Bitcoin is a new digital currency that it's perhaps the best form of money that we have ever seen. It's important because most of us don't understand money very well, and perhaps the concept that is harder for us to understand about money is that money is and has always been a ledger. And people often ask, "What is money backed with?" And the truth is money is not backed with anything. It has never been backed with anything. The Euro is not backed with anything in particular, and neither is any other currency in the world.
Shopify's BitPay integration is one of the easiest ways to start accepting Bitcoin payments online and it's how we do it here at Bitgear.
Shopify is a fully hosted commerce solution that makes creating an online store super easy – even if you don't know how to code. BitPay is a payment gateway that integrates with Shopify and allows you to accept Bitcoin payments on your Shopify store which you can keep in Bitcoin or have converted into other currencies.
The Bitcoin community is still relatviely small but they love to support businesses that accept and promote Bitcoin so adding it as a payment option to your site could allow you tap into a new audience of buyers.
Despite all the mainstream media attention surrounding Bitcoin, it remains a confusing concept for many people.
As soon as words like "cryptocurrency", "decentralized" and "peer-to-peer" start to get thrown around, you can see people's eyes start to glaze over.
The thing is, once you wrap your head around Bitcoin, you begin to realize that it's not that complicated after all – and, it's really, really cool.