Topic: Global Payments Accept Bitcoin (Read 2356 times)
Its good news. More the word BTC spreads, higher will be prices and higher will be profits.
That's good news. Through Bitpay and Coinbase many companies accepted BTC. I think BTC will get more users.
But still, I don't think the price will rise because of this though BTC will get a good attention. They will probably dump BTC to get a currency they need. Correct me if I am wrong.
Kindly,
MZ
But still, I don't think the price will rise because of this though BTC will get a good attention. They will probably dump BTC to get a currency they need. Correct me if I am wrong.
Kindly,
MZ
Well, I already thought that possibility, the problem is that when a merchant uses BitPay it don't even see the BTC, instead they are paid in fiat by BitPay. In a similar way when a merchant uses CoinBase probably will dump automatically the BTC for fiat... In other words, the merchants using these platforms are not really accepting BTC, they are not changing their minds about the way we use money.
So, as a result, if the volume of merchants using these solutions increase it will result in more "sell orders" of BTC on the exchanges this means the offer of BTC increase and if offer is more than demand the price will tend to drop.
We were very excited about this news because we though that this will be good for BTC but, maybe it will affect negatively the BTC instead.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
That's good news. Through Bitpay and Coinbase many companies accepted BTC. I think BTC will get more users.
But still, I don't think the price will rise because of this though BTC will get a good attention. They will probably dump BTC to get a currency they need. Correct me if I am wrong.
Kindly,
MZ
But still, I don't think the price will rise because of this though BTC will get a good attention. They will probably dump BTC to get a currency they need. Correct me if I am wrong.
Kindly,
MZ
Great news indeed! This is becoming the year of Bitcoin acceptance. Once Amazon, Ebay or Paypal accept it adoption will explode!!
great news bitcoin accepted map keeps increasing day per day
and price keeps decreasing
and price keeps decreasing
happy to hear that
Very nice, good to see.
It is quite possible that recent Bitcoin price drop is related to this news. Maybe they are trying to crush price down so they can buy lots of Bitcoins before they launch their new payment system and then when they launch it, price will raise again and they will sell their Bitcoins and make profit.
As all the established payment and financial companies start integrating Bitcoin, all the "basic infrastructure" type start-up businesses will get out-competed. Many of them were just replicating what already existed in the establishment. If you're a start-up, develop technology along the cutting edge of Bitcoin 2.0, Dapps, etc.
About Global Payments
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
http://www.cnbc.com/id/101898588
Going to the moon
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
http://www.cnbc.com/id/101898588
Going to the moon
Is real good news after mtgox crached. I hope, that another banks will believe in btc trasactions.
Nice news, now the value can drop further... I'm not hoping it will happen, just saying.
Oh, damn it! I confused it with this other company http://www.globalcollect.com/ it's used by Steam. If Steam accepts Bitcoin, the price will rise to the moon.
You say Steam is under Globalcollect and that they will accept Bitcoin? If that happens price will go over the f*cking moon! Imagine how many games would use Bitcoin rather then PayPal, this is amazing if it goes through.
Yeah, Global Payment is one of the most important competitors Global Collect, so if that move makes them to increase their popularity, it's very probable that Global Collect will follow their example. And By The Way, I know that Steam is using Global Collect because I used PaySafecard to purchase some games, and on the PaySafecard account in the purchase order was listed Global Collect instead of Steam.
Oh, damn it! I confused it with this other company http://www.globalcollect.com/ it's used by Steam. If Steam accepts Bitcoin, the price will rise to the moon.
You say Steam is under Globalcollect and that they will accept Bitcoin? If that happens price will go over the f*cking moon! Imagine how many games would use Bitcoin rather then PayPal, this is amazing if it goes through.
originally just a company, I thought it were companies around the world
Oh, damn it! I confused it with this other company http://www.globalcollect.com/ it's used by Steam. If Steam accepts Bitcoin, the price will rise to the moon.
Global Payments is a service in fact similar to BitPay, it's a payment platform to help merchants integrate several payment options, they can handle the payments and send money to the merchant directly in $USD to his bank (or whatever payment method the merchant prefer). Now that has partnered with BitPay, Bitcoin will be another payment method that ANY merchant using their service can integrate easily. Sadly, Steam and many other companies are using the other payment platform that I mentioned on the first line of this post, but now that a competitor has integrated Bitcoin, probably sooner or later Global Collect will accept BTC too.
The subject on the OP is pretty misledaing. But I can't figure out from the cnbc article - are they just referring merchants to Bitpay, or are they partnering with Bitpay to provide an integrated fiat/credit/bitcoin payment solution to merchants?
Global Payments is a service in fact similar to BitPay, it's a payment platform to help merchants integrate several payment options, they can handle the payments and send money to the merchant directly in $USD to his bank (or whatever payment method the merchant prefer). Now that has partnered with BitPay, Bitcoin will be another payment method that ANY merchant using their service can integrate easily. Sadly, Steam and many other companies are using the other payment platform that I mentioned on the first line of this post, but now that a competitor has integrated Bitcoin, probably sooner or later Global Collect will accept BTC too.
The subject on the OP is pretty misledaing. But I can't figure out from the cnbc article - are they just referring merchants to Bitpay, or are they partnering with Bitpay to provide an integrated fiat/credit/bitcoin payment solution to merchants?
Good to hear it...Now many companies will accept bitcoin. 
The more companies accept bitcoin as a form of payment,the better.It's all about the distribution and worldwide acceptance so any kind of news regarding that is good.
This is another step in the right direction.
Any company big or small it will all make an impact on the future, what we need is more and more adoption! This is another step in the right direction.
About Global Payments
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
http://www.c[Suspicious link removed]m/id/101898588
Going to the moon
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
http://www.c[Suspicious link removed]m/id/101898588
Going to the moon
Yes that is correct and very nice for bitcoin owner bro...
The more companies accept bitcoin as a form of payment,the better.It's all about the distribution and worldwide acceptance so any kind of news regarding that is good.
This is another step in the right direction.
This is another step in the right direction.
Jump to: