NZ ISP to accept payments in Bitcoin

New Zealand based internet service provider Slingshot is now offering its customers the option to pay for their broadband internet connection using 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.

Slingshot’s view is to connect people to the internet of things using a currency designed for the internet. The new payment option, according to Slingshot’s General Manger Taryn Hamilton, should appeal to the ever growing Bitcoin user-base.

"We're a web company, so it seems fitting to accept the world's premier web currency," Hamilton said.

BitPay will be the payment service provider behind Slingshot’s new Bitcoin support, offering real time conversions to FIAT. Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term will be taken at the current Bitcoin to NZ$ exchange rate.

Slingshot joins over 30,000 businesses accepting the digital currency around the globe. BTC accepting companies which include Overstock.com, WordPress, Virgin Galactic, Dish, and Fiverr. According to Hamilton, sling is the largest New Zealand company to accept payment in Bitcoin.

In other Bitcoin related news, The National Bank of Russia is looking to legalize the cryptocurrency to be used as a regulated and recognized form of payment.