PayCash announces bitcoin integration for merchants at Web Summit, using Kraken for exchange

Luxembourg-based payment processor PayCash is launching Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term payment integration for merchants. The new service was announced today at Web Summit in Dublin.

PayCash is an EU-licensed and regulated payment processor. Last week, they partnered with Kraken to help the exchange reintroduce USD deposits.

Traditionally, we are more accustomed to bitcoin payment integration from firms specializing in digital currency. The inclusion of bitcoin by a regulated fiat-based firm, in a sense, makes the former more mainstream and gives prospective users greater confidence in the safety of their funds.

Like with other merchant integration solutions, bitcoins accepted are converted to euros and sent to the merchant's account. As one would expect, Kraken will be the venue of exchange between the two currencies, adding another dimension to the partnership.

Marcus Becker, PayCash's CMO, believes that Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term will gain wider acceptance by the broader public in the near future. Thus, he said, such services need to be as secure as possible.