How to start accepting Bitcoin or other cryptocurrencies as a payment method in the Caribbean.
“A guide for improving the weak internet banking infrastructure of the Caribbean region.”Introduction
While the market and prices of cryptocurrencies are reaching new lows the interests in the true value of the famous cryptocurrency “Bitcoin” has only grown more. With this, there is a lot of curiosity on how cryptocurrency can add a strong and independent internet banking option to local and international shops within the Caribbean.
Due to Popular demand and growing awareness in the Caribbean region by retail shops and other companies for the explanation on how to implement a Bitcoin payment method in countries situated within the Caribbean. A collective initiative by the Caribbean Blockchain Network has taken place to write an informative guide on the different ways on how an offline/online store can implement and accept Bitcoin or other cryptocurrencies as a payment method.
Let’s get started! But first, we will take a look at a general overview of all the different options that are currently available for use.General Overview
There currently are various different options to implement a Bitcoin or cryptocurrency payment option in an online and offline store. These options include Bitcoin payment (software) service providers such as CX pay, BitPay, BTCpay or Blockonomics plugins for online stores. Furthermore, there are also ways to implement a mobile wallet (online wallet) point of sale and combine it with a hardware wallet (Trezor or Ledger) adding an extra layer of security for funds being accepted.
We created a comparison table which gives you a simple overview of all solutions. Below we go more in-depth into each solution and provide the links to the specific guides.The Caribbean Crypto Payment options comparison table provides you with an overview of all solutions. CX pay
CX pay is a third party merchant s...