Why?

Why start to accept Bitcoin in your business?

It is superior money that's why.

How? Well let's talk first about what is wrong with our current money.

Firstly, monetary policy, with best intentions or not, people with the power to print more money and inject it into the economy can make mistakes; look at Lebonan, Turkey, Argentina and more currently America and Europe. More money printed is more money in the system competing for the same amount of goods.

Secondly, to take part in the current system you need permission. You need permission to open a bank account and sometimes just to send money.

And thirdly, the tech is outdated. It's slow, can be expensive to move money, doesn't work on weekends or bank holidays.

Why is Bitcoin the solution?

Bitcoins monetary policy is set, there will only ever be 21 million so no one can print more and devalue your savings.

It is permissionless, anyone with internet connection can decide to accept Bitcoin no matter who you are or where you are from.

Bitcoin is on the cutting edge of monetary technology. Innovation is bringing micro payments, instant settlement, no chargebacks, low to near zero fees and works 365 days per year, Bitcoin doesn't sleep!

So how easy is it to accept Bitcoin?

1. A wallet

2. Zaprite - Invoicing

3. IbexPay - Lightning Network enterprise solutions

For Zaprite and IbexPay you will also need a wallet so lets get started.

Accepting Bitcoin

Wallets

Download a wallet, this is like a bank account which you and only you control.

Android wallets: Samourai, Blue Wallet, Muun Wallet

iOS wallets: Blue Wallet, Muun Wallet, Fully Noded

Desktop: Sparrow wallet

There are two different ways to accept/send Bitcoin. Both come with different benefits and trade-offs.

Onchain or layer 1

On-chain transactions are extremely secure and reliable because of this it can be slow and costly for widespread everyday transactions.

Lightning or layer 2

Lightning transactions are lightning fast and low to near zero fees because of this third party may need to be trusted.

Let's use Muun wallet for an example;

1. Download Muun

2. Set a passcode. VERY IMPORTANT, remember this, it cannot be retrieved

3. Select receive, choose Bitcoin (onchain/layer 1) or Lightning (lightning/layer 2).

I have a rule of thumb that if the amount you receive is more than a days pay it should be transferred through layer 1 as it is more secure.

4. Select address settings, enter in the amount you want to receive.

5. Get the sender to scan the QR code or hit the share button and share the address with them.

Zaprite

Zaprite is a web app that allows anyone to create beautiful, customised invoices that can be paid with Bitcoin or bank transfer!

Read the following blog for instructions on how to send your first invoice: https://blog.zaprite.com/sending-your-first-zaprite-bitcoin-invoice/

IBEXPAY

IBEX is a bitcoin infrastructure company specialised in the Lightning Network enterprise solutions.

IBEX allows you to accept Bitcoin and exchange it directly into a Euros. ZERO RISK. You will just be opening up your service or business to a niche market, Bitcoiners!

IBEX allows you to determine the level of exposure to Bitcoin you want. Change 100% into euros, 75% into euros, 50%... you get the picture.

Check out the following tutorial on how to get onboard:

https://www.youtube.com/watch?v=HygXN0ff8HI