Bitcoin is around $1,000 again #bitcoin @bitpay – Spend your bitcoins @adafruit !
Greetings programs! Adafruit is pleased to offer Bitcoin as a payment method for Adafruit purchases. Tons of happy customers, it’s worked out great, we’re using BitPay as our payment processor. BitPay is an electronic payment processing system for the bitcoin currency. BitPay enables online merchants to accept bitcoins, as a form of payment like payments from Visa, Mastercard, Amex, Google Wallet and Paypal.
Bitcoin is hitting $1,000/coin today, it’s a great time to spend it 🙂
Here’s a video from BitPay that explains their service. And below is the Bitcoin.org overview of Bitcoin and video.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
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This is evidently clear that bitcoin isn’t going down, but it rather has god business potential. It truly is beneficial especially during payment transactions. The best thing that happened this year is the number of businesses and individuals who joined the bitcoin bandwagon.