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The Bitcoin Business Newsletter | BTCPay Server for Business

Sovreign
October 31, 2024
|
5
minute read

Key insight

This week, Joel Andrew presents a concise introduction to BTCPay Server—one of the many tools businesses can use to start accepting bitcoin payments.

Bitcoin payments offer many advantages over traditional payment rails. They have low transaction fees, coupled with much quicker settlement, which—unlike most payment services—achieves final settlement, reducing fraud and chargebacks.

BTCPay Server is a self-hosted, open-source bitcoin payment processor. It's secure, private, censorship-resistant, and free—with no fees or subscriptions.

A key feature that makes BTCPay Server a must-have is its ability to process bitcoin payments without banks or financial intermediaries. This allows your business to achieve financial self-sovereignty and be in control of your own transactions.

All payments go directly to your linked wallet of choice. The platform allows you to visualize wallet balances over various time frames, showing transactions listed as in/out, pending payments, and potential refunds. It also offers Lightning Network functionality, enabling integration with your own Lightning Network node.

BTCPay Server also offers a web-based Point of Sale (POS) tool for brick-and-mortar establishments, which can be accessed on any device with internet connectivity.

Even if you're not fully prepared to adopt bitcoin yet, this system allows your customers to pay with bitcoin alongside traditional payment methods like credit cards or PayPal.

This year marked the beginning of the digital gold rush, and businesses will be looking for intelligent ways to acquire more bitcoin. Accepting it in your company might be an ideal starting point.

If you're interested in learning more, contact us or explore one of the resources below.

Top News Stories

Florida’s CFO Recommends Bitcoin Investment for State Retirement Funds Amid Growing Interest

Florida’s CFO Jimmy Patronis has proposed adding Bitcoin to state retirement funds for diversification and policy alignment.

Suriname Presidential Candidate Maya Parbhoe Pledges To Make Bitcoin Legal Tender on Day One

Suriname candidate Maya Parbhoe pledges Bitcoin as legal tender to achieve financial independence.

Microsoft Weighs Bitcoin Investment in December Amid Board Opposition

Microsoft’s board opposes a proposal to consider Bitcoin investments, citing volatility and existing treasury practices.

Pennsylvania House of Representatives Approves Bitcoin Bill

The Pennsylvania House passed HB-2481, protecting Bitcoin self-custody, tax exemptions, and node operation.

Other Noteworthy News

🚗 Tesla Confirms No Bitcoin Sales During Q3

Lightspark Announces New Bitcoin L2 and Upgraded UMA Capabilities

🕰️ NYSE Arca Considers Extending Bitcoin ETF Trading to 22 Hours

💵 Grayscale Bitcoin Mini ETF Bags $15M from Major Investor

Recommended Articles

How New FASB Rules Make Bitcoin Adoption Easier for Businesses: Inflation Hedge & Transparency — josephmcgee.vip

Discover how new FASB accounting rules allow businesses to adopt Bitcoin more easily with fair value reporting, providing a strategic inflation hedge and improved financial transparency. Learn how Sovreign’s consulting services guide companies in integrating Bitcoin into their treasuries, helping th…

Joe McGee’s recent article on FASB's new rule allows businesses to report Bitcoin at fair market value, transparently reflecting both gains and losses. This change makes Bitcoin a much more attractive investment to companies and other institutions.

Bitcoin For Business Owners, Investors, and Capital Allocators in about 10 minutes

A shareable presentation to help you understand the necessity of Bitcoin in your business or portfolio.

Lucas Bazemore’s presentation offers a personal look into why Bitcoin is essential for business owners, investors, and capital allocators navigating today’s inflationary challenges.

Bhutan - Another Country Using Bitcoin To Escape Poverty

A first hand look at the effects of Bhutan's Bitcoin policies.

Bhutan has silently been mining bitcoin for years now and has drawn international attention.

Recommended Podcasts & Videos

Bitcoin and "The Problem of Political Authority" with Jimmy Song (WiM523)

The "What is Money?" Show · Jimmy Song joins me to discuss “The Problem of Political Authority” by Michael Huemer, the case for Bitcoin maximalism, the evils of rent-seeking, the moral illusion of political authority, decentralized capitalism, language games within politics, Utopianism vs Realism, and how we bridge the gap between God and science.

WiM008 - The Saylor Series | Episode 8 | Bitcoin and Immortal Sovereignty

The "What is Money?" Show · Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.

YouTube video by Bitcoin University
Microsoft About To Buy Bitcoin?

Chart of the Week

This chart shows The Golden Ratio Multiplier

The Golden Ratio Multiplier uses Bitcoin’s 350-day moving average and Fibonacci-based multiples to highlight resistance levels and market cycle highs. As Bitcoin’s growth slows, these cycle highs align with lower multiples, suggesting future peaks around 3x the 350DMA. This tool helps gauge when Bitcoin’s price may be overextended.

Source: Bitcoin Magazine PRO

”By attaching energy to a block, we give it “form”, allowing it to have real weight & consequences in the physical world.”

– Hugo Nguyen

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