NATS4 gateway for BITCOIN ready for beta test

[bitpay]

Cho at NATS has been working to test orders with our bitcoin payment gateway, and we are now ready to have a couple beta sites.

Why use this?

- accept a payment from any country on earth
- no risk of chargebacks
- instant currency conversion
- next-day direct deposit to bank accounts in USA, Canada, and Mexico
- integrated with NATS4

I met many of you at the Phoenix Forum last weekend, which was a blast! If you have a site that you'd like to beta-test with bitcoin, let me know, and Cho will hook it up.

[email protected]

[Brujah]

Good luck, and will you keep us posted with sites that accept bitcoin?

[DWB]

The whole bit coin thing still amazes me.

Curious how many bit coins it will take to join a site and how long it will take someone to mine them.

[Serge Litehead]

Bitcoins and NATS, who could have thought it would ever happen

[oscer]

Should set it up for Litecoin also as i noticing this is taking hold

[Mr Cheeks]

Interesting. I've been waiting to see how adult is going to use BitCoins for billing/payment..

[Coup]

I'm sure the three people out there still fucking with buttcoins can't wait to sign up.

[Mr Cheeks]

pasting below an email a buddy of mine sent me last week. he's a big BitCoin evangelist:

For you developer type guys looking for an interesting and probably pretty profitable project, here's an interesting idea that sprouted up from my instructional StripCoin.com site involving webcam girls.

https://bitcointalk.org/index.php?to...1883#msg831883

Quote:

I've been wanting to share a killer idea that could extract lots of BTC from horny net guys (and put it into the wallets of hungry cam girls). It would function like this:
Each visitor to the site sees a unique Bitcoin address into which they are to deposit BTC.
The site is otherwise a pretty standard camgirl-type site, with a thumbnail index of all the girls currently online waiting to give shows.
Upon entering a "room," a visitor can watch the girl for free until she turns on the "premium" switch. (Still standard camgirl stuff.)
Once the room goes premium, viewers see a meter (thermometer style) along the edge of the video. The meter represents their current credit.
There is a button labeled "Fill: 1 BTC," which deducts 1 BTC from the viewer's unique address (into which they've already deposited some BTC) and adds it to the meter.
The meter slowly drains as the viewer watches the show. When it gets low, visual cues alert and encourage the viewer to click the "Fill" button to continue viewing.

There would be much less friction for the customer because he doesn't have to give away any personal information to put credits into the system. There would be much less friction for the site operators because they don't have to deal with credit card processors. And there would be much less friction for the girls because they don't have to have bank accounts or pay exorbitant fees to receive and cash checks.

[Internet Guy]

Bump for progress

[bitpay]

Cam sites are good for this, as are sites that sell credits, gold, or tokens for VOD/PPV etc.

No name or address needs to be collected from the buyer to make the sale.

I will try to keep you updated as sites are added. I would only expect a couple during beta test, but once it is public as an integrated biller with NATS it should get some good interest. The whole idea of no chargebacks is enough to try it out.

[shake]

All the money is in recurring though, and I don't think it will support that?

[bitpay]

Originally Posted by shake

All the money is in recurring though, and I don't think it will support that?

not yet, but we are actively working on it.

[Major (Tom)]

Originally Posted by bitpay

not yet, but we are actively working on it.

that's like saying "We've found a way to create a penis in a laboratory but we have yet to figure out how to make it erect"
ds