What is Bitcoin and why is it the most famous among cryptocurrencies?
Bitcoin (BTC) was the first and is still the most widely used cryptocurrency, the so-called digital gold. In practice, it is more of a digital token that can only be exchanged electronically and does not exist in physical form. Bitcoins are created and tracked by computers using advanced mathematics. It is not monitored by government bodies or institutions, as is the case with conventional currencies.
You can find out more about it, for example, at the Bitcoin online course.
Bitcoin payments are available to anyone, anywhere in the world
You don't need a bank account or registration. All you need is a bitcoin wallet. They are available online as apps and offline as a hardware box. The difference between the two is just the internet connection. For the offline version, count on an initial investment of about 1,200 CZK.
For online payments, you also need a virtual wallet like GoPay. However, you already need to register for this.
You can pay with cryptocurrencies in cafes, restaurants and e-shops. Global payments are provided by peer-to-peer (P2P) technologies. They don't have a central administrator, all clients are equal.
Why pay with Bitcoin?
- You don't need banknotes, credit cards or bank accounts.
- It's quick, easy, you don't pay any unnecessary fees, even for foreign payments.
- You don't reveal your personal information like with traditional banking transactions.
What is Lightning Network? The fastest payment system with almost zero fees
It is a payment network, the second layer above Bitcoin. It uses Bitcoin as the unit of account and is also backed by Bitcoins. This is also the technology used by GoPay, the virtual wallet we selected for cryptocurrency payments. It is mainly suited for microtransactions and smaller amounts of money, which the experience fulfills.
Fast cryptocurrency payments from autumn 2024 via the GoPay payment gateway
The GoPay payment gateway now supports payments in 7 different cryptocurrencies: in addition to Bitcoin, Tether USDt, Tronix, Solana, Litecoin, Ethereum and USD Coin. You don't need any crypto wallets to pay, just to have an active GoPay payment gateway.
The exchange of cryptocurrencies into Czech crowns or other currencies is arranged by the system according to the current exchange rate. You do not have to deal with anything.
What is and how does the GoPay payment gateway work?
It is a Czech payment gateway for cashless online payments. It has been in operation since 2007.
- You can use a credit card, bank transfer, online wallet or now also cryptocurrencies.
- The recipient receives the money almost immediately.
- GoPay is licensed by the CNB and supervised by the Ministry of Finance.
- According to Wikipedia, over 8,000 online shops use the system and billions of crowns pass through it annually.
How to pay for the experience via cryptocurrency?
- 1) Activate the GoPay payment gateway. In your account, set Bitcoin as your payment method.
- 2) When paying for the experience, select payment via GoPay.
- 3) In the next step, select Bitcoin payment. The minimum amount must be 0.0001 BTC according to the current exchange rate.
- 4) The payment will take place immediately.
Cheers to the experience! :)
