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ALTCOIN
PAYMENT PROCESSING
The Pros and Benefits of Implementing a
Multi-Currency Payment Processing Platform
in Addition to Bitcoin
October 14, 2015
Introduction
Although Bitcoin is currently the dominant cryptocurrency
on the market, the ease at which Altcoins can be converted
into other forms of value eliminates the need to exclusively
rely on Bitcoin as the sole instrument for cryptocurrency
transactions.
By adopting a multi-currency payment processing platform,
businesses will benefit from increased market share and
greater revenue resulting from an expanded consumer
base of Altcoin users.
Key Benefits
In addition to the many advantages that Bitcoin currently
offers, Altcoins provide additional key benefits to
businesses such as:
ü  Increased traffic and sales
ü  Faster transaction speeds
ü  Potential commissions and rewards
ü  Developer accountability
Increased
Traffic and
Sales
Every Altcoin has a
dedicated community of
advocates who are
eager to evangelize and
promote individual
businesses that accept
their respective
currency.
This will result in free
grassroots promotion
and publicity which will
influence an expanded
audience of prospective
consumers beyond
those who primarily
utilize Bitcoin payments.
Bