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office@cubits.com
+44 330 606 0750
THE FUTURE OF
PAYMENTS IS HERE.
ARE YOU READY?
Cubits operates under the UK’s HM
Revenue and Customs regulations.
2
office@cubits.com
+44 330 606 0750
Cubits imagines a world where Bitcoin is accessible to
anyone,anywhere.Our mission is to provide everyone with
convenient access to Bitcoin. Cubits lays the infrastructure
for the world to speak one common payment language.
O U R B U S I N E S S
Buy & Sell
Bitcoin
Instant buy and sell
options with 17
supported currencies.
C U B I T S C U B I T S P A Y
Bitcoin
Wallet
Secure Bitcoin storage
and portal for transfers
and payments.
Bitcoin
Payments
Bitcoin payment
processing for merchants
and professionals.
Founded in 2014, Cubits is an all-inclusive platform to buy, sell, manage, and use
Bitcoin. With locations in London and Berlin, our mission is to make Bitcoin easily
accessible to everyone around the world. Cubits launched in November 2014 with a
Bitcoin wallet and merchant services.
O U R M I S S I O N
C U B I T S P A Y
Cubits operates under the UK’s HM
Revenue and Customs regulations.
3
office@cubits.com
+44 330 606 0750
www.bitpay.com
Cubits Pay empowers payment processors with a Bitcoin payment solution.
Adding an additional payment method will increase your customer base and
significantly reduce your transaction fees. You’re now ready for the future of
payments.
No fees help businesses grow
With no fees incurred on your first
€100,000 in earnings, you can keep the
extra money and reinvest it back into your
business. Earn exactly what you charge.
BitPay launches with its
Bitcoin payment processing
May 2011.
In the past 2 years, Bitpay
has acquired 43,000 more
merchants.
Now, people can spend
Bitcoin with 44x more
merchants.
+4400%increase of merchants that
accept Bitcoin
Result:
44,000
Merchants
as of November 2014
1,000
Merchants
as of October 2012
Designed for global commerce
Cubits Pay connects you to Bitcoin
users worldwide so you can boost your
revenue. Eliminate the need for locally
based payment processors.
Quick and easy setup
Our integration tools require no additional
hardware— you’ll immediately have
access to our collection of shopping carts,
payment buttons, and API. Our support
team is only a phone call away.
C U B I T S
Eliminate fraud and chargebacks
With Cubits Pay, you are protected from
fraud and chargebacks. Transactions that
occur are irreversible and require no
expensive reprocessing fees.
O U R F E A T U R E S
T H E G R O W T H O F I N N O V A T I O N
R E D E F I N I N G P A Y M E N T S
C U B I T S P A Y
Cubits operates under the UK’s HM
Revenue and Customs regulations.
4
office@cubits.com
+44 330 606 0750
Now,let’s compare Cubits Pay with BitPay.We use key metrics
such as time and costs to let you decide which payment
provider better suits your business and its future.
Market
Focus
Payment
Services
Europe
European focus with and
international setup.
Established in the US and now
expanding globally.
B2B and B2C Only B2B
Cubits offers both a wallet and
merchant payment services to create
a seamless payment ecosystem.
Available
Currencies
Merchant
Support
15 currencies
Free
8 currencies
$300/month
GBP EUR USD CAD AUD
JPY SEK CHF DKK NOK
PLN CZK HRK HUF RSD
USD CAD NZD
EUR GBP ZAR
AUD MXN
For both email and phone support.
Buy & Sell
Bitcoin
< 1 minute Not possible
Cubits customers are able to buy and
sell Bitcoin in less than one minute.
Currently does not allow users to
buy and sell Bitcoin directly on their
platform.
C U B I T S P A Y
USA
Customers MUST have Bitcoin and
external wallet to complete purchase.
For both email and phone support.
Senior Developers can assist you with
any integration issues or custom solutions.
T H E S H O W D O W N
Cubits operates under the UK’s HM
Revenue and Customs regulations.
5
office@cubits.com
+44 330 606 0750
P A Y M E N T & D O N A T I O N B U T T O N S
S H O P P I N G C A R T P L U G I N S
C U B I T S A P I
Pay with Bitcoin Donate Bitcoin
Payment and donation buttons are the most immediate means of
accepting Bitcoin. From our Cubits Pay interface, you can set an
individual item’s description and price, which will generate HTML code
and a preview of the button.
If you have specific needs or require more control over the payment
process, we have a custom API to suit your business’ needs. The Cubits
API offers:
With ready-made libraries and documented example code, we make
using the Cubits API a very straightforward process. Our professional
support staff and engineers are ready to aid you in the process.
•	 Secure authentication mechanism
•	 Invoice creation with single API call
•	 Permanent payment screen URLs
•	 Custom reference fields
•	 Flexible and secure callback mechanism
•	 Customer support
•	 Payments and invoice change notifications
With Cubits Pay,you will have FREE access to our collection of shopping cart plugins,payment
buttons, and API. No matter how big or small your business, we have a Bitcoin payment
solution for you. No additional hardware is required. Our customer support is standing by to
help you with any of your integration needs at support@cubits.com.
Cubits Pay has integration tools for popular shopping carts. Don’t see
your cart here? Our support team can customize a solution for you.
I N T E G R A T I O N T O O L S
Cubits operates under the UK’s HM
Revenue and Customs regulations.
6
office@cubits.com
+44 330 606 0750
Once you have integrated your Cubits payment button,shopping cart plugin,or custom
API, you are ready to accept Bitcoin!
Here is how the process works when your customer decides to pay using Bitcoin:
CUSTOMER HAS
BITCOIN
CUSTOMER DOES NOT
HAVE BITCOIN
Cash out in Bitcoin, your
local currency, or a mixture
of both. You earn exactly
what you charge.
A customer with a Cubits wallet
can log into their account and
checkout within seconds.
ZERO transaction fees
for your first €100,000 in
earnings and only 0.9%
after.
A customer can sign up for
a Cubits wallet and have
Bitcoin within minutes.
A customer shops at your store
and decides to pay using Bitcoin.
Your customer is given 10 minutes
to make the purchase.
Reinvest the money
you’ve saved on fees back
into your business.
T H E P A Y M E N T P R O C E S S
Cubits operates under the UK’s HM
Revenue and Customs regulations.
7
office@cubits.com
+44 330 606 0750
(1) Under the supervision of HMRC, the company is registered and operating under
the Telecommunications Digital & IT Payment Service Provider under the Money
Laundering Regulations 2007.
Source: http://www.hmrc.gov.uk/mlr/
(2) In March 2014, HMRC further clarified that no VAT is due on the value of
Bitcoin when they are exchanged for fiat currencies like Pounds Sterling or Euros.
Source: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies
U K H M R E V E N U E & C U S T O M S R E G U L A T I O N S
O U R R E G U L A T I O N C O M M I T M E N T
At Cubits, we see regulation as a necessity for cryptocurrencies to exist and survive in
the long-run. Cubits is registered as Telecommunications Digital & IT Payment Service
Provider under the Money Laundering Regulations 2007 with the HM Revenue
& Customs and applies strict Know Your Customer and Anti-Money Laundering
controls using Jumio. For data protection purposes, Cubits is also registered with the
Information Commissioner’s Office. We have partnered with Bitcoin organizations like
Diacle and Innovate Finance to uphold the highest level of regulatory transparency
and compliance.

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Cubits Bitcoin Whitepaper: Payment Processor

  • 1. office@cubits.com +44 330 606 0750 THE FUTURE OF PAYMENTS IS HERE. ARE YOU READY?
  • 2. Cubits operates under the UK’s HM Revenue and Customs regulations. 2 office@cubits.com +44 330 606 0750 Cubits imagines a world where Bitcoin is accessible to anyone,anywhere.Our mission is to provide everyone with convenient access to Bitcoin. Cubits lays the infrastructure for the world to speak one common payment language. O U R B U S I N E S S Buy & Sell Bitcoin Instant buy and sell options with 17 supported currencies. C U B I T S C U B I T S P A Y Bitcoin Wallet Secure Bitcoin storage and portal for transfers and payments. Bitcoin Payments Bitcoin payment processing for merchants and professionals. Founded in 2014, Cubits is an all-inclusive platform to buy, sell, manage, and use Bitcoin. With locations in London and Berlin, our mission is to make Bitcoin easily accessible to everyone around the world. Cubits launched in November 2014 with a Bitcoin wallet and merchant services. O U R M I S S I O N C U B I T S P A Y
  • 3. Cubits operates under the UK’s HM Revenue and Customs regulations. 3 office@cubits.com +44 330 606 0750 www.bitpay.com Cubits Pay empowers payment processors with a Bitcoin payment solution. Adding an additional payment method will increase your customer base and significantly reduce your transaction fees. You’re now ready for the future of payments. No fees help businesses grow With no fees incurred on your first €100,000 in earnings, you can keep the extra money and reinvest it back into your business. Earn exactly what you charge. BitPay launches with its Bitcoin payment processing May 2011. In the past 2 years, Bitpay has acquired 43,000 more merchants. Now, people can spend Bitcoin with 44x more merchants. +4400%increase of merchants that accept Bitcoin Result: 44,000 Merchants as of November 2014 1,000 Merchants as of October 2012 Designed for global commerce Cubits Pay connects you to Bitcoin users worldwide so you can boost your revenue. Eliminate the need for locally based payment processors. Quick and easy setup Our integration tools require no additional hardware— you’ll immediately have access to our collection of shopping carts, payment buttons, and API. Our support team is only a phone call away. C U B I T S Eliminate fraud and chargebacks With Cubits Pay, you are protected from fraud and chargebacks. Transactions that occur are irreversible and require no expensive reprocessing fees. O U R F E A T U R E S T H E G R O W T H O F I N N O V A T I O N R E D E F I N I N G P A Y M E N T S C U B I T S P A Y
