Digital River now supporting Bitcoin

World leading payment service provider Digital River has added Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term as a supported payment option for their merchants in the US.

The addition of Bitcoin goes along side Digital River’s already robust line of supported payment options which include credit and debit cards, wire transfers, bank transfers and third-party wallets.

"The 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 Read this Term world is energized by talks of digital currencies," Souheil Badran, Digital River World Payments' senior vice president and general manager.

Digital River partnered with San Francisco based Bitcoin processing firm Coinbase for the new found cryptocurrency support. Coinbase will offer its BTC to USD real-time conversion for merchants opting for Bitcoin support.

"We're excited to be among the first pure play ecommerce providers to make the cryptocurrency available for small to mid-sized businesses interested in providing their online shoppers more payment choices and added convenience,” added Tom Peterson, executive vice president and general manager of commerce at Digital River.

Coinbase is one of the leading firms when it comes to the Bitcoin support adoption. Recently the firm partnered with Expedia.com to offer Bitcoin payments for hotel bookings and reservations and is also provides the Bitcoin payment scheme for Overstock.com.

“With Digital River's expertise in the global commerce and payments industry, we're proud to support the extension of their payment options for small to mid-sized businesses. This partnership is another positive step forward in bringing bitcoin payments to the everyday consumer," said Adam White, director of business development and sales at Coinbase.

With Bitcoin processors like Coinbase and BitPay partnering with large Ecommerce firms, and from what we saw at IRCE 2014, we sure to see more high profile companies accepting the digital tender in the near future.