AUSTIN, TX--(Marketwired - Jan 8, 2014) - Building Turbines, Inc. (PINKSHEETS: BLDW), through its wholly owned subsidiary, Green City Planet, is pleased to announce that it is entering the cryptocurrency arena, and will immediately begin accepting Bitcoin and potentially other cryptocurrencies such as Litecoin, as a form of payment for all products and services.
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BTCMerch Payment processor for bitcoins and other cryptocurrencies. 0.5% transaction fee. Sandbox is available.
BitMerch Provides HTML buttons to start accepting bitcoins instantly. No server side setup required.
Coinbase Offers payment buttons, checkout pages, shopping cart integration, and daily cash out to USD.
Coinkite Full-reserve banking, payment buttons, invoice pages, hardware POS terminals, and Debit-Cards.
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Fasterco.in Bitcoin payment processing for merchants and day-traders
Snowcron Bitcoin Store Engine: Handles payments, sends your customers information they ordered (reg. codes, passwords...) No web programming required.
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"We are pleased to be one of the first Green Energy companies to support, and accept cryptocurrency as a form of digital payment. We have a system in place to accept cryptocurrency for payment and to convert to USD," stated John Graham Sr., CEO of Building Turbines.
Mr. Graham added, "Mining for cryptocurrency like Bitcoin or Litecoin is done 24 hours a day, on specialized computers, running specialized software. We have designed and built our own cryptocurrency mining rigs, which are currently in operation. We will be offering our systems for sale in the near future. Our Rooftop Wind Turbines, Solar, LED and other Green Energy Products, are a perfect complement to these devices."
Mr. Graham added, "Mining for cryptocurrency like Bitcoin or Litecoin is done 24 hours a day, on specialized computers, running specialized software. We have designed and built our own cryptocurrency mining rigs, which are currently in operation. We will be offering our systems for sale in the near future. Our Rooftop Wind Turbines, Solar, LED and other Green Energy Products, are a perfect complement to these devices."
About Bitcoin :
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With Bitcoin being touted as a way to conduct anonymous transactions and as way to compete with government currency, many small business owners wonder what's the right way to accept and account Bitcoin, or if it's legal or ethical, or whether and how they should pay taxes on income received through Bitcoin.
As far as we know, Bitcoin isn't yet formally recognized by governments and authorities as a "currency". But in practice, Bitcoin is likely no different than accepting payment in other forms, such as cash, or gold, or scrip, or gift cards or foreign currency. We think that it is pretty much the same as the local businesses of Great Barrington, Massachusetts choosing to accept their locally-printed "Berkshire Bucks" to support their local economy.
Starting to accept Bitcoin for transactions
Accepting Bitcoin at a small business is best started in whichever manner keeps the accounting simple for you. This will vary by the type of business you are operating.
Start with a sign
If you expect that the number of people interested in using Bitcoin is small, you might simply start by posting a sign or a note: "We Accept Bitcoin", and ask people to contact you directly in order to make a payment. Even if hardly anybody uses Bitcoin as a payment method, you're helping Bitcoin in two ways: one, by increasing awareness, and two, by making your customers more willing to accept Bitcoin as payment from others in the future, because now they know somewhere they can spend it.
Utilize a merchant solution
If you sell things on your website (goods or services), you'll want to use a Bitcoin merchant solution to accept the Bitcoins (you can usually opt to have them converted to USD or other currencies automatically with some services).
If you sell things in a brick and mortar shop, customers can pay using hardware terminals, touch screen apps or simple wallet addresses through QR Codes.
Merchant Services
How to accept Bitcoin, for small businesses
This guide is intended for small business owners who wish to help promote Bitcoin by accepting it as payment for goods and services. It's written with the assumption that you operate a regular business that sells goods or services for regular national currency such as dollars, and that you wish to accept Bitcoin as another legal way to pay, and that you intend to pay taxes on your Bitcoin income just like any other income.With Bitcoin being touted as a way to conduct anonymous transactions and as way to compete with government currency, many small business owners wonder what's the right way to accept and account Bitcoin, or if it's legal or ethical, or whether and how they should pay taxes on income received through Bitcoin.
As far as we know, Bitcoin isn't yet formally recognized by governments and authorities as a "currency". But in practice, Bitcoin is likely no different than accepting payment in other forms, such as cash, or gold, or scrip, or gift cards or foreign currency. We think that it is pretty much the same as the local businesses of Great Barrington, Massachusetts choosing to accept their locally-printed "Berkshire Bucks" to support their local economy.
Starting to accept Bitcoin for transactions
Accepting Bitcoin at a small business is best started in whichever manner keeps the accounting simple for you. This will vary by the type of business you are operating.
Start with a sign
Utilize a merchant solution
If you sell things on your website (goods or services), you'll want to use a Bitcoin merchant solution to accept the Bitcoins (you can usually opt to have them converted to USD or other currencies automatically with some services).
If you sell things in a brick and mortar shop, customers can pay using hardware terminals, touch screen apps or simple wallet addresses through QR Codes.
Blockchain.info Free APIs to process bitcoin payments. No sign up or account needed.
Bitcoin Register Bitcoin Point of Sales application for Android, with integration into various exchanges. Similar to Square.
BIPS Bitcoin Internet Payment System. A Bitcoin payment processor with mobile checkout, point of sale solutions.
BitPay Bitcoin payment processor with mobile checkout solution
BitPagos Bitcoin and Credit Card payment processor
BTCMerch Payment processor for bitcoins and other cryptocurrencies. 0.5% transaction fee. Sandbox is available.
BitMerch Provides HTML buttons to start accepting bitcoins instantly. No server side setup required.
Coinbase Offers payment buttons, checkout pages, shopping cart integration, and daily cash out to USD.
Coinkite Full-reserve banking, payment buttons, invoice pages, hardware POS terminals, and Debit-Cards.
MTGOX Bitcoin payment processing
OKPAY Bitcoin payment processing for merchants
Fasterco.in Bitcoin payment processing for merchants and day-traders
Snowcron Bitcoin Store Engine: Handles payments, sends your customers information they ordered (reg. codes, passwords...) No web programming required.
GoCoin International payment processing platform for Merchants
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