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How to accept cryptocurrency as payment

So now you are ready to send and receive bitcoin cryptocurrency payment on your website. The most awesome thing about cryptocurrency is you can sta…

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How to accept cryptocurrency as payment

The crypto world moves at a frenetic pace of innovation with emerging new trends, additional new outstanding features and new releases. Ambitious enterprises are keen to get ahead of the curve with its great potential. Most of the merchants around the world are opening up to the digital currencies as constantly increasing the benefits of accepting the digital currencies are numerous. They include fast transaction, increased security, privacy, low transaction fees and more blockchains based platforms available in the market that utilize cryptocurrencies. These are becoming increasingly popular and impress more user around the world. There are several reliable payment gateway platforms for users to send and receive bitcoin and other coins.

To start accepting bitcoins you have to follow steps given below:

Choose your Bitcoin PSP (Payments processing provider):

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There are few sites that offer bitcoin the management services such as bitpay, coinify and bitcoin pay. Every one of these gateways charge various transaction fee and has various features, so do your own research to track down the one that suits you best.

1. In case of bitpay, open the Bitpay application, explore to the wallet tab.

2. From wallet, click send.

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3. Enter or scan the address you want to send funds to.

4. When on the send tab, there will be a screen where you can enter the amount you want to send. Click on send max if you want to send the entire balance of wallet.

Also Read: Cryptocurrency And Crypto Trading Signals: An Overview

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Remove restriction by adding your bank account details:

Despite the fact that bitcoin transactions are made anonymous, new accounts are restricted to $1000 worth of transaction each month. To remove this limit merchants are asked to give their personal data for verification purposes. This may incorporate a copy of ID card or passport, your name and addresses of company directors and address of incorporation.

Choose your currency:

Once you open an account, you will be asked which currency you want your bitcoins to convert to when they are paid out to your bank account. Transaction charges are a bit different for various PSP and so exchange rates. 

So now you are ready to send and receive bitcoin cryptocurrency payment on your website.

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There are several companies that will help you accept bitcoins and other crypto as payments for merchants. These crypto payment platforms accept all major cryptos.

COIN BASE COMMERCE:

Coin base as one of the biggest bitcoin exchange platforms in the world, but apart from trading an exchange Bitcoin. On coin base you can also use it for accepting bitcoin for your business. Coinbase Commerce make $135 million worth in 2019. It offers, for 32 countries, it is totally more secure than other platforms.

BIT PAY:

Bitpay is one of the largest companies in the world that are enabling the businesses to accept crypto payment. They support payments in Bitcoins, Bitcoin cash, Ethereum, Wrapped Bitcoins, Dogecoins, 5 USD-pegged stable coins. Payments can be made by customers online, by email and inperson. Another flawless feature offered by bitpay is that it avoid crypto price fluctuations. Another outstanding feature of bitpay is that they offer bitcoin debit cards for easy crypto-fiat transactions. 

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COINPAYMENTS:

Coinpayments is one of the most trustworthy gateways out there because it has been around in 2013. With coinpayment you can accept more than 1480 cryptocurrencies including bitcoins, dogecoins, ethereum, wrapped bitcoins and others. It allows merchants to accept over 1200+ coins with a processing fee of 0.5%, It also offers a lot of bang for digital bucks. Its amazing feature is that it support GAP600 quick confirmation to make Bitcoin payment faster.

GOCOIN:

Gocoin is one of the best ethereum payment gateways. It was established in 2013 it is one of the longest running blockchain like coinpayment that enable merchant partners to accept digital currency like Bitcoin, Bitcoin cash, Litecoins, Dash, Ethereum and EOS as payments. It provides merchants ultimate security and flexibility of payment methods without the danger of charge-back, market volatility and payment frauds. Gocoin offer a 1% transaction processing fee and works with most e-commerce services such as Magento, OScommerce, Prestashop, Shopify, Ubercart, Woocommerce and Zencart. 

