OUR
CLIENTS

  • VISA
  • AT&T
  • BREEM USA
  • CHEVRON

BLOG CATEGORIES

SUBSCRIBE

FOR LATEST UPDATES

Sign up for our monthly newsletter with our latest offers,hot blogs and much more !

JOIN US

FOR CALL

Lets chat via skype to discuss your questions concerns, and project needs

TRENDING NOW

3 Ways to Get Started with Bitcoin

Similar to PayPal’s disruption of the e-commerce payment solutions in the late 1990’s and early 2000’s, Bitcoin has become the latest trending topic in tech and finance. Its rise can be attributed to a number of factors including wavering economies in Europe and the U.S. combined with its ease of use and lack of regulation by any government institutions. 

Bitcoin is far from just the latest tech trend of the day however. E-commerce giant Overstock.com recently began accepting the digital currency as a legitimate means of payment. Ben Horowitz, one of the founders of venture capital firm Andreessen Horowitz, is bullish on Bitcoin too. He has invested in multiple Bitcoin startups, providing further validation that the digital currency is here to stay.

So what exactly is Bitcoin?

“Bitcoin is based on a piece of software written by an unknown person or people in 2009 under the Japanese-sounding name Satoshi Nakamoto. Transactions happen when heavily encrypted codes are passed across a computer network. The network as a whole monitors and verifies the transaction, in a process that is intended to ensure no single bitcoin can be spent in more than one place simultaneously.”

There is a limited amount that is currently circulated (approximately 12 million bitcoins are out there now), which adds to the value of the currency.

Using Bitcoin can be more convenient for online transactions, however it is highly volatile and is not backed by any official government entities. It is even banned in certain countries in Asia and eastern Europe because of this.

The pros of the currency include ease of use for transactions, autonomous ways of storage (no banking fees), and growing mainstream acceptance. The cons include instability, susceptibility to hackers, and limitations on turning it into cash in certain areas.

If you are interested in utilizing Bitcoin for small amounts, here are 3 companies that can help you get started.

  1. Coinbase – With $31 million raised from prominent tech investment firms, Coinbase allows users to securely buy, use and accept Bitcoin. It acts as a digital wallet for any transaction.
  2. CoinMKT – This company allows users to test out currency trading on their digital market with play money. Then, once users are ready to invest, they can deposit U.S. currency into the system, and then trade 7 different crypto-currencies against any combination or currency pair.
  3. Bitpay – Bitpay enables merchants to easily accept bitcoins for payment just like with Visa, Mastercard, Paypal or cash. Merchants can choose what percentage of revenues are kept in bitcoins or converted to a fiat currency and then directly deposited daily into their bank account.

Have you ever used Bitcoin before? Like us on Facebook and let us know your experience.

 

see more...

4 Innovative and Disruptive...

Financial technology first made its appearance in the 1950s through the introd...

LEARN MORE

Mobile Mavens: Smart Phone ...

Internet connected mobile devices are popping up everywhere these days with sm...

LEARN MORE

7 Fintech Startups to Watch

We’ve focused heavily on fintech startups the past week and a half. After co...

LEARN MORE

CERTIFICATIONS & MEMBERSHIPS

We hold the following certifications: WBE, WOSB Women-Owned Business, WBENC, CPUC Supplier Clearing
House, DGS, San Francisco Green Business.

DGS
GENERAL SERVICES
CPUC
SUPPLIER CLEARING HOUSE FOR CPUC
WBENC-WOMEN'S BUSINESS
ENTERPRISE NATIONAL COUNCIL
WBENC-WOMEN'S BUSINESS
ENTERPRISE NATIONAL COUNCIL
CMAS
CMAS APPROVED CONTRACTOR
Previous Next

SAN FRANCISCO

HEADQUARTERS 2001 UNION STREET,
SUITE 495 SAN FRANCISCO, CA 94123
PHONE +1.415.351.2227,
EMAIL : SERVICE@ARTEMIA.COM

MICHIGAN

2899 E BIG BEAVER RD,
TROY, MI 48083
EMAIL : SERVICE-MI@ARTEMIA.COM

CANADA

60 ATLANTIC AVENUE,
SUITE 200
TORONTO ONTARIO M6K 1X9
EMAIL : SERVICE-CANADA@ARTEMIA.COM