GoCoin Partners with Tether For Additional Payment Option
- GoCoin has partnered with Tether to expand the payment options available to its supported merchants.
GoCoin has partnered with Tether to expand the payment options available to its supported merchants.
GoCoin supports merchants who want to accept digital currency for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl , and should they elect to do so, have it converted to their local currency. In addition to supporting bitcoin, litecoin and dogecoin options were added last year, making the processor a preferred choice among merchants who want altcoin support.
Tether is a startup aiming to use the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe to represent fiat currency and carry out transfers. One unit of its “tether” currency is worth one dollar. It says that its units are redeemable at any time. It also says to have plans for a robust regimen of transparency, audits and compliance.
GoCoin merchants will now have the option of also accepting the Tether currency, which can obviate the need to have it converted immediately into fiat. Merchants will also be able to have bitcoin, litecoin or dogecoin payments settled as Tether instead of fiat.
Should the cooperation proceed, it would be GoCoin's first coin addition in approximately one year. The company had previously expressed interest in expanding its coin portfolio, and late last year it entered into an agreement with GAW Miners that envisioned support for Paycoin. CEO Steve Beauregard commented to Finance Magnates that his company was still evaluating the suitability of Paycoin, as it did for any altcoin. In light of recent developments, however, it appears highly unlikely that Paycoin will be integrated.
GoCoin has partnered with Tether to expand the payment options available to its supported merchants.
GoCoin supports merchants who want to accept digital currency for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl , and should they elect to do so, have it converted to their local currency. In addition to supporting bitcoin, litecoin and dogecoin options were added last year, making the processor a preferred choice among merchants who want altcoin support.
Tether is a startup aiming to use the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe to represent fiat currency and carry out transfers. One unit of its “tether” currency is worth one dollar. It says that its units are redeemable at any time. It also says to have plans for a robust regimen of transparency, audits and compliance.
GoCoin merchants will now have the option of also accepting the Tether currency, which can obviate the need to have it converted immediately into fiat. Merchants will also be able to have bitcoin, litecoin or dogecoin payments settled as Tether instead of fiat.
Should the cooperation proceed, it would be GoCoin's first coin addition in approximately one year. The company had previously expressed interest in expanding its coin portfolio, and late last year it entered into an agreement with GAW Miners that envisioned support for Paycoin. CEO Steve Beauregard commented to Finance Magnates that his company was still evaluating the suitability of Paycoin, as it did for any altcoin. In light of recent developments, however, it appears highly unlikely that Paycoin will be integrated.