  • 4. Cubits operates under the UK’s HM Revenue and Customs regulations. 4 office@cubits.com +44 330 606 0750 Now,let’s compare Cubits Pay with BitPay.We use key metrics such as time and costs to let you decide which payment provider better suits your business and its future. Market Focus Payment Services Europe European focus with and international setup. Established in the US and now expanding globally. B2B and B2C Only B2B Cubits offers both a wallet and merchant payment services to create a seamless payment ecosystem. Available Currencies Merchant Support 15 currencies Free 8 currencies $300/month GBP EUR USD CAD AUD JPY SEK CHF DKK NOK PLN CZK HRK HUF RSD USD CAD NZD EUR GBP ZAR AUD MXN For both email and phone support. Buy & Sell Bitcoin < 1 minute Not possible Cubits customers are able to buy and sell Bitcoin in less than one minute. Currently does not allow users to buy and sell Bitcoin directly on their platform. C U B I T S P A Y USA Customers MUST have Bitcoin and external wallet to complete purchase. For both email and phone support. Senior Developers can assist you with any integration issues or custom solutions. T H E S H O W D O W N
  • 5. Cubits operates under the UK’s HM Revenue and Customs regulations. 5 office@cubits.com +44 330 606 0750 P A Y M E N T & D O N A T I O N B U T T O N S S H O P P I N G C A R T P L U G I N S C U B I T S A P I Pay with Bitcoin Donate Bitcoin Payment and donation buttons are the most immediate means of accepting Bitcoin. From our Cubits Pay interface, you can set an individual item’s description and price, which will generate HTML code and a preview of the button. If you have specific needs or require more control over the payment process, we have a custom API to suit your business’ needs. The Cubits API offers: With ready-made libraries and documented example code, we make using the Cubits API a very straightforward process. Our professional support staff and engineers are ready to aid you in the process. • Secure authentication mechanism • Invoice creation with single API call • Permanent payment screen URLs • Custom reference fields • Flexible and secure callback mechanism • Customer support • Payments and invoice change notifications With Cubits Pay,you will have FREE access to our collection of shopping cart plugins,payment buttons, and API. No matter how big or small your business, we have a Bitcoin payment solution for you. No additional hardware is required. Our customer support is standing by to help you with any of your integration needs at support@cubits.com. Cubits Pay has integration tools for popular shopping carts. Don’t see your cart here? Our support team can customize a solution for you. I N T E G R A T I O N T O O L S
  • 6. Cubits operates under the UK’s HM Revenue and Customs regulations. 6 office@cubits.com +44 330 606 0750 Once you have integrated your Cubits payment button,shopping cart plugin,or custom API, you are ready to accept Bitcoin! Here is how the process works when your customer decides to pay using Bitcoin: CUSTOMER HAS BITCOIN CUSTOMER DOES NOT HAVE BITCOIN Cash out in Bitcoin, your local currency, or a mixture of both. You earn exactly what you charge. A customer with a Cubits wallet can log into their account and checkout within seconds. ZERO transaction fees for your first €100,000 in earnings and only 0.9% after. A customer can sign up for a Cubits wallet and have Bitcoin within minutes. A customer shops at your store and decides to pay using Bitcoin. Your customer is given 10 minutes to make the purchase. Reinvest the money you’ve saved on fees back into your business. T H E P A Y M E N T P R O C E S S
  • 7. Cubits operates under the UK’s HM Revenue and Customs regulations. 7 office@cubits.com +44 330 606 0750 (1) Under the supervision of HMRC, the company is registered and operating under the Telecommunications Digital & IT Payment Service Provider under the Money Laundering Regulations 2007. Source: http://www.hmrc.gov.uk/mlr/ (2) In March 2014, HMRC further clarified that no VAT is due on the value of Bitcoin when they are exchanged for fiat currencies like Pounds Sterling or Euros. Source: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies U K H M R E V E N U E & C U S T O M S R E G U L A T I O N S O U R R E G U L A T I O N C O M M I T M E N T At Cubits, we see regulation as a necessity for cryptocurrencies to exist and survive in the long-run. Cubits is registered as Telecommunications Digital & IT Payment Service Provider under the Money Laundering Regulations 2007 with the HM Revenue & Customs and applies strict Know Your Customer and Anti-Money Laundering controls using Jumio. For data protection purposes, Cubits is also registered with the Information Commissioner’s Office. We have partnered with Bitcoin organizations like Diacle and Innovate Finance to uphold the highest level of regulatory transparency and compliance.