CoinGate Blog

Getting familiar or, even better, comfortable with bitcoin can take you a long way.

Businesses from every industry began to reconsider whether it’s wise to, once again, pass up the opportunities that bitcoin, or any other crypto asset, presents.

Cryptocurrencies are changing how society engages in day-to-day financial activities.

How do you imagine a crypto owner: greedy or giving, young or old, someone who is self-centered or some sort of philanthropist?

If money is just a made-up social construct of trust, why can’t Bitcoin be money?

Have you ever sent Bitcoin to someone just to see your transaction hang unconfirmed for hours and even days? Don’t worry – it is safe and as expected as it is avoidable.

At the beginning of September, the average ETH transaction fee reached as high as 0.031 ETH (or around 11,5 USD at the time of writing), causing a considerable fuss amongst Ethereum network participants.

By now, it’s unlikely to find a person that did not hear of blockchain technology. Still, few have come to realize what makes it so unique, useful, and exciting.

Stablecoins are already proving to be a great alternative to traditional banking as some of our biggest merchants successfully implemented fiat-pegged USDT into daily habits, removing the necessity to always rely on banking providers.

Currently out of CoinGate’s top 40 best-performing merchants, 14 are hosting service providers. The question then arises – what is the reason for their customers to embrace cryptocurrencies so much?

With the rising adoption of blockchain technology, digital assets created for a particular use case also find utility elsewhere, and that’s payments.

The vast majority of people that embrace cryptocurrencies, whether they are spenders, traders or crypto-friendly businesses, still have to heavily rely on banks to carry out day-to-day operations. But what can be done if a bank decides to seize your activities solely because you involve cryptocurrencies in your daily life?

If you own a business, chances are you accept payments with credit and debit cards. Why wouldn’t you if it’s the most popular payment method in the world by far?

On February 1st, 2019, we launched XRP payment processing service for our merchants. And, after a few months, we noticed something we didn’t expect to witness.

It is no secret that cryptocurrencies aren’t perfect just yet. Major inconveniences that the most vocal sceptics tend to bring up are unpredictable volatility, high fees and long transaction confirmations, especially when the topic revolves around Bitcoin.

Spoiler alert – there is no right answer. Although, some may argue that it could be Bitcoin solely because, at the moment, it is boasting of 70% dominance in the global crypto market.

This might be surprising to some, but Ether has been standing strong as the second most popular payment currency on CoinGate for a long time now.

We live in an exciting world where technology advances at a pace never seen before. Unfortunately, as we get to experience the fascinating rise of innovations like blockchain, Bitcoin and cryptocurrencies in general, we also face new challenges in digital security.

Litecoin is the second cryptocurrency after Bitcoin that we have started to process for our vendors.

In a world where the internet exists, finding a job as a freelancer or a digital nomad is easier than ever before, no matter if you’re a writer, designer, programmer, or else. And now, thanks to digital assets, you have even more freedom and flexibility.

Even though Bitcoin has been a hot topic for over a decade now, people that didn’t get into the crypto game early are still confused about which facts are true, and which ones are blatantly false.

Nowadays, it is hard to find a vendor that wouldn’t accept credit or debit cards as currently, it is the most popular payment method in the world.

Even though the community’s level of interest is what often measures the success of cryptocurrencies, the real progress in the blockchain space is known to be made while the hype is down, and the silence is nigh.

It’s been roughly a year now since the second-layer protocol known as the Lightning Network (LN) was implemented on top of Bitcoin’s blockchain.