Recurring Bitcoin or Altcoin Payments as a Service?


Great question and I do not know of any especially in the altcoin spaces. You basically have two choices to accomplish recurring payments in terms of who holds the keys.

If you are cool with a custodian of your funds, then it's a pretty easy implementation on the service provider side, but its up to the service to provide the level of control you need. Also, if their framework is buggy, attacked, since they hold your keys, you could loose your funds without any knowledge of it happening.

The other option in a non-custodial service but the best experience you'll get would be a notification to send the transaction because you are the person holding onto the private keys and the service can't do it without you signing a...

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A "solution" for this would be to build a layer on top of bitcoin, where the merchant can request a payment at a specified date. A wallet provider could "find" all these payment requests from all merchants that you have recurring payments with (you could e.g. send them through the bitmessage protocol that the wallet listens to, which maintains the p2p non centralized criteria). The wallet would display them, and you could get a notification. You would then be able to select the payments you wanted to make, and sign. The provider could send the payment request a long time in advance, ie it could send all the requests for a year subscription immediately, and you decide when to sign. The wallet could structure the payment in such a way that it would not be possible to collect the payment before time X or block Y (locktime). This means you can cancel the payment by double spending the input transactions, but at time X or block Y the payment would be included in the block. The signed,...

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AL, July 6, 2017 at 11:00 BST

The global online payment processor launches comprehensive Bitcoin services and altcoin funding options for more than 50 Bitcoin alternatives

Payza, the award-winning global online payment platform, announced a new range of unique cryptocurrency features to the online payment processing and international remittance space. Payza e-wallets are now fully functional as a Bitcoin wallet, providing members the option to buy, sell, exchange, send, receive, and hold Bitcoin all within a Payza account. Additionally, the Payza platform allows for over 50 altcoins to be exchanged to fiat currency, letting members easily sell Ethereum, Ripple, Litecoin and dozens of other cryptocurrencies.

"We were among the first online payment platforms and e-wallet providers to embrace Bitcoin back in 2014," said Firoz Patel, Payza global executive vice president. "Even then we recognized the important role Bitcoin was set to play in...

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Handle subscriptions and recurring billing

Sample embed code:

class="coinbase-button" data-code="f08179f52b978c662531a285395185f2" data-button-style="subscription_large" href="">Subscribe With Bitcoin src="" type="text/javascript">

Any bitcoin sent using the sample button will be donated to the Bitcoin Foundation.


Recurring payments work well for services that require multiple payments over time. For example:

Software as a service Monthly rent or electricity bills Magazines, newspapers, or other publications Service industries

Some examples might include web hosting, ride sharing, dating websites, collecting rent, maid services, gym memberships, or any subscription product.

By default bitcoin is a push technology, meaning each payment has to be initiated by the customer. Coinbase offers recurring payments in bitcoin (a...

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OpenBazaar, an open-source market that allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts, is looking to layer multiple cryptocurrencies into its wallet in the interest of offering lower transaction fees. The online market already allows users to pay for purchases in multiple cryptocurrencies via an integration with the exchange.

With rising bitcoin fees, Mike Wolf, design lead at OpenBazaar, has proposed supporting multiple cryptocurrencies, noting there are details to be worked out.

Rising Bitcoin Fees

“Bitcoin fees are getting high,” Wolf tweeted. “Should @OpenBazaar support multiple cryptocurrencies?” The tweet directed readers to a Youtube video in which he presented an idea for how multiple currencies could layer into the OpenBazaar wallet.

“We have not thought about all of the functional aspects of it yet,” Wolf said in the video. The team is looking for...

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Recurring payments have not been explored much in the world of Bitcoin and digital currency, even though the concept could lead to major adoption down the line. Peanuts is a new tool that lets website owners generate recurring billing codes for Bitcoin payments while offering a fair bit of customization as well. Whether or not this tool will be implemented on a multitude of websites, remains to be seen, but at least, the option to do so is readily available.

Also read: New Bitcoin Doubler Is An Obvious HYIP Ponzi

Peanuts Creates Recurring Billing Buttons

Whenever somebody signs up for a membership, they will have different payment cycle options to choose from. Either they pay for a period upfront, or they can opt for recurring billing, which will debit funds from their payment method at regular intervals. Especially for credit and debit cards, the latter seems to be a preferred option for consumers all over the world.

Peanuts is a tool that...

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Greetings Ladies and Gentleman,

My Name is Kaan Hamarat, also known as Yuno and KainLTD. I am a huge Fan of the Steam platform and an investor of the Opalcoin, Dogecoin and Bitcoin.

As many people out there already see that Bitcoins and altcoins are becoming in fact the next big payment method, making transactions quick and easy with minimal transaction fees. I wanted to ask the steam founders if they would consider accepting those currencies like Microsoft did just this week. It would make payments so much easier, no credit card, Paypal or any other site would be needed anymore. Also good for steam, because you can't refund coins, so scams made by steam users on the platform (like buying games via credit card and then creating chargebacks) can't happen anymore.

I think that Valve understands the value of the Bitcoin and altcoins and see's the future that will come with it.

I eagerly await your response.

Best regards,

Kaan Hamarat aka...

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Who isn’t curious about Bitcoin, the virtual currency whose origin story is rife with underground marketplaces, instant millionaires, and massive scams? And the best way to learn more is to start participating yourself.

Sure, you could hit up an exchange and drop four hundred dollars or more on a single bitcoin, but you can also get in for free by mining the coins yourself. Bitcoin has become too hard for regular people to mine, but the world of bitcoin-like “altcoins” is still wide-open to hobbyist miners. Here's everything you need to know to get started mining altcoins.

What is an altcoin?

This article assumes you’ve at least heard of Bitcoin, but you might not have heard of altcoins. “Altcoin” is a catch-all term for cryptocurrencies based on the Bitcoin system, which aren’t actually Bitcoin. Because Bitcoin is open-source software, anyone with some development experience can copy it and create their own currency.

Of course, like Bitcoin, the value...

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We hope, that you’re informed on the current Bitcoin issues. Transaction fee is extremely high. Nowadays, the network only facilitates 3 transaction per second instead of required 3000-10000 and there is still no single solution on up-scaling the network. If you take into account officially suggested options and censorship on major informational resources - it’s clear, that Bitcoin is being divided among some huge organizations, which act exclusively in their own financial interests.

The absence of decentralization leads to an uncertainty in terms of network security.

What are the differences between “Altcoin” and “Forkcoin”?

“Altcoins” are not duplicating balances of bitcoin users. On the other hand, “forkcoins” are duplicating balances, and in order to access your early coin accumulation, you need to use same private keys, which were used before the “fork” release. Significant difference is focused on the ability of including...

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Bankgko Sentral ng Pilipinas, hereinafter BSP, is officially regulating local Philippine Bitcoin exchanges as remittance companies and recognizing Bitcoin as a legitimate payment method.

Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.

Guidelines for Virtual Currency (VC) Exchanges

Almost immediately after the announcement of Espenilla, the Central Bank of the Philippines released BSP Circular No.944 entitled “Guidelines for Virtual Currency (VC) Exchanges,” to provide clarity on the legality of Bitcoin exchanges.

In the document, BSP clarified that Bitcoin will still not be considered as an endorsement of the Philippine government nor a legal currency...

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Irreversible Payments

Bitcoin payments are irreversible by design. This means that you can accept payments from any country and be 100% guaranteed that the money you received will not be charged back.

Customer Privacy

Bitcoin payments do not rely on trusting the person making the payment, so there is no need to collect private information about your Customers to accept their payments. Bitcoin enables you to choose how little or how much you want to know about your Customers.

Lower Fees

Credit card companies usually charge up to 3% of the transaction amount and there are various additional fees. With CoinGate you can accept Bitcoin payments for only 1% from the transaction amount and there are no monthly, registration, or support fees.

Additional Customers

People using Bitcoin are usually very supportive of companies accepting Bitcoin payments. This helps to attract new Customers and to increase your sales. Click here for tips on...

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Bitpay offers one of, if not the most comprehensive solution for merchants wishing to integrate a Bitcoin payment processor into their existing operations.

The company offers a wide range of 'plug-ins' for existing shopping cart software including Magenta, OpenCart, Zen Cart, X-Cart, Wordpress (Woocommerce, E-Commerce etc), Drupal Ubercart, and others. So if you have already got a store running with any of these then integrating Bitcoin payments is super-simple. If you are just starting out, then a partnership with Shopify allows you to create a new store that accepts BTC payments.

