My Favorite Cryptocurrency #Steem – How Can We Get Businesses to Accept as Payment? | GoCoin.com

Hello to Steem World,

It is very refreshing to be back on the Steem blockchain after a long break of 2 years, and Struggle to recover my private keys. Yesterday I logged in my account to check popular activities on this blockchain and I saw some posts under the head of My Favorite Cryptocurrency. I read some of the posts & comments to understand internal activity.

So I understood that @steemitblog has organized a monthly challenge for the steemians. So I decided to provide my entry to this challenge. So let's start with answering some of the important questions.

Source

1. When did you learn about cryptocurrency and how long have you held it?

Cryptocurrencies came to my knowledge back in 2017. At that time there was so much hype of Crypto, I was in college in 2017. Many of my friends were talking about crypto and it's trading. But I never showed my interest in crypto as this is High risk-High reward-based system.

In 2018, while searching for some income source, I joined steemit and tried to earn for my college fees. but it didn't work for me as I did not know about this blockchain. So I quit posting on steemit and joined back today. This is my first post after 2 years of break. So I can say that I never held any cryptocurrency as of now.

2. What makes you like the cryptocurrency most and how do you use it?

The main reason for liking crypto is that " I'm the real owner of my holdings". There is no other electronic cash system in which your account is owned by you. I think this point is enough for liking cryptocurrencies. But other than this, I like crypto because it Theft Proof. It's secure and easy to use, this is the reason why the cryptocurrency is in high demand. Also, Crypto provides instant settlement of your holdings.

3. Which platform you like to trade cryptocurrency?

I haven't traded Cryptocurrency so far but I heard about WazirX as one of the best crypto trading platforms. If in future I ever have to trade Crypto then I'll use WazirX for sure but after some discussion from Crypto experts.

4. What changes does cryptocurrency bring to your life?

As I said I'm new to the crypto world, so there is noting changes for me till now. I hope to learn about Crypto as there is so much scope of earning.

5. How can we get businesses to accept cryptocurrency as payment?

I read some posts under this head and saw that many of platforms are already covered and there is nothing much left to share about. But still, I continued my search for another 3-4 hours yesterday and got to know about GoCoin.com.

So let's start with some brief understanding of GoCoin platform.

GoCoin

Source

Bitcoin solution is written in Go language (golang). It can be built for every platform that has a working Go compiler. Founded by Steve Beauregard & Bob Wilkins in 2013.

GoCoin Payment Gateway is an international payment processing platform offering a payment gateway consisting of customers’ APIs that are open for integration into businesses, retail and online merchants so they can accept Bitcoin, Litecoin and Dogecoin as payment methods.

Supported Crypto

• BTC (Bitcoin)
• LTC (Litecoin)
• DASH (Dash)
• BCH (Bitcoin Cash)
• ETH (Ethereum)
• EOS ( Currently not accepted)

Merchants can start accepted these coin at their sites.

If you want to Integrate all of the currencies for your store then you've to sign up for a free account with GoCoin, all you need to do is integrate GoCoin into your shopping cart platform.

Fees

They charge a 1% fee on completed invoices. All of their support services, documentation, and bank transfers are free of charge.

Cons

• Doesn't provide wallet, you must obtain a wallet from a third party service.
• You can't sell or buy crypto from gocoin.
• You can't convert Cryptocurrency into another.

Countries that are blocked from service

Due to our current regulation, They can not allow merchants from:

• Afghanistan
• Balkans
• Belarus
• Burma (Myanmar)
• Ivory Coast
• Cuba
• Congo
• Iran
• Iraq
• Lebanon
• Liberia
• Libya
• North Korea
• Somalia
• Sudan
• Syria
• Zimbabwe

Businesses that are not allowed

Here is the list of business types that we can not issue merchant accounts to:

• Firearms
• Nootropics
• Products that contain THC (Marijuana)
• Drugs and experimental chemicals
• Ponzi schemes or HYIP
• Illegal pornography
• Torrenting or torrent hosting
• Malicious software

GoCoin is the international payment platform enabling merchants to accept Cryptocurrency payments at checkout. With GoCoin, all you have to do is accept the direct deposit to your bank account or a digital wallet and they do the rest!

I hope, I covered every information related to GoCoin in this post. This is my first post after a long time.
I am not a crypto expert, so there may be some mistake in this post.

If you like my post please support me.

Thanks

@steemitblog,
@steemcurator01,
@steemcurator02,

#India