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What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

Cyclebit Empowers Retailers to Accept Crypto Payments In-Store, Online and On-The-Go

Cyclebit Empowers Retailers to Accept Crypto Payments In-Store, Online and On-The-Go

Cyclebit is a crypto payment processor that allows merchants to easily accept digital assets payments anywhere, in both offline and online environments. It is a global company already established in Canada, the U.S., Europe, and Southeast Asia. Cyclebit currently supports more than 20 of the most popular cryptocurrencies including BTC, ETH, LTC, BCH and more.

Businesses Can Accept Crypto Anywhere With Cyclebit

With consumer interest for crypto growing, many more businesses would like to accept digital currencies but lack the knowledge and technological infrastructure needed. Cyclebit solves this problem as it empowers retailers to take advantage of crypto payment opportunities with simple, affordable, and robust tools for in-store, online and on-the-go purchases.

Cyclebit was launched in 2019 as an independent business entity and is based on an ecosystem and technological expertise provided by ibox. This means it can share partner resources with an established provider with over one million transactions a month, $1 billion annual turnover and 200,000 POS terminals using its technology. Cyclebit is currently operational in Canada, the U.S., Thailand, Vietnam, Japan, and selected parts of Europe.

Crypto technology makes transactions private, transparent and direct between the merchant and the customer – with no intermediaries. Cyclebit leverages this to process cryptocurrency transactions in a way that mimics cash’s desirable features for businesses and customers. Some of the superior transaction capabilities include borderless and universal accessibility, no intermediation fees at the point of transaction, a very high level of privacy and the capacity for offline transfers. Cyclebit also charges 0% transaction fees to merchants for all cryptocurrency transactions.

Online and Offline Crypto Payments Solutions

As cryptocurrencies are becoming more popular around the world, accepting them is becoming a way for businesses to attract more customers and get ready for the future of payments. This is true for both e-commerce websites and brick-and-mortar stores, so Cyclebit offers solutions for all types of businesses. It supports payments in over 20 top cryptocurrencies such as BTC, BCH, LTC, and ETH, and regularly integrates more popular digital currencies.

For online retailers Cyclebit offers an e-commerce payment solution with easy integration into online stores. –°ycle Online lets you accept multi-cryptocurrency payments on your website from all over the world and settle in your local currency. The service includes protection from volatility, chargebacks, and ID theft, and has no hidden fees for processing payments. With this solution the exchange rate is fixed at the time of the transaction, which completely removes the risk of price volatility. And Cyclebit collects and deposits all payments processed directly to your bank account the next business day.

For real-world stores Cyclebit offers a mobile point-of-sale (POS) terminal for accepting crypto payments for goods and services. The Cycle POS supports crypto QR payments and even lets you buy and sell cryptocurrency to your clients directly in the store, thus adding another revenue stream to your business. In addition to cryptos, the terminal lets you accept every cashless payment method available including bank cards, Apple Pay, Google Pay and Samsung Pay. It is a ready-to-work terminal with a pre-installed app, built-in receipt printer, 2D-scanner, and Bluetooth-connected card reader/capability. It offers high security with payment data encryption in line with PCI DSS standards.

The Cycle POS also helps you manage your business in the cloud from the device. It is connected to the Cycle Dashboard, which gives you a 360-degree view of your payments and business in real-time. You can use it to manage your clients, assign discounts, search by phone or loyalty card number, print out paper receipts or send digital receipts to your customers and get reports on sales and business performance.

Cyclebit Lets Shoppers Pay With a Tap Thanks to Tangem Partnership

Another powerful feature of the Cycle POS is that it lets customers easily pay with a tap of a card on the device via a partnership with Tangem. Contactless payments are rapidly becoming the preferred method of paying for goods and services in many markets around the world as they offer greater convenience, security and hygiene. So this feature makes sure your business is ready for the future of in-store payments.

Tangem and Cycle cards can be loaded up with cryptocurrency right at your store, providing a much needed service for users and an additional revenue stream for the business. Each card is in fact a ‘cold storage’ crypto wallet with high-grade hardware protection and can serve as a cost-effective solution for storing as well as spending cryptocurrencies.

To learn more about Cyclebit and how its solutions can help your business accept crypto payments go to www.cyclebit.io.


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The post Cyclebit Empowers Retailers to Accept Crypto Payments In-Store, Online and On-The-Go appeared first on Bitcoin News.



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