledged e-commerce storefronts and accept cryptocurrency payments online, with the option to set the coin of their choice as the base currency denomination. With a built-in incentive program and dedicated wallet, Chimpion gives businesses a seamless connection to the world of digital commerce.

THE CHIMPION BRAND

Chimpion is derived from the word “champion”, to signify both the coin’s superiority over incumbent cryptocurrencies and the organization’s core mission of championing the adoption of crypto for e-commerce. The word “champion” has a similar pronunciation in many widely-spoken languages, making Chimpion a highly relevant name to numerous cultures. Monkeys have historically played an important role in both Chinese and Indian culture.
The chimpanzee was chosen as a mascot to represent Chimpion because of the species’ association with exploration, being one of the first animals to travel into space. Likewise, Chimpion is pioneering a new era of transacting by driving the adoption of cryptocurrency for e-commerce.
Chimps are also known to be highly intelligent compared to other animals, even surpassing human memory of numerals in some cases, which symbolizes the benefits of a blockchain-enabled economy. Highly community-focused and even capable of empathy, altruism and self-awareness, the chimpanzee is a fitting symbol for Chimpion, which aims to drastically improve the way humans exchange value.

Dual-Token Dynamic

Chimpion (CHIMP) powers our merchant storefronts and e-commerce ecosystem. It is the bounty incentive to onboard merchants in an effort to drive adoption. CHIMP will also be the base currency denomination in the Chimpion Store, which will feature our exclusive apparel product line along with gift cards from major retailers and merchants from the Chimpion directory.
Banana Token (BNANA) is the reward layer of the Chimpion ecosystem. BNANA is earned through purchases from Chimpion merchants using CHIMP or any other cryptocurrency. BNANA functions like points on a loyalty card, which can be redeemed for promotional offers, discounts, and exclusive products.

Coin Specifications

Chimpion is hosted on the EOS blockchain using Delegated Proof-of-Stake (DPoS). DPoiS, a method invented by Dan Larimer, resolves many of the problems seen in Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems. In a DPoS system, a technological democracy is created by a community of block producers and staked users that agree to a certain set of rules.
DPoS and PoS are two different protocols; in a PoS system, every wallet that contains coins is able to participate in process of validating transactions and forming consensus, thus the more coins in your wallet, the more coins you will eventually receive. With DPoS system every wallet that contains coins is able to vote for representatives. These representatives validate transactions and form consensus, and are paid for their efforts through the system. This avoids a pitfall of PoS, which is that, just like in PoW, consolidation will eventually occur.

Blockchain

Chimpion’s crypto e-commerce platform is powered by a unique, delegated proof-of-stake (dPoS) consensus. Our engineers have developed the Proof-of-Store as Proof-of-Stake (poS as PoS) protocol, allowing any Chimpion-powered merchant storefront to become a masternode on the CHIMP blockchain. The Chimpion blockchain will initially operate in the form of an EOS smart contract, which will migrate to its own chain upon the launch of our mainnet. This will enable us to integrate our advanced e-commerce platform with a secure smart contract blockchain that will feature loyalty rewards, dApps, and token creation for our merchants.

Platform

By holding Chimpion (CHIMP), merchants gain access to Chimpion’s robust crypto e-commerce platform for free, without a monthly subscription fee. Developed by Shopping Cart Elite, Chimpion’s crypto e-commerce platform combines the features of popular e-commerce platforms like Shopify and WooCommerce with the convenience of payment processors like Stripe. Our cryptocurrency storebuilder does not require any additional plugins and will be further enhanced with future dApps.
Chimpion also functions as a payment processing system and checkout method, similar to Stripe. Unlike with Coinbase and BitPay, Know Your Customer (KYC) processes are not necessary, as merchants can choose to either settle their funds in cryptocurrency or automatically sell for their preferred stablecoin with assured privacy. The following stablecoins are supported: USDT, TUSD, USDC, GUSD (NYDFS-approved), and PAX (NYDFS-approved).

Chimpion Core

Chimpion’s in-house developed proprietary system is currently being migrated to EOS and includes Paytomat Core in the form of an EOS smart contract and services responsible for maintaining merchant accounts and balances, merchant interfaces (Merchant Web Panel, Merchant App, POS integrations, and e-commerce plugins), and consumer apps (non-custodial cryptocurrency wallets).