All merchants get access to a point of sale app so that you can take payments in a physical store using a phone or app, and anyone wanting a more comprehensive solution can take advantage of BitPay's integrations with Soft Touch POS systems.

Merchants using BitPay can choose to instantly convert all or part of their sales revenue into a range of fiat currencies including US Dollars,...

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No longer shunning and brushing Bitcoin under the carpet, some of the world’s biggest companies have seen the light and are accepting digital currencies as a form of payment.

Bitcoin’s reputation as an obscure currency that is only used on the Darknet has long been left behind as the digital currency finds itself more in the mainstream than in shadowy corners. The growth of the currency as an asset, as well as the technology behind it, has sparked the interest of a lot of forward-thinking and progressive companies. The likes of Microsoft,, DISH Network, Intuit, and even the rival of sorts PayPal are all utilizing Bitcoin.


As one of the pioneers of technology it only makes sense that a company with the prestige of Microsoft has decided to invest and...

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Learn about the world of altcoins, mining and digital wallets in our guide to cryptocurrencies.

Digital transactions aren’t new, with the majority of us regularly using mobile payments, online banking and wireless transfers. However, the idea of a completely digital currency was only that – an idea – until 2008.

In the years since Satoshi Nakamoto made bitcoin known to the world, several other cryptocurrencies have been introduced and flourished, creating a “cryptocurrency” marketplace. This guide will tell you what you need to know about cryptocurrencies, where bitcoin fits into the picture and how you can get your own.

What is a cryptocurrency?

Cryptocurrencies are digital currencies that are exchanged by means of encrypted software and held in digital wallets. There are several hundred cryptocurrencies in existence, with bitcoin being the most well-known. Those which are part of the same cryptocurrency network can transact their coins or make...

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Vericoin has launched an innovative and potentially game-changing approach to gaining merchant acceptance that could shake up the altcoin world should the service gain broader usage.

Launched in May, vericoin is a proof-of-stake altcoin that features a variable interest rate which fluctuates depending on how many coins are staking. As more coins are used to stake and support the network, the interest rate climbs.

One of the ways in which alternative digital currencies seek a broader audience is through expanding merchant acceptance. Companies like Coinkite and enable payments in altcoins, but it remains unclear exactly how successful these efforts have been at expanding the number of merchants that take alternative digital currencies as a payment method.

To date, roadblocks have emerged owing to the infrastructure an altcoin needs to be accepted by merchants and the varied willingness on the part of these businesses to accept a potentially...

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Lots of Bitcoin-related services are really making a stand to directly compete with the current financial ecosystem. BitWage, a service we briefly talked about in this article, lets you receive (part of) your monthly wage in Bitcoin, without your employer knowing about it. But now there is also Bitwala, which lets you pay any bills you may have directly with Bitcoin.

Bitwala – Pay Your Bills With Bitcoin

One of the main reasons why most of us still need a bank account is to pay for most monthly bills we receive. In my case, these bills include my mortgage, ISP bills, utility bills for water/gas/electricity et cetera. There are a handful of things I can pay with Bitcoin directly, such as topping up my mobile provider credit, but those are always microtransactions.

Bitwala aims to change the bill-paying landscape as we know it, and morph it into what could be the holy grail for Bitcoin enthusiasts worldwide. The idea behind Bitwala is relatively...

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Merchant billing service provider Paydici has announced a new partnership with BitPay that will enable its small merchant clients to accept bitcoin as payment for recurring bills.

The Oregon-based company offers a comprehensive service for issuing bills on behalf of its US clients and manages payments paid by bank account, credit cards, and now, bitcoin. As a result of the partnership, interested Paydici customers can enable the payment option for clients, who can opt to accept bitcoin for both physical and digital bills.

In an interview, Paydici CEO Eli Alford-Jones described the move as one that would bring bitcoin to small merchants who may not have integrated with a bitcoin processor directly due to the demands of their operations and the variety of payment types they need to manage.

Alford-Jones told CoinDesk:

"Our target merchants have the need to serve many different kinds of customers and demographics, and our objective at Paydici is to...

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