Bitcoin Payments for Crypto Companies

Bitcoin provides a faster, safer, more private and lower cost form of payment that improves the experience for both your users and your business. Offer more options for your customers to pay faster, cheaper and without taking on additional risks.

Like many other cryptocurrencies, bitcoin payments do not have identities associated with them. Payments made over the lightning network do not appear on the blockchain and are impossible to determine the source of the payment. Blockchain payments are traceable, however they do not have any personally identifiable information associated with them.

While not yet widely supported, Bitcoin can support automatic monthly payments using a new protocol called Nostr Wallet Connect (NWC). As support for this new protocol increases, you’ll be able to benefit from predictable monthly payments from your customers.

Yes! There are dozens of websites that will gladly promote your business to the bitcoin community when you start accepting bitcoin payments. Many bitcoin enthusiasts specifically seek out businesses that align with their values and will gladly support and promote your business and brand when you start accepting Bitcoin. Recall that Lightning Network payments are supported by several large exchanges that your customers may already use, such as Coinbase, Binance and Kraken.

Regular Bitcoin payments come with a transaction fee that is dependent on market conditions; if there is a lot of activity on Bitcoin, it may be very expensive to send a transaction. Accepting bitcoin payments over the Lightning Network with Bitvora can reduce these costs, which can increase your profit margins or pass those savings along to your customers.