Blockchain Releases its own Merchant App
Exciting news for companies looking to start accepting Bitcoin! Blockchain has just released an app on the Google Play store that allows an easy and simple way for businesses to accept Bitcoin. The best part about it: it’s free.
How to Set up Blockchain Merchant App
Blockchain’s goal, as per its blogpost, was to create an app that would allow businesses and companies to accept payment in Bitcoin with ease.
After installing the app, you need to create a 4-digit PIN code. Then, add your Bitcoin receiving wallet, write down your business’s name, mention which currency you prefer, turn on the push notifications, click save…and you are done setting up. Pretty simple, right? Upon completion, your business is now ready to accept payments in Bitcoin.
Benefits of Blockchain Merchant App
Blockchain lists some of its app’s benefits:
- simple, easy and free
- start accepting Bitcoin payments instantly
- tracks incoming payments in real-time
- 0% fees on your payments
- customer support available 24/7
To make things even more convenient, the Blockchain app lets the user write down the description for the item being sold and also the amount it costs. This will keep track of which items were sold throughout the day.
To make a payment, after hitting the green button, a QR code will pop up. The customer simply has to scan the code to make a payment.
Worried about a customer not making a payment? According to Blockchain’s blogpost, a red hourglass will appear if the network did not detect a paymnt. A white checkmark is when the payment has been seen by the network. Finally, a green arrow is when the payment has been processed by atleast 6 confirmations.
This App will allow businesses to easily accept payment in Bitcoin. In addition, it will also aid companies who are considering accepting Bitcoin to actually start doing so.
Images courtesy Blockchain.com
Doesn’t it take about an hour to get 6 confirmations? Will a customer have to wait that long before leaving the store with their merchandise? How is that check-out vs confirmation speed problem going to be solved?