Bitcoin

Fix the Money, Fix the World!

Why you should choose Bitcoin for your business?

Bitcoin is a fundamentally new way of storing and transmitting value. Unlike normal money circuits, Bitcoin is able to operate without central authorities or trusted custodians. This makes Bitcoin the first ever open and borderless currency.

Bitcoin is the first currency that gives full control and ownership. For the first time in human history, anyone can own and collect an asset that is truly scarce, permission-free, decentralized, borderless, easily divisible, censorship-resistant, programmable, and non-confiscable. Bitcoin can be sent anywhere in the world quickly and cheaply. It does not require a third party intermediary, such as a bank. A true social revolution enabled by technology.

Bitcoin for your business

Bitcoin is a very secure and inexpensive way to handle payments.

Choose your own fees

There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.

Protection against fraud

Any business that accepts credit cards or PayPal knows the problem of payments that are later reversed. Chargeback frauds result in limited market reach and increased prices, which in turn penalizes customers. Bitcoin payments are irreversible and secure, meaning that the cost of fraud is no longer pushed onto the shoulders of the merchants.

Fast international payments

Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send.

No PCI compliance required

Accepting credit cards online typically requires extensive security checks in order to comply with the PCI standard (Payment Card Industry Data Security Standard). Bitcoin still requires you to secure your wallet and your payment requests, however, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like with credit card numbers.

Get some free visibility

Bitcoin is an emerging market of new customers who are searching for ways to spend their bitcoins. Accepting them is a good way to get new customers and give your business some new visibility. Accepting a new payment method has often shown to be a clever practice for online businesses.

Multi-signature

Bitcoin also includes a multi-signature feature which allows bitcoins to be spent only if a subset of a group of people authorize the transaction. This can be used by a board of directors, for example, to prevent members from making expenditures without enough consent from other members, as well as to track which members permitted particular transactions.

Accounting transparency

Many organizations are required to produce accounting documents about their activity. Using Bitcoin allows you to offer the highest level of transparency since you can provide information to verify balances and transactions through the block chain. For example, non-profit organizations can allow the public to see how much they receive in donations.

Services

Accepting Bitcoin

In your local store, as an international payment or webshop integration.

Initial interview & Consulting

Based on your individual requirements, we will be happy to advise you. For example, on-chain wallet setup and guidance, technical support for buying Bitcoins, etc.

Trainings & Consulting

Implementation of training courses, lectures and workshops on the subject of Bitcoin. IT-technical consulting and service around Bitcoin.

WordPress

Install, set up and administer the BTCPay Server plugin for WooCommerce. Setting up a BTCPAY server. Integration into your own company structure.

Shopware

Install, set up and administer the BTCPay extension for Shopware. Setting up a BTCPAY server. Integration into your own company structure.

Accepting Bitcoin On- and Off-Chain

Setting up your own BTCPAY server via web server provider. Instruction in handling. Training in the use of Lightning.

FAQs

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

Bitcoin is the first implementation of a concept called “cryptocurrency”, which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.

Satoshi’s anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi’s influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper.

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can’t force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Behind the scenes, the Bitcoin network is sharing a public ledger called the “block chain”. This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called “mining”. To learn more about Bitcoin, you can consult the dedicated page and the original paper.

Yes. There are a growing number of businesses and individuals using Bitcoin. This includes brick-and-mortar businesses like restaurants, apartments, and law firms, as well as popular online services such as MicroStrategy and Overstock.com. While Bitcoin remains a relatively new phenomenon, it is growing fast. As of August 2022, the total value of all existing bitcoins exceeded 400 billion US dollars, with millions of dollars worth of bitcoins exchanged daily.

Bitcoin payments are easier to make than debit or credit card purchases, and can be received without a merchant account. Payments are made from a wallet application, either on your computer or smartphone, by entering the recipient’s address, the payment amount, and pressing send. To make it easier to enter a recipient’s address, many wallets can obtain the address by scanning a QR code or touching two phones together with NFC technology.

  • Payment freedom – It is possible to send and receive bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.
  • Choose your own fees – There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it’s possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.
  • Fewer risks for merchants – Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.
  • Security and control – Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.
  • Transparent and neutral – All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.
Bitcoin Chart Companies January 2023

BTC Treasury Hodlings

As of January 2023,
public companies such as MicroStratey and Tesla,
private companies, ETF-like companies and entire states hold
a total of 1,624,996 BTC.
That’s 7,74% of the total supply.

More and more companies are accumulating BTC!

In September 2022
a total of 1,451,013 BTC was held.
That was 6.9% of the total supply.

Microstrategy

MicroStrategy

now holds 132,500 BTC on their balance sheet. In September 2022 it was: 129,698 BTC

Tesla

Tesla

now holds 10,055 BTC on their balance sheet. In September 2022 it was: 10,800 BTC

Grayscale

Grayscale

now holds 635,236 BTC on their balance sheet. In September 2022 it was: 654,885 BTC

Put some Bitcoin on your balance sheet!

Contact us now!

info@weltweitweb.net

Give us a call.

(+49) 89-38 15 60 10