Also Read: Cryptocurrencies to be accepted by various businesses as a source of payment

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PAYPAL:

PayPal recently announce that now merchants would enable to accept cryptocurrencies for payment, but for now it is only available for the United States. PayPal doesn’t charge any transaction fee. They accept cryptocurrencies such as Bitcoin, Litecoins, Ethereum, Venmo and Bitcoin Cash. The most awesome thing about cryptocurrency is you can start by investing as little as $1, and you don’t have to open a special account for this, sounds pretty interesting.

You can shop for fashion, homeware and lifestyle or pay for your holidays or for web hosting or other IT services by Ethereum. So what is it?

It  is the world second largest cryptocurrency in that market with capitalization of $140bn. It’s anything but amazing that such countless stores and service provider preferred Ethereum as a payment option, along with other cryptocurrencies.

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Passionate news enthusiast with a flair for words. Our Editorial Team author brings you the latest updates, in-depth analysis, and engaging stories. Stay informed with their well-researched articles.

World

Prime Hydration Faces Lawsuits Claiming Its Sports Drink, Prime Energy, Contains PFAS and Excessive Caffeine

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Prime Hydration

Prime Energy, the sports drink from Prime Hydration, has been hit by a number of lawsuits for containing excessive amounts of caffeine and PFAS. Another lawsuit was filed on April 8 in the Southern District of New York, accusing Prime Hydration, the parent company which manufactures the sports drink, of engaging in misleading and deceptive practices.

Prime Hydration was founded by two Logan Paul and KSI in 2022, and the products became very popular thanks to the huge followings of the YouTubers. However, the company is now facing a slew of lawsuits over the ingredients in their energy and sports drinks.

New Lawsuit Against Prime Hydration

The latest lawsuit, filed on April 8, accuses the company’s 12-ounce energy drinks of containing 215-225 milligrams of caffeine, exceeding the permissible limit of 200 milligrams. The lawsuit was filed by Lara Vera, a resident of Poughkeepsie, New York.

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The lawsuit details that the plaintiff had purchased Prime’s Blue Raspberry products on numerous occasions in August 2022 for about $3 to $4 each, unaware that the products contained caffeine beyond the permissible limits. The plaintiff is seeking damages of $5 million from the company. Lara Vera’s lawsuit alleges that Prime advertised 200 milligrams of caffeine, which is equal to six Coke cans or two 12-ounce Red Bulls. One Red Bull can could contain 114 milligrams of caffeine.

Also Read: Johnson Controls subsidiary Tyco Fire Products to pay $750 mn to settle ‘forever chemicals’ lawsuit

The suit also alleges that there are no safe limits of caffeine for children and that caffeine has been indicted for causing tachycardia, headaches, convulsions, tremors, upset digestion, and adversely affecting mental health.

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Earlier, Senator Charles Schumer, D-N.Y., had asked the Food and Drug Administration (FDA) to investigate Prime energy drinks in 2023 after reports that the products contained high levels of caffeine. The Senator also accused the company of using vague marketing tactics focused on young people, influencing parents to buy the caffeine-laced drinks for their kids. The lawsuit by Vera also quotes the Senator’s call to the FDA.

Prime is also facing another lawsuit filed on Aug. 2, 2023, in the Northern District of California by the Milberg law firm on behalf of Elizabeth Castillo and others. The lawsuit charges Prime’s products with using flavors containing PFAS, or “forever chemicals.” Forever chemicals are a class of chemicals that are not degraded in the human body or nature and have been indicted as a carcinogenic substance. Independent third-party testing has confirmed that Prime Hydration grape flavor contained PFAS.

Also Read: California mother files lawsuit against Tesla after her 2-year-old child starts Model X and runs over her

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Net Worth

George T. Conway Net Worth 2024: How Much is the American Lawyer Worth?

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George T. Conway Net Worth 2024: How Much is the American Lawyer Worth?

Who is George T. Conway?

George T. Conway, also known as George Thomas Conway III, is a distinguished American lawyer and political activist. Born on September 2, 1963, in Boston, Massachusetts, Conway is renowned for his legal expertise and vocal opposition to former President Donald Trump’s administration.

George T. Conway Career

Conway’s legal career is illustrious, marked by significant contributions to various fields such as securities, mergers and acquisitions, contracts, and antitrust issues. He began his career as a law clerk at the US Court of Appeals and later joined prestigious law firms, including Wachtell, Lipton, Rosen, and Katz. Notable cases include representing Paula Jones in a trial against President Bill Clinton and securing a victory against the National Australia Bank. Furthermore, Conway has been actively involved in political activism, co-founding groups like Checks and Balances and the Lincoln Project, which oppose Trumpism and advocate for democratic principles.

George T. Conway Net Worth

As of 2024, according to Celebrity Net Worth, George T. Conway’s net worth is estimated to be approximately $39 million. His wealth primarily stems from his successful legal career, where he has handled high-stakes cases and served as a partner in prestigious law firms. Additionally, Conway’s involvement in political activism, public speaking engagements, and media appearances contribute to his financial status.

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George T. Conway Age

Born on September 2, 1963, George T. Conway is currently 60 years old as of 2024.

George T. Conway Family: Wife and Children

George T. Conway was previously married to Kellyanne Fitzpatrick Conway, a prominent political consultant and former White House counselor. The couple has four children: Claudia, Vanessa, Charlotte, and George Jr. Their marriage ended in separation in 2023.

George T. Conway Height and Weight

George T. Conway stands at 5 feet 7 inches tall and weighs around 84 kg. He possesses a charming personality with black hair and captivating black eyes.

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Also Read: Robert Kraft Net Worth 2024: How Much is the CEO of the New England Patriots Worth?

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World

Grindr, LGBTQ+ Dating App, Faces Lawsuit in UK Over Alleged Sharing of Users’ HIV Status

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Gay dating app Grindr has been slapped with a lawsuit instituted by hundreds of its users. The lawsuit alleges that the app shared private information, including the HIV status of users, with third parties without consent. Filed in London’s High Court, the lawsuit, according to Austen Hays from the law firm representing the plaintiffs, suggests that thousands of Grindr users in the United Kingdom may have been affected.

The law firm claims that Grindr shared highly sensitive user information with third parties for commercial purposes, including HIV status. Grindr, the largest dating app catering specifically to the LGBT community, is accused of sharing data with data analytics companies Apptimize and Locally.

The lawsuit further alleges that the app used covert tracking technology to gather sensitive information, which was then unlawfully shared with advertisers. With over 13 million monthly users and more than 924,000 users reported in the UK as of May 2023, Grindr boasts the highest engagement among dating apps, with users spending an average of six hours and 49 minutes on the app per month.

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A spokesman for the gay dating app stated that they would “respond vigorously to this claim, which appears to be based on a mischaracterization of practices from more than four years ago.”

The lawsuit, signed by more than 670 respondents, claims that the breach occurred between 2018 and 2020. It is anticipated that more people could join the case, potentially numbering in the thousands. If successful, plaintiffs could receive thousands of pounds in damages.

The managing director of the law firm representing the plaintiffs, Chaya Hanoomanjee, stated, “Grindr owes it to the LGBTQ+ community it serves to compensate those whose data has been compromised and have suffered distress as a result. The company must ensure all its users are safe while using the app, wherever they are, without fear that their data might be shared with third parties.”

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Grindr’s spokesperson reiterated the company’s commitment to protecting user data, asserting that they have robust processes in place that fully comply with data privacy regulations in the UK and elsewhere.

Also Read: Johnson Controls subsidiary Tyco Fire Products to pay $750 mn to settle ‘forever chemicals’ lawsuit

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