LitePaid, Bitbill and BitSwop are tools that recently started accepting Faircoin as payment. Through these services it is now possible to pay the phone bill or buy spices for cooking with Faircoins.
Using a credit card, a bank account or cash is becoming an option rather than an obligation. New alternatives are emerging and thanks to these we can do without the traditional means of payment to start managing our own economy with digital currency, independent from traditional banking.
We will now explain how these new tools work to make this possible.
Bitbill is an online service that allows you to pay bills with cryptocurrency. For example, if you need to pay the phone bill, the rent or any other service, you can go to this website (https://www.bitbill.eu/ ) and by filling out a simple form with the amount, a reference, and then choosing your favorite cryptocurrency, you can – without having to sign anything – complete payment with Faircoin. Bitbill will arrange the requested transfer. For every transaction you make you will have to create a password and provide your email address so that we can track the status of your transaction, which takes one business day to complete. This service is maintained at a rate of 1%, plus a fixed amount of 95 euro cents. Currently this type of online bill payment is only offered in Europe and the US, but it’s a one step towards a global revolution that is on the horizon.
If Bitbill can support a total of 25 cryptocurrencies, such as Faircoin, it is because it is based on Litepaid (https://www.litepaid.com ), a system for payment processing for websites and online shops that allows the use of virtual cryptocurrencies for the acceptance of payments. Businesses can choose how to receive: whether in Euros or in one of the cryptocurrencies available. LitePaid is a useful tool for those who want to accept Faircoin as payment. The advantages are many and varied: it is safe, with reduced costs, provides immediate transactions and is global.
But the possibilities do not end here. The final tool to incorporate Faircoin is BitSwop, a service which also enables payment with Faircoins, in this case for those online businesses that are already accepting Bitcoin as payment. The procedure is simple: first, you must enter the site where you want to make the purchase and find out the Bitcoin address and amount to be paid. Then you go to the BitSwop website (https://www.bitswop.nl/en ), put in the payment data you have and choose Faircoin as payment. Then you get a screen with the Faircoin address for payment and the amount you have to pay. When Bitswop detects your payment and automatically makes the payment in Bitcoin you requested on the website of origin.
Many websites offering goods and services are accepting Bitcoin as payment; from worldwide spice companies for foodies such as SpiceCaves or translation services through, for example, forbitcoin.com. Just search for what you need and, through BitSwop, you can pay with your Faircoins.
FairCoop are still working every day to support new integrations of payments and increase alternatives that facilitate migration to a more equitable, democratic and transparent economic system.
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