- HashCash says it has launched a white label solution for e-commerce merchants to accept bitcoin (BTC) payments
- The firm says merchants using its solution will also have access to its bitcoin invoicing, dispute management and ticketing solutions
- Users will be able to trade in their bitcoins for fairly-used mobile phones and new ASOS sweaters on supported e-commerce sites
HashCash, a distributed ledger technology (DLT) project has announced the launch of a system that would enable e-commerce merchants to accept bitcoin (BTC) payments in a frictionless manner, reported Finance Magnates, November 8, 2018.
An Innovative Bitcoin Payments Solution
In a bid to contribute its bit to the growing global bitcoin adoption, HashCash blockchain platform has reportedly launched a new white label solution to make it easier for e-commerce merchants to accept bitcoin payments.
Per the HashCash team, in addition to being able to accept bitcoin payments with the end-to-end solution seamlessly, users of the platform will also have access to bitcoin invoicing, dispute management and ticketing solutions.
That’s not all, HashCash has also hinted that users will be able to trade in their bitcoins for ASOS sweatshirts and second-hand mobile phones on supported e-commerce sites.
Bitcoin Slowly But Steadily Going Mainstream
With the scalability issues of the Bitcoin gradually coming to an end, thanks to the highly functional solutions such as Segwit and the Lightning Protocol, a vast array of merchants and businesses are beginning to look towards the direction of integrating bitcoin and other digital assets.
As previously reported by Blockchain Reporter on November 1, 2018, forward-thinking online casinos and betting sites are now integrating bitcoin into their operations to drastically cut down on transaction fees that come with other traditional payment systems such as bank wire transfers, credit cards and others.
In spite of the relatively volatile nature of cryptos as compared to fiat currency, these businesses find blockchain-based virtual currencies a better deal than their traditional counterparts.
In related news, earlier in November Blockchain Reporter reported that Remixpoint had joined forces with Hinomaru to make Japanese residents pay for airport limousines and taxis with bitcoin
While there are already quite many established bitcoin and other digital currency payments processors currently in existence, including BitPay , CoinGate and a host of others, the fact remains that the market is very vast, and there is room for more innovative startups to launch operations; hence, the HashCash bitcoin payments initiative appears to be a welcome development.
