11 Dec 2013
The last few years have been notable for the economic carnage which has spread throughout the world. Under the conditions that have existed, many people who are interested in economics have sought alternative methods of payment, as faith in traditional currencies recedes somewhat.
One of the most prominent and interesting examples of an alternative currency which has arisen out of this climate is Bitcoin. This relatively recent phenomenon has already garnered quite a reputation in the few years since its inception, and is already gaining mainstream recognition, with media reporting on the so-called ‘crypto currency’ quite regularly now.
Bitcoin is based on a very simple premise. Bitcoin is an is an open source peer-to-peer payment network and digital currency, which remains completely anonymous for all users. This has been one of the big selling points of the currency, particularly in light of the recent revelations regarding the NSA in the United States, and some of its more grisly and nefarious activities.
As Bitcoin has risen in prominence, so it has exponentially grown in value. This wasn’t a huge comfort to the Newport IT worker who threw out a hard drive with over £4 million worth of Bitcoins that he’d forgotten about, but it has been a boon to those people who have been more diligent with their investment.
Increasingly, Bitcoin is now being seen as a mainstream form of payment, particularly on the Internet, much as Paypal has now established itself as almost omnipresent on the ‘net. Numerous websites are now accepting Bitcoin as a form of payment, with Virgin recently stating that they will accept Bitcoin as payment for their Virgin Galactic flights.
Thus, we are delighted to announce at Backupvault that we are now accepting Bitcoin as a method of payment. We view the Bitcoin revolution as being an exciting one, and we want to offer our customers as many payment options as possible, with Bitcoin certainly being an increasingly valid one.
In addition, there is no doubt that Bitcoin particularly appeals to the technologically minded. The currency already has very much a community feel, with Bitcoin advocates gathering together on Internet forums to discuss the development of the currency, and we anticipate its utilisation growing in the future. We particularly believe that tech firms will make the most of this innovation as more and more technically savvy individuals check out what Bitcoin has to offer.
So if you’re a small or medium-sized enterprise looking to pay for your latest cloud-related technologies with this new crypto currency, then you can rest assured that Backupvault has got you covered. If you’re interested in paying via Bitcoin, contact us directly and we’ll discuss this process with you.