Accepts Bitcoin! Website Properties – Now Accepting Bitcoin
Bitcoin: Then and Now
Bitcoin, both the currency and its underlying blockchain technology, gained significant credibility as an accepted form of payment in 2017. The currency’s value skyrocketed, rising from $1,000 per coin in January to a high of $18,000 by mid-December. More recently, Bitcoin reached a peak just shy of $69,000 before declining. This surge continues to attract the attention of investors, technologists, financial institutions, and even world governments. The search term “bitcoin” ranked high in global news searches during 2017, reflecting widespread interest in cryptocurrency. Related and some of the more popular searches surrounding bitcoin today include “places that accept bitcoin near me” and “what stores accept bitcoin“.
While Bitcoin’s price has since fluctuated, dipping below $10,000 and even briefly to around $3,000 in December 2018, cryptocurrencies and blockchain technology have clearly garnered substantial interest. The year 2018 was pivotal in determining the long-term trajectory that is easily realized when considering a price which is trading around $67,000.00
Website Properties is excited to offer our clients the opportunity to transact their online business opportunities in Bitcoin (BTC) or Ethereum (ETH). The blockchain technology behind Bitcoin and other cryptocurrencies represents a massive paradigm shift in the future of decentralized finance, digital smart contracts, and digital assets/IP – allowing for superior privacy, efficiency, convenience, and security. This shift is inevitable, driven by cutting-edge algorithms designed to solve real problems and inefficiencies. Major global corporations, most of Silicon Valley, and institutional investors are already heavily invested in this technology.
While cryptocurrencies still represent a volatile market (typical in the growth curve of disruptive breakthroughs), fear and uncertainty will need to be allayed before the masses adopt these new technologies. This mirrors the early days of the internet when people were concerned about using their credit cards online due to fraud fears. As technology improved security measures, consumers were free to reap the benefits without the perceived risks, leading to adoption and explosive growth.
Adoption is underway, and 2017 was a banner year for cryptocurrencies. Bitcoin and other altcoins are widely accepted today in countries like Japan, where over 10,000 companies accept Bitcoin and there are even Bitcoin ATMs available. US company Eastman Kodak introduced its own cryptocurrency (KodakCoin) in January 2018. KodakCoin utilizes blockchain technology to allow photographers to prove ownership, track down copyright violators, and ultimately get paid for their work. Similar blockchain implementations are planned across many industries to help share, trade, sell, or protect diverse assets ranging from physical property to health and public records.
Website Properties President David Fairley is no stranger to quantum shifts in technology and the internet. “I was developing online e-commerce businesses in 1996 when people were afraid to enter their credit card data, bought and sold 7-figure dotcoms during the bubble, and developed one of the first internet business brokerages when only brick-and-mortar brokers existed. Bitcoin and blockchains are another market disrupter gaining momentum, and I am happy Website Properties is the first online business brokerage to accept and facilitate business acquisitions using Bitcoin.”
“I am very excited by the possibilities of this new technology. I am very bullish on cryptocurrencies and welcome any questions.” – David Fairley, President, Website Properties, LLC. Online Business Brokers
