You could make a Bitcoin payment for everything you want in just few minutes. LitePay platform allows website owners, developers and merchants to accept Bitcoin and Litecoin easily without the need of submitting any kind of identifiable personal information. Are you tired of using Bitcoin/Litecoin payment gateways and processors that require verification, signup for service or keep logs? Is easy, we don't ask you any personal data and you don't need to do any account. Why to choose a Bitcoin payment processor ? We have a solution for that and offer such services with an emphasis on anonymity.
If a company needs to get paid anywhere in the world, it is a rather difficult process because depending on the size of the market and the strength of the currency in question, businesses lose millions of dollars in fees and conversion unnecessarily. Contract would be in the blockchain eliminating laborious checks and mailing and the money would not take days to be compensated back to the home country account: it would be available instantly which reduces risk and the need for factoring. Bitcoin payment processor payments would be a massive solution to problems of KYC, contracts and currency conversion for international payments specially. With Bitcoin payment processor payments adoption, KYC would be minimized because all of the process would be as simple as accessing a blockchain based KYC system that is tied to a company owned IBAN.
What you get in return is convenience, security and the ability to pay anywhere in the world with one single mode of payment which in this example is the credit card. A Bitcoin payment processor is a company that authorizes payments on behalf of individuals to companies. For example, a payment processor processes a credit card transaction and a company gets paid minus the processing fee shared between the credit card company and the processor.
This kind of volatility means that business enterprises of all sizes need to ensure that any payments received in Bitcoin are quickly converted into fiat currency to avoid any potential losses. They allow merchants to automate these payments and provide a host of other tools and reports to help make the whole process as convenient as possible. Bitcoin payment processors facilitate the immediate transfer of Bitcoin and other altcoins into fiat currency. Since then there have been several rapid rises and declines in a matter of hours.
Certain countries are starting to see mass adoption of Bitcoin payments in retail outlets with some being pitched by major banks. The adoption Bitcoin payment technology is a bit slower in other markets but it is still popular in Germany and in the United States. For example, it is possible for you to start accepting Bitcoin payments right away on your website or store by signing up with a few companies yet ethereum based payments are less common. The technologies are vast and you will encounter solutions in varying levels of robustness and adoption. In Japan, for example, there are multiple companies including national retailers already accepting Bitcoin payments in their stores. Bitcoin payments are becoming more and more popular with shops and online retailers by the thousands already accepting it as well as other cryptocurrencies as part of their payment channels.