Hello, this is my first thread on a subject I don't know much about... Bitcoin and Litecoin payment processors. I'm curious to use this payment method and wonder if anyone else has any experience.
So far I've found bitpay.com and www.gocoin.com as payment processors for Bitcoin. However, Gocoin.com also processes Litecoin on top of btc (the only place I've found that does both currencies so far.)
Has anyone used GoCoin? I've read that Overstock got over 100k revenue in a day just by adding bitcoin payment, and Zynga also added bitcoin support.
I have been branching out into art and received a newsletter this morning from a large art print site I sell off. It was encouraging artists to accept bitcoin and was written by the owner of one of the largest art printers in the US. So now I am wondering if this is really going to become accepted by regular folk. Tonearm, did you incorporate it into your site and has it made a difference if you have?
"The price of bitcoins has since tumbled from above $900 to $618 as of Monday. That massive drop makes it a dangerous investment and difficult to use as a currency."
""The currency is far from being stable, and it probably won't be for a while," said Harvey, CEO of Lamassu. But that makes bitcoins maddening both for consumers and the businesses that accept them. The constantly changing value is what drives Ryan Hurley's law firm in Scottsdale, Ariz., to cash them out every day in U.S. dollars."
If you use them, I guess you're just hoping that the fluctuations balance out over time. And if you cash out every day, you can help minimize that.