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BitShopping Blog

The Benefits Of Paying With Bitcoin

Posted by Joshua Maher on

Bitcoin is still young. While it's been around for close to 10 years, the technology underlying it and its use as a proper currency are still in its infancy. While there may be plenty of options for paying with a credit card, debit card, or PayPal, there are multiple benefits to using cryptos for payment depending on your goals. Below are three of the main reasons to use Bitcoin for your next transaction.   No Central Authority  One of biggest benefits of Bitcoin is you get to cut out the middleman.  There's no Government issuing the currency like fiat money so they can't inflate...

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Bitcoin Payment Processors

Posted by Joshua Maher on

Bitshopping.com.au strives to provide the biggest store range of products in Australia all available to purchase with Bitcoin. We're the one-stop-shop for everything from fitness gear to electronics to furniture.And we want to make it easy for you to use your Bitcoin to shop online for anything you want. Some Bitcoin payment facilities have already managed to establish a foothold in the payment processing world such as BitPay. While other providers such as Stripe have dipped their toe in the water but decided to back off until it better suits their business goals. The future could hold many more and...

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How To Pay Online With Bitcoin

Posted by Joshua Maher on

If you've never paid with Bitcoin before, this quick guide will get you started. It's not difficult, particularly if you're already set up with a cryptocurrency wallet. Bitcoin Payments vs. Credit Card TransactionsThe difference between the two is fundamental and can be described as push vs. pull payment. Bitcoin payments are akin to settling a transaction in cash with another person (although done digitally). You ask for what you want, the merchant tells you the price, and you send your payment to their wallet. This is a 'push' strategy. Conversely, with credit cards (and debit cards) you're giving authorisation for...

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Where Can I Spend Bitcoin In Australia?

Posted by Joshua Maher on

There's been a hot debate on whether Bitcoin works as a functioning currency, or whether it's simply a store of value. One of our main goals at BitShopping.com.au is to advance the acceptance and use of Bitcoin as a currency. Something that people can use for tangible purposes like buying a coffee or retail shopping online or paying their bills.While adaption is still in the early days, the more people and places that use cryptocurrency, the more it will grow. Whether it's an e-Commerce site or Point Of Sale system in a store, Bitcoin can already be taken as payment at multiple...

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Digital Currency vs. Fiat Currency

Posted by Joshua Maher on

Most Australians are already used to some kind of "electronic money". I can't remember the last time I saw a cheque in my hands! Which is probably why they are set to be phased out by the end of 2019. Debit and credit card use in Australia has eclipsed cash in the last few years according to Reserve Bank of Australia (RBA).It's what gets paid into our bank account, what we use every time we swipe our cards to pay for a transaction, and every time we BPAY a bill. This is a digital version of your hard earned money...

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