Bitcoin news widget for wordpress
February 17, by Ruhul Amin. Bitcoin news widget for wordpress currency was created by an anonymous person under the nickname of Satoshi Nakamato in At the moment it is the most popular cryptocurrency.
Bitcoin news widget for wordpress cryptocurrency is defined as a bitcoin news widget for wordpress currency that allows for bitcoin news widget for wordpress and anonymous peer-to-peer financial transactions over the Internet.
There are no middle men in Bitcoin transactions, meaning that no states, banks or other financial institutions are involved in the process. Bitcoins are slowly released into circulation through a process called mining. A network of powerful computers handles all transactions, using their combined processing power to solve mathematical problems, which serve as a verification method for these financial transactions.
People participating in the process are referred to as miners. By21 million bitcoins will be released into circulation and no further currency will be created. The controlled supply is meant to ensure stable prices and resistance to inflation. Bitcoins have gained a lot of popularity since their implementation, and the cryptocurrency is now widely used by both vendors and buyers. It is particularly popular among the proponents of the free market as well bitcoin news widget for wordpress of the overall Internet freedom.
One of the main purposes behind Bitcoin and other cryptocurrencies that followed in its footsteps was to decentralize money. Paradoxically, several countries have recently stated their plans to regulate Bitcoin. Benjamin Lawsky, the financial services superintendent of New York State, said this week that he will start issuing BitLicenses to businesses dealing with bitcoins.
He said one of the main reasons for this was to prevent the cryptocurrency from being used for money laundering. Such regulation would also mean that exchanges would have to warn customers that transactions in bitcoins are irreversible, the value of the virtual currency is volatile, and that digital wallet keys should be stored securely.
Canada made a similar move, announcing plans for new anti-terrorist-financing and anti-money-laundering laws to prevent abuse of cryptocurrencies like Bitcoin. Bitcoin has remained a popular topic in the media for the last few years, and this popularity was largely to blame for a lot of sudden surges in its value. A lot of merchants have been noticing this media attention as well. Many companies started accepting bitcoins because it markets their image as early adopters and expands their reach among tech-savvy consumers.
It allows vendors to display payment instructions on their sites, to submit payment requests in more than currencies, and get next-day settlements into bank accounts in 32 countries. The next bitcoin news widget for wordpress involves choosing the currency that you want to receive payments in. You can modify it later to span multiple currencies if you like. If you choose a standard currency you will need to add some banking details. If you choose Bitcoin you will need to insert your Bitcoin address.
There are several companies with varying features, etc. Just be sure that you choose a wallet that is compatible with BitPay. In the following steps I will be walking through setting one up with Blockchain. In bitcoin news widget for wordpress, with BitPay you can receive money in multiple currencies from the same transaction.
This assumes that you have an understanding of the security concerns for Bitcoin. Bitcoin news widget for wordpress lets you backup your wallet to your Dropbox account very easily. Once setup, backups will happen automatically. Maybe do that at a minimum. This next steps assumes that you chose Bitcoin as the main Settlement currency. Now, you can get an API key which you will need for bitcoin news widget for wordpress the plugin.
Here are the steps to follow:. The WordPress Bitcoin plugin allows you to easily accept bitcoins as a payment form in your online store or even just receive donations on your site in bitcoins. The plugin offers the BitPay payment gateway functionality described above with all of the features that come with it. WordPress Bitcoin uses a couple of simple shortcodes for adding a Bitcoin Buy Now button to your pages.
This will create an attractive yellow button allowing people to buy your product using Bitcoin. The value that you set for your price and currency will be converted to the current Bitcoin market value. Announcing to the world that your store now accepts bitcoins is a great marketing strategy that many businesses have been taking advantage of. Here are some ideas for you, but think outside the box for more:. I was just talking to someone about setting this up through coinbase the other day- this guide looks pretty straight forward.
Will, it is a different revenue stream entirely as it is used by a pretty unique demographic mostly men They arent using USD to purchase the item although you can get the bitcoin immediately cashed into USD so it isnt a direct competitor to paypal and thus opens you up for new transactions that may not have existed there before.
It is really for people who want to take bitcoin on their site. I have never heard of bitcoin. I mean, PayPal pretty much has the market covered.
Your email address will not be published. Introduction to Bitcoin Bitcoin currency was created by an anonymous person under the nickname of Satoshi Nakamato in Recent Bitcoin News One of the main purposes behind Bitcoin and other cryptocurrencies that followed in its footsteps was to decentralize money. Click Start Accepting Bitcoin.
Put in your Address, select whether you are a non-profit or not, then click Continue. Enter in your Industry, Web Site Address, and choose the software bitcoin news widget for wordpress plan to use perhaps just choose Custom.
Make sure everything is bitcoin news widget for wordpress. You will receive an email from BitPay. Click the Confirm Email button in that message. Create a secure password, enter it in both boxes, and click the Set Password button.
At any rate, here are the steps for setting up a Bitcoin wallet with Blockchain. Go to the Blockchain. You will need to verify your email address, login to the site, and copy out your Bitcoin wallet address.
Past in your Bitcoin wallet address and click on Save and Continue. Click Login to the Dashboard. Here are the steps to follow: Optionally in the Memo field you can specify where the key will be used, or anything else that you want about it. Click Save Changes if so. Copy your key for use in the plugin in the steps to follow. Enable BitPay by checking the box. Modify other values as needed and click the Update button. How to Spread the Word that Your Business Accepts Bitcoins Announcing bitcoin news widget for wordpress the world that your store now accepts bitcoins is a great marketing strategy that many businesses have been taking advantage of.
Here are some ideas for you, but think outside the box for more: You might want to also include simple instructions on how one can create a Bitcoin wallet. Create a press release announcing that you are now accepting bitcoins and send it to various financial publications, blogs that write about virtual currency and your local media.
Add your store to various directories of merchants that accept bitcoins. You can choose one of several promotional signs available here https: Comments 3 responses Brady says: Leave a Reply Cancel reply Your email address will not be published.