Bitcoin is an alternative virtual payment solution and we now accept bitcoins for all products in our store as well as our other methods including PayPal and Credit Cards.
It is a decentralised digital currency without ownership or control and is built using open source technology and is community driven just like WordPress which is one of our key development platforms.
What are bitcoins?
Bitcoins are a form of virtual currency based on cryptographic code that enables people to transfer digitally and without the fees of premium merchant accounts. In essence they are one of the first global stateless currencies built for the digital age.
How Do Bitcoins Work?
Bitcoins are essentially encryption keys and lines of code stored in a digital wallet. This wallet can either be kept on your own computer Bitcoin Wallet or a hosted Bitcoin Wallet company such as Coinbase or Bitcoin exchange such as Bitstamp These keys are exchanged between wallets in exchange for goods, services, or currency and the market value follows supply and demand of the currency.
Why Did We Decide to Accept Bitcoins?
Bitcoins represent a growing economy and whilst the currency is widely regarded by people in finance, places to spend bitcoins are still limited in comparison to currencies like the Pound, Dollar, or Euro. We would like to do our little bit to encourage wider adoption of the Bitcoin currency and provide a legitimate way to invest bitcoins into building your business.
How Do I Get Bitcoins?
If you want to start trading in bitcoins or to use them as a Payment method then the easiest way to get started is with a bitcoin exchange such as Bitstamp to exchange your local currency, e.g. USD, GBP, or EUR, into bitcoins. The currency exchange will provide you an estimated value of a bitcoin compared to your local currency .
You can learn more about Bitcoin in this short introductory video from WeUseCoins.com: