The excessive growth of digital currencies and blockchain based solutions powered a switch of future online payments from traditional banking to crypto. It is estimated that global online retail will increase up till 3 trillion dollars in the end of 2018. With such potential of the industry new players started to emerge offering completely different ways to get paid for e-commerce businesses.
Why Is Crypto so Much Better?
There is a growth in retail world such as has never been seen before. In order for brokers to catch up, they need not only put much more effort into marketing and positioning strategies but also to choose the right online payment handling partners.
It has been realized that cryptos have become a very prevalent method of payment. This has made all ecommerce innovation-driven businesses start to look for decent online crypto payment processing companies to provide more added value to their clients and stand out in the industry. By adding crypto the conversion rates for any e-shop will increase for the customers.
Cryptocurrencies like Ethereum, Ripple or many others are great for immediate cheap transactions. No banks, credit card companies or a huge number of other middlemen need to participate in the process of a sale. It is all straightforward like it should be in times booming re-invention of digital technologies.
Bitcoinus is going to offer solutions like that for every business. It will be more attracting as when paid with Bitcoinus, no transaction charges, as less as 2 seconds to approve any transaction. This is something worth adopting for a business if it is to adopt blockchain.
Bitcoinus – a new startup is aiming to overtake the dominance of online payments in only a couple of years.
Traditional processing companies are eager to switch to blockchain-based technology due to many existing uncertainties. Last year‘s increase of capitalization of all cryptocurrencies and immediate spread of the number of blockchain solutions will affect virtually all existing online businesses. Safer and more efficient information distribution brings a completely new approach to internet payments as well since it is also only a form of information that changes hands.
Making Crypto Payments Low Cost & Flexible
More and more people start to use cryptocurrencies to for goods and services online. Currently, it is not either easy or convenient.
Bitcoinus will offer clean and flexible API for developers of any online business to develop their own solutions with integrated crypto payments. The plugins for all major ecommerce platforms like WordPress, Shopify and a number of others.
Tomas Mickauskas, the founder of Bitcoinus, says:
The main benefit as such is the fact that a transaction cost which will come 0,5% as standard. It will even be free for both parties paying with BIU tokens which open completely new horizons for online business cost management. Our vision is to make ecommerce more profitable as the increasing competition drives the P/L curve downwards. Bitcoinus will also bring back the opportunity to succeed for all small enterprises.
The ICO of Bitcoinus will commence on 22nd of January. All contributors will be able to get a generous 47% discount on BIU tokens. Some of the best examples of future benefits are free transactions to B2B clients who will be interested in adopting the cryptocurrencies as their new progressive payment method.
“We are ready to introduce the so needed crypto payment processing solution to the world of ecommerce. Big retail corporations only get bigger because they have favorable conditions. Bitcoinus will provide them to all businesses. Cryptocurrencies will certainly have a huge influence in traditional retailing, taking a part of this revolution is a huge privilege.” – says Povilas Ruzgaila, an ICO Expert and the head of business development in Bitcoinus.
All individuals who will support the Bitcoinus project will also be able to get a variety of discounts while shopping at Bitcoinus retail partners’ online platforms and e-shops. BIU tokens will be traded in all major exchanges to provide liquidity. Therefore all conditions will be created for the BIU token to be accepted as a payment method to all Bitcoinus partners.
Bitcoinus ICO presale will offer 8M tokens 47% off the regular price, starts on 22nd of January.
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share