What is a cryptocurrency?
To start with, it might help to explain just what a cryptocurrency is. Keeping things simple, it’s a digital currency that isn’t controlled by any bank or government, but instead uses complex encryption techniques that allow it to be exchanged amongst its users for goods and services.
Most cryptocurrencies use a form of technology known as a blockchain to store information about every transaction that occurs. Groups of transactions are added to this shared database one by one, creating a chain of blocks that can be seen by everyone.
Once a transaction is stored on the blockchain, it can’t be deleted or changed.
What is Bitcoin?
Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions. It is rewarded to blockchain miners who verify transactions and can be purchased on several exchanges.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.
It has since become the most well-known cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies.
Can e-commerce drive the growth in the price of Bitcoin?
As the global e-commerce market grows and more and more online businesses keep adopting Bitcoin as a payment method, the price of Bitcoin is likely to continue growing.
The adoption of Bitcoin ETFs can also be a significant tailwind for the crypto industry as a whole – further pushing Bitcoin into the mainstream limelight.
Bitcoin holds a unique position on the global market – as both a store of value and method of exchange, which further boosts global demand for the currency and drives its price upward.
E-commerce businesses are well aware of its prospects, which is why the adoption of BTC has been accelerating in recent years.
How To Use Bitcoin For Ecommerce Payments at ( HEMPEARTH )
The global e-commerce market is a rapidly growing one, with some estimates expecting it to reach a size of $47.7 trillion by 2030.
This creates a major potential tailwind for Bitcoin, as more and more e-commerce companies get onboard with crypto adoption like US !!!!
Bitcoin payments are fast, reliable, and quite easy to implement for e-commerce companies, which adds a layer of convenience for crypto enthusiasts to easily access essential products and services without having to convert their funds into fiat currency.
CashApp
If You Already Have CashApp And A Cash Balance Proceed To Info Below In Part #2
Part #1
- Download the app for iPhone or Android
- Create a CashApp account
- Connect CashApp to your bank account
- Add cash to your CashApp
Create an Account
- Tap on Cash App to launch it
- To create an account, enter your phone number or an email address
- Cash App will send you a secret code via text or email—enter it
- You can invite friends to sign up with Cash App to earn cash (optional)
- Enter your debit card/credit card info to link your bank account to Cash App
- Pick a unique username
- Enter your zip code
- Start using Cash App!
Adding Cash
Before you can pay with CashApp, you need to add some fiat to your Cash Balance.
- Launch Cash App
- Tap the bank icon in the lower left corner to open the Banking tab
- Tap the Add Cash button
- Enter the amount of cash you want to add to CashApp
- Tap the green Add button
Purchasing bitcoin requires that you have a balance in your Cash App. You may also need to enter additional information.
How To Buy And Send Us Bitcoin From Your CashApp Once You Have A Cash Balance
- Open up your CashApp once you have added fiat to your Cash Balance
- Click the icon on the bottom left of App $
- Click on Bitcoin Graph where it says Buy bitcoin
- Buy Bitcoin (BTC) for the price of your order plus any applicable fees
- It’s going to ask you for your verification
- Confirm. You have now bought some Bitcoin
- Tap the Arrow button
- Enter the amount $ of your order plus any applicable fees and Press Send
- Where it says “To” on the first line copy and paste our Bitcoin Wallet address provided and confirm, then click Next in the top right
- Select your withdrawal speed and click Next
- Then click Done
- If you require confirmation of our Bitcoin Wallet address or QR code to make payment, email us hempearthcanada@gmail.com
- After a payment is made and fully “Completed” please send us a detailed screenshot.
Moon Pay
First you must log onto MoonPay here: https://www.moonpay.com/buy choose how much you want to spend which is always the price of your order plus a little extra for fees, buy that amount in Bitcoin, Ethereum or your chosen cryptocurrency that we accept – (our detailed official crypto wallet addresses are provided after an order is placed) and press continue.
If you haven’t signed up yet, you shall be promoted to add an email address.
Next you’ll be asked to enter a wallet address, be sure you enter our BTC or Ethereum Wallet address we provide you after your order is placed, if you are unsure of the correct wallet address, please kindly email us at info@hempearth.ca and we shall be happy to provide it to you.
Once you enter our Bitcoin wallet address or Ethereum wallet address we have provided you in order instructions, press Continue and you shall be asked to enter your Credit Card details, and agree to the Terms of Use and the agreed rate of exchange, in the bottom left, you can tick the box to agree and click “Buy Now.” and you are all set. Once fully “Completed” please send us a screenshot of your payment transaction.
What are the advantages of using Bitcoin as a payment method?
For e-commerce companies, accepting Bitcoin as a payment method comes with a few notable advantages for these businesses, such as:
- Low transaction fees – Bitcoin transactions typically have lower fees compared to traditional payment methods like credit cards or bank transfers, which can be a cost-saving tool for e-commerce businesses
- Fast processing – Bitcoin transactions can be processed more quickly compared to traditional payment methods, especially for international transactions, which can take several days to clear through banks
- Global access – Bitcoin transactions are border-free, which means that e-commerce companies can accept BTC payments from anywhere in the world
- No chargebacks – Bitcoin transactions are irreversible, meaning once a payment is made, it cannot be reversed. This eliminates the risk of chargebacks, which are common with credit card payments and can result in losses for merchants due to fraudulent claims.
These are only a handful of advantages of accepting BTC payments for e-commerce companies, which is why the adoption of Bitcoin has been growing exponentially over the past few years.
Final Words
The use of cryptocurrency in e-commerce like HEMPEARTH is expected to continue growing in the coming years. As consumers become more comfortable with using it, we can expect to see a shift towards a more decentralized and secure e-commerce system.