Empowering Merchants

Chimpion’s primary goal is to grow the adoption of cryptocurrency as a payment solution by creating a rich e-commerce platform centered on digital assets. We look to not just onboard merchants, but also to create partnerships with the core teams of established crypto projects. Through Chimpion, new startups and established merchants alike can utilize our vast network and propose their business concepts to various cryptocurrency projects. If core teams do not take notice, Executive Diamond Node holders can vote to select that project to receive funding.
As an example, take the following scenario:
Carlos wants to start a dress shirt brand by launching a Litecoin-denominated storefront through Chimpion, where all products are listed at 1 LTC regardless of price volatility. He wants to cater to the Litecoin community so he buys a given amount of CHIMP and submits a proposal to receive funding. Carlos needs $20,000 as initial capital and a $5,000 monthly allowance. The Chimpion community votes
in favor of his project, so he receives the funding in CHIMP and his storefront is listed in the Chimpion directory. Charlie Lee, founder of Litecoin, takes notice and promotes Carlos’ business to his 700,000 Twitter followers.
By pairing the right concept with the right core team, Chimpion creates an ecosystem where real businesses selling physical goods and services will help drive the adoption of various cryptocurrency projects, benefiting everyone – merchants, developers, and investors.
Our target audience consists of three customer types including cryptocurrency core teams, merchants wanting to accept crypto, and customers paying with crypto.

Network

The Chimpion network will be secured with 256 bit SSL encryption and advanced security measures will be taken to ensure privacy and data protection. The Paytomat centralized merchant dashboard and Shopping Cart Elite databases will remain on Shopping Cart Elite-hosted servers and the database vault will be hosted on Amazon EC2 for the duration of 2019. In 2020, the database vault will be migrated to the Chimpion blockchain.

BCD PAY WALLET

BCD PAY WALLET is integrated with #chimpion network, it is a mobile wallet that can be downloaded from google play store with a friendly and an easy to use interface. Every smartphone could become a sophisticated banking platform where users can transact and place orders on the go. Users can use it to send and receive a vast range of digital assets, pay for deliveries, shop online securely because it has the latest security functionality. BCD PAY WALLET GOOGLE PLAY DOWNLOAD
BCD PAY WALLET APK ANDROID DOWNLOAD The mobile application will also be made available on iOS (Apple Play Store) soon, the app will serve as a mobile payment gateway, users will be able to use digital assets to pay for services rendered to them instead of the use FIAT (Government issued currency.) that was traditionally used for payment. The wallet supports all ERC-20 tokens, all EOS tokens, Bitcoin Diamond, Bitcoin Core, Litecoin, Dash, Ethereum, Waves, Bitcore, and many others.


https://preview.redd.it/6eqhiljgpfe21.png?width=1717&format=png&auto=webp&s=5063a80e5dddbba589ee7a9a1037b25b86dfa6a4


CHIMPION CURRENT MERCHANTS

  1. BCD Bazaar
  2. Marks Jewelers
  3. Mahone’s Wallpaper Shop
  4. Rosetta Coffee

ABOUT CHIMPION TOKEN (BNANA)

BNANA is the abbreviation of CHIMPION TOKEN which was created on the EOS blockchain, it is EOS compliant. BNANA is a digital asset that is virtual & electronic which will be used as the standard mode of payment for services rendered on #chimpion platform. Users or holders can purchase merchandise from any merchants on CHIMPION powered online stores without any hiccup.

TOKEN ECONOMICS

COIN NAME: CHIMPION
TICKER: BNANA
NETWORK: EOS COMPATIBLE
TOTAL SUPPLY: 100 BILLION BNANA

COIN ALLOCATION

TEAM & ADVISORY: 5.15%
MARKETING: 7.22%
FOUNDATION PAYROLL: 10.31%
STRATEGY PARTNERS: 15.46%
COMMUNITY AIRDROP: 61.86%
THE CORE TEAM

https://preview.redd.it/5yhpxyrqpfe21.png?width=798&format=png&auto=webp&s=7b3b3a65b2750a2d96cc78da3cbb80f88ea23390



ROAD MAP
Website :https://www.chimpion.io/
White paper : https://www.chimpion.io/whitepape
User name Bounty0x : sobaint1
submitted by sobaint01 to u/sobaint01 [link] [comments]

Just realized we've been accepting bitcoin for almost 3 years

Today is the 3 year anniversary of our company Baron Fig. We've always been big supporters of bitcoin and have accepted it from the middle of 2014 to present.
I remember way back when we were on Squarespace getting it configured. Then we switched to Shopify which was a major hassle. I remember working between Shopify and Coinbase for months to work out some bugs in the integration of the two platforms.
Its been quite an adventure over the past 3 years developing all of our new products and watching as the bitcoin ecosystem grows.
Appreciate all the support from the bitcoin community. We offer a permanent discount of 5% for using bitcoin. And today have an additional 10% code for today - Bitcoin3
If you're interested in paper notebooks, stationery, or pens check out our store. We're launching our hardcover Confidant notebook today in 3 sizes. Hope everyone else in NYC and the northeast stays warm!
submitted by zuji1022 to Bitcoin [link] [comments]

Adam from Baron Fig here. Just want to say thanks for the support.

Hey all, Adam here, one of the co-founders of Baron Fig. You guys have been awesome supporters of what we’re trying to do. The small comments, posts, and nods to our company add up. Thank you for that, it makes a big difference.
For those that don’t know, we’ve been long time supporters of bitcoin, and accept it on our site with a permanent 5% discount. Over the past year we’ve been working hard to raise BTC awareness, from helping get Shopify to integrate properly with Coinbase, to holding our coins, as well as participating in NYC’s first bitcoin fair—bitcoin is something we greatly believe in.
We wanted to thank the /bitcoin community for the continued support. Yesterday we released a new limited edition Confidant. It’s a black and white version called Work/Play, and it’s selling well (likely to be sold out soon). As a continued thanks, we’re offering an additional 10% off today, just enter the code BITWORK10 for a total of 15% off.
Check out the new notebook, and use BITWORK10 during checkout >
Thanks again and hope you enjoy the books!
submitted by zuji1022 to Bitcoin [link] [comments]

I'm only a tiny online retailer, but I've decided to offer bitcoin as a payment option at my store. Short story inside.

I know larger online retailers are finally adopting bitcoin (albeit at a slow pace), and I'm definitely not the first among tiny online retailers to be accepting bitcoin, but I'm ecstatic about finally being able to offer it at my store! I want to share with you my story in case any small retailers like me are still on the fence about adopting bitcoin.
As a small business owner, I'm pressed for time and money. It's obvious that bitcoin will save me money on transaction fees because I travel often, but it wasn't until a few things started happening that finally allowed a small retailer like me to offer this exciting new currency.
All the above addressed my concerns about adopting bitcoin for my business. So, if you are a small retailer still on the fence about accepting btc I hope my experience have made your decision clearer. Feel free to ask me any questions you may have here!
~
Speaking of bitcoin-exclusive discounts: My store, Postertext - Art prints for book lovers will be offering a whopping 25% off on your entire order this holiday season. If you have a friend who likes to read, then definitely check out our store. The designs are made entire out of text from your favorite books!
EDIT: Thank you for all the support! It just dawned on me that you guys might be interested in our Linux poster - featuring Tux the penguin himself.
submitted by tiredrod to Bitcoin [link] [comments]

Here Is a Summary of the Most Popular Payment Gateway Solutions

We recently posted a question about what payment gateways you used and why (you can see that Q here ), and wanted to follow up with a summary of some of the most popular ones out there should you be looking to compare solutions:
Braintree
Braintree has become a competitive payment gateway since its launch in 2010. Eventually getting acquired by PayPal, Braintree now operates as a “PayPal Company” and could be one of the most progressive movers in the payment industry.
They accept payments from PayPal, Apple Pay, Android Pay, Venmo, and even Coinbase (bitcoin)! And, of course, they process traditional online payments as well. What’s notable about the company is their expansion into alternative payment methods. If your target demographic purchases through one of these alternative methods, you might consider Braintree as your payment gateway.
Supported Platforms: Bigcommerce, Magento, Spree Commerce, WooCommerce, Shopify (See other integrations here )
Processing Rates
Contract
There are no contract requirements with Braintree, and you get to take all of your customer data with you for free!
Clients: Bonobos, Airbnb, Uber, Casper, and more
Stripe (what we prefer to develop with)
Stripe began with a simple purpose: make it simple for businesses to do business online. They have a bit of a different appeal in that they build for developers, not merchants. This is an interesting approach for the company and shows their true vision is in the future.
By listening to and working with developers first, the company can be on the forefront of building progressive payment solutions. This was the case with their recent launch of Relay for Stripe.
If it is important for your company to be on top of capturing sales in a “non-traditional way” (through a third-party app, via marketplace, through subscriptions), then Stripe could be the right solution for you.
Supported Platforms: Bigcommerce, Shopify, WooCommerce, Magento, Spree Commerce (see other integrations here )
Processing Rates
Contract
There are no contract requirements, but you must have to agree to the Terms of Service & Privacy Policy.
Clients: Harry’s, Fitbit, Task Rabbit, Lyft, and more
Authorize.Net
Authorize.Net has been in the payment processing space for a while – since 1996. Because of its seniority in the space, this provider has maintained a decent portion of the payment gateway market share. Like the above-mentioned gateways, Authorize.Net provides similar fraud protection services, subscription capabilities, and simple checkout options.
The downside is that if you need to transfer your data, you cannot do it as seamlessly as Braintree’s free migration service. If you want to eventually leave Authorize.Net you will have to redo the entire process of collecting payment information from your clients for recurring billing and payment method. Not fun for you or for customers. On the bright side, Authorize.Net has a friendly interface and allows you to get fairly granular with your security settings so this is a nice plus for your development team (learned this from blk_slp)
Supported Platforms: Bigcommerce, Shopify, Volusion, WordPress, Magento (see other integrations here )
Processing Rates
Contract
Authorize.Net has a month-to-month option with no early termination fees, but if you choose to go through a reseller, you may encounter a contract and termination fees. Here is a detailed list of the “fine print” of their services agreement.
PayPal
The name “PayPal” is synonymous with online payments because they spearheaded the movement back in the late 90s – and they’re still going strong today. As mentioned above, they’ve acquired Braintree and now have that and Venmo under their belt. PayPal has also since separated from eBay, so they are one powerful and progressive entity on their own.
PayPal is a great alternative or “back up” solution to any other gateway solution you may have on your site. You can, of course, use it as your sole solution, but many brands have it as an alternative choice at checkout. Why? It’s a time saver and an alternative to people who do not wish to dole out their credit card info to every retailer they are purchasing from.
With over 165 million users it’s definitely a trusted platform, and chances are a good portion of your demographic has a PayPal account. This could be a good “backup” gateway for you to implement and do some A/B testing on your checkout experience. It could be the difference in making or losing a sale.
Supported Platforms: ALL. Since PayPal usually redirects to its own site, no platform integration is necessary. If you want to integrate with PayPal Express, the redirect is skipped entirely and the necessary information is provided by the Express API.
Processing Rates
Contract
Paypal does not have a contract obligation and you can cancel at any time. You do have to comply with the PayPal user agreement which you can read in full here.
Clients: You can see an exhaustive list of PayPal’s store directory here.
Amazon Payments
Amazon Payments launched in 2007 with the goal of providing users the same checkout experience they recieve from Amazon.com on other sites. Like PayPal, your customers’ transaction(s) can be conducted through Amazon Payments without leaving your website (conducted “inline”).
A plus about Amazon Payments is that your customers can have access to their 1-click shipping options, which is a feature of the Amazon.com checkout that highly increases conversions. If your customer base shops on Amazon, introducing this feature could greatly speed up your checkout process and, therefore, increase conversions.
Supported Platforms: Magento, Shopify, WooCommerce, Volusion (see other integrations here )
Processing Rates
Contracts
Amazon Payments does not operate on a contract and you can cancel your account anytime. Read more about cancellation here.
Clients: Patagonia, Jockey, Honest.Co, Blick, and more
Orbital Payment Gateway by Chase Paymentech
Chase is quite a big name to be moving in the payment gateway space. Naturally, it comes with pros and cons. One of the pros of choosing Orbital Gateway as your solution is that you may be able to get a much lower processing rate than offered by any company listed here (more on that below).
The main con stems from dealing with such a large entity. When companies are this large, they have problems maintaining customer service and providing a high quality product. Don’t expect the level of customer service from Chase that you’d get from PayPal. So, the processing rate is attractive, but it comes at a cost. Additionally, reviews of this gateway show that Orbital is very good at tailoring their pricing to the business versus a flat-rate for all types. If you are looking to lower your cost on processing rates, Orbital may be the right solution for you.
This solution has, however, racked up a lot of negative reviews.
Supported Platforms: Magento, Shopify, WooCommerce
Processing Rates
Contract
Orbital Gateway has now moved away from a contract agreement (though if you purchase through a reseller you may still encounter this) and is now on a monthly model. However, if you sign up to receive equipment from Orbital, you will probably encounter a 24-month service agreement.
World Pay
Another one of the original online payment providers, WorldPay started processing online payments in 1994. They are a global solution and have over 150,000 clients in the U.S. alone. However, because they are such a large company their customer service suffers.
Additionally, there may be some cancellation fees depending on what your WorldPay rep sets you up with in the beginning (more on that below). WorldPay is attractive in its lower rates, but it seems to be laced with fees and charges. Like Orbital, if you are looking for a lower processing rate, this gateway could be the right solution for you – but it’s going to come with a tradeoff. Overall, this solution seems outdated in both interface and pricing model. Our advice would be to read as many reviews as possible before using this solution.
Supported Platforms: BigCommerce, Magento, Spree Commerce, Shopify, WooCommerce
Processing Rates
Contract
With WorldPay, you have a contract of 3 years. Should you choose to cancel early, your fees can be anywhere from $95 – $295. You can read more about their contracts and cancellation fees here, and also take a look at the actual Terms & Conditions on their site.
That wraps it up! Thanks to the users who gave feedback in the original question - your insight helps so much. Especially from a developer's perspective as many people in this sub are owners/biz devs so it helps to have the technical perspective.
submitted by bluestoutdev to ecommerce [link] [comments]

RabbitVibrators.com launches with Bitcoin in mind. Get your Rabbit near wholesale when you pay with bitcoin!

Greetings Bitcoin!
We at RabbitVibrators.com, originally launched in 2002, have just finished redesigning and re-launching the website with Shopify so we could easily accept bitcoin for payment.
To encourage our customers to use bitcoin instead of Federal Reserve notes, we've created a 35%-off discount code that takes our prices very, very close to our wholesale cost, and we also throw in free lubricant pillows on bitcoin orders as well!
Discount code: reddit00bitcoin
Orders received by 6pm Eastern Standard Time will ship same day!
Not only are we accepting bitcoin for payment, but we're actively encouraging our business partners (manufacturers, distributors, etc.) to get into the Bitcoin movement as well! We are part of this community and want to do everything we can to make sure Bitcoin is dominant payment system of the future.
Happy Rabbit vibing!
submitted by rabbitvibrators to Bitcoin [link] [comments]

Aussie Jerky company focusing on BTC sales

Hello Guys!
Remember us? https://www.reddit.com/Bitcoin/comments/32cgfj/australian_beef_jerky_startup_partners_with/
Bitcoin has begun to play a larger role in our business and we are proud to be commencing our next phase of development!
The Bitcoin community has been a blessing by helping us optimise our online stall. The community has been my favourite to work alongside. Not only have we developed the business but have also made some great friends and business partners in Australia and across the world!
All of the suggestions through our previous post were well received and went on to shape how we do things. Thank you for participating and helping us in areas we had struggled. :)
Our next step within the crypto-currency space is to increase our Bitcoin sales and become a model business using our BTC as a financial instrument within the ecosystem, growing our position.
Bitcoins are not only useful for transacting. The ecosystem is loaded with opportunity! Coins can be compounded through swap’s, loans and mining contracts. With our fiat payments, we are limited.
Our plan is to release statistics mid 2016 supporting claims that Bitcoin is most beneficial to business. We will do a direct comparison to our fiat payments and be able to show supporting data.
Positive adoption:
The addition of the Bitcoin “B” to our packaging (140,000 units) has been a success! Many people have been asking us about Bitcoin, how to access more information and even wanting to buy some!
The Bitcoins we receive through our sales are reinvested back into the ecosystem. If they are not in Storage they will be compounding in swaps, loans or mining contracts.
Integration:
The integration was a success and now you can find our online stall accepting Bitcoin seamlessly through our cart. We went ahead with the Shopify re-build as so many of you were suggesting and it works a treat! http://www.ocdjerky.com/ Theres also a %10 discount code for you guys "bitcoin" ;)
If there are any suggestions, let us know.
The Company
Since our last post 6 months ago we have been busy bees!
We have set up our factory and have grown our business through local markets and our online sales. Very shortly we will commence our wholesale and you will find us stocked across supermarkets and retailers throughout Australia. This had taken longer than expected but nothing goes according to plan!
There has been so much hard work going in to the business and it feels like we haven't slept much the last 6 months! Check out some of our feedback: https://www.facebook.com/OCDjerky/
https://bitcointalk.org/index.php?topic=1018933.0
I need your thoughts on how to best increase our Bitcoin interest. We are searching for creative ways to build this side of the e-commerce.
We are open to suggestions and need your help to optimise our store. We want to accommodate for the Bitcoin users around the world. What are your thoughts on how to improve BTC orders? You guys are brutally honest and thats what we need right now.
By mid next year we will have enough data to produce a detailed report on how effective BTC was for our business. By showing the sales, interest on swap earnings and mining contract data we will prove without doubt the effectiveness of crypto-currency for profitability. Using some basic charts in comparison to fiat, BTC will prove to be most favourable!
Hopefully we can generate some buzz out of this and encourage others to follow in our footsteps :D
What do you think?
OCD JERKY
submitted by OCD-JERKY to Bitcoin [link] [comments]

05-05 19:22 - 'UPDATE: CNBC gave me $1,000 to start a business in 14 days, so I launched a crypto apparel line' (self.Bitcoin) by /u/zguz14 removed from /r/Bitcoin within 195-205min

'''
In a strange, one-of-a-kind assignment, I was given $1,000 and told to launch a business -- any business. The only requirement was that it had to go live in two weeks and that all profits would be donated to charity.
After spending $500 to get the site up and running with the design feedback of a bunch of my friends in /Bitcoin - I'm stoked to say sales at [link]1 just crossed the $2,000 mark in just two weeks. Not only that, but about 15% of orders were paid for in bitcoin, which gives me huge hope that other Shopify stores will follow my lead in accepting crypto as a form of payment.
It took some sleepless nights, but every suggestion from the last thread got added to the store, so please keep throwing ideas out there if you got them!
As a thank you to everyone who helped me out, I'm sharing the discount code that's equal to the discount I gave my coworkers. Please don't tell my boss or share it outside the subreddit :) Use "RedditBitcoinFam" at checkout for 15% Off.
Thanks in advance for any thoughts!
Backstory: [link]2
'''
UPDATE: CNBC gave me $1,000 to start a business in 14 days, so I launched a crypto apparel line
Go1dfish undelete link
unreddit undelete link
Author: zguz14
1: c*ypto*row**o/ 2: https://www.cnbc.com/2018/04/20/crypto-crow-how-to-launch-an-online-business-with-very-little-money.html
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Special Bitcoin discount in Shopify?

Let me apologize upfront, because I know this is probably not the right subreddit for questions like this. But I tried googling and looking through various manuals and am still stumped.
My brother and I have our own little Shopify webshop where we accept Bitcoin through Bitpay. We want to join the Bitcoin Black Friday thing, but before signing up there, I wanted to make sure we can set a special discount for Bitcoin payments. But I haven't been able to figure out how to do it ... Does anybody know how?
EDIT: After some more investigating (Shopify Chat and Bitpay support) it turns out that, apparently, it's not possible. You can't create a discount for a specific payment option in Shopify and you can't add any discount in Bitplay. However, Bitpay told me that they're working on a discount feature that they'll introduce soon, but probably not in time for Bitcoin Black Friday.
submitted by ChickenFarmer to Bitcoin [link] [comments]

X-post: Opulent Vapor e-commerce brand and site needs an owner that can give it love...

After my last startup I decided to start an e-commerce shop for Vaping named "Opulent Vapor"; I'm an experienced tech entrepreneur and created a responsive (mobile friendly) and attractive Shopify theme. It needs about four to five hours of finishing work / touches on it.
All of the branding artwork is finished (facebook page artwork, emblem, main logo, fonts) and social media accounts are owned (Twitter, Facebook page, Instagram, Pinterest, Reddit).
Braintree payments are setup for the site it would just need to be transferred, and I also have bitinstant setup with Shopify so you can accept bitcoin payments (that get deposited into your bank account as USD).
I own opulentvapor.com and vaporizerlove.com (visiting the URL's will give you "Shop is not available" because I put it on hold so Shopify would stop billing me but the account, settings, everything is still there).
Why am I selling it? Because life has thrown a curve ball at me and I can no longer spend the necessary time running it that I would like to spend on it. I was going to start selling product in early / mid January but for personal reason I have to now focus on my software consulting business.
It's ready to go, you just need inventory to start selling. My initial plan was to curate the "best" flavors (using JuiceDB as a starting source) and sell small packages. I also feel like selling "subscriptions" might be an interesting business model as no one is doing it but fluid / wicks / cartomizers / clearomizers are all items people buy regularly - I was thinking a monthly subscription model. With a subscription giving people free shipping or a discount.
The other thing this business is setup to do well with is SEO and social media marketing which very few of the vape ecommerce shops I've seen are doing well at. I would be happy to help train you on it.
If interested, PM me and I'll send you photos of the artwork and we can talk about price.
submitted by quinta_essentia to Entrepreneur [link] [comments]

Shopify & Bitcoin

Hi Guys I have a Shopify Website that I'd love to start accepting bitcoins on. Is there an easy way? Or a workout? Would love to contribute to the success that is bitcoin!
What I am thinking is this:
submitted by ferwoods to Bitcoin [link] [comments]

X-post: Opulent Vapor e-commerce brand and site needs an owner that can give it love...

After my last startup I decided to start an e-commerce shop for Vaping named "Opulent Vapor"; I'm an experienced tech entrepreneur and created a responsive (mobile friendly) and attractive Shopify theme. It needs about four to five hours of finishing work / touches on it.
All of the branding artwork is finished (facebook page artwork, emblem, main logo, fonts) and social media accounts are owned (Twitter, Facebook page, Instagram, Pinterest, Reddit).
Braintree payments are setup for the site it would just need to be transferred, and I also have bitinstant setup with Shopify so you can accept bitcoin payments (that get deposited into your bank account as USD).
I own opulentvapor.com and vaporizerlove.com (visiting the URL's will give you "Shop is not available" because I put it on hold so Shopify would stop billing me but the account, settings, everything is still there).
Why am I selling it? Because life has thrown a curve ball at me and I can no longer spend the necessary time running it that I would like to spend on it. I was going to start selling product in early / mid January but for personal reason I have to now focus on my software consulting business.
It's ready to go, you just need inventory to start selling. My initial plan was to curate the "best" flavors (using JuiceDB as a starting source) and sell small packages. I also feel like selling "subscriptions" might be an interesting business model as no one is doing it but fluid / wicks / cartomizers / clearomizers are all items people buy regularly - I was thinking a monthly subscription model. With a subscription giving people free shipping or a discount.
The other thing this business is setup to do well with is SEO and social media marketing which very few of the vape ecommerce shops I've seen are doing well at. I would be happy to help train you on it.
If interested, PM me and I'll send you photos of the artwork and we can talk about price.
submitted by quinta_essentia to ecigclassifieds [link] [comments]

BTCIOT Tutorial - Building an online shop that accepts bitcoin How To Accept Bitcoin on Shopify How To Accept Cryptocurrency On Shopify (SECRET METHOD) How To Accept Bitcoin Payments New Coinbase Commerce Connects to Shopify & Allows you to Accept Bitcoin, Litecoin, Ethereum & BCash

However, bitcoin payments are not yet accepted through their mobile website. What’s more: Overstock allows customers to use other major cryptocurrencies such as Ethereum, Litecoin, Dash, Monero, and the new Bitcoin Cash. 6. Travel (Source: Paybis, Paxful) There are now quite a few travel companies that accept bitcoin. You can use ... Shopify is an e-commerce giant which provides the online environment in which the merchants can open their own virtual selling stands, not unlike what you find on eBay. At the moment, tens of thousands of merchants on it are readily accepting ... On the Payments providers page, deactivate Shopify Payments if it's enabled on your store.. Activate one of the supported payment providers. Your account with that payment provider needs to be set up to accept both card present and card not present transactions—contact the provider directly to learn more.. Enter the credentials for your payment account, then click Activate. 1. What is Bitcoin & Crypto-Currency? 2. Why is it gaining popularity? 3. As an online merchant, should you accept Bitcoin or other Crypto-Currencies? 4. How do you enable Bitcoin payments via Shopify? 5. What tools do you need to accept it? 6. Are there case studies of online sellers accepting it and profiting? (yes) 7. Six ways to get Bitcoin ... Shopify is an e-commerce platform that allows users to create their own online stores, ... store and only to US residents. When a new cryptocurrency was introduced, customers paying with it received a 10% discount. However, today it has become less popular among buyers. Asic Trade offers Chinese mining equipment and also accepts BTC payments. Sites That Accept Bitcoin. Since we talk about a ...

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BTCIOT Tutorial - Building an online shop that accepts bitcoin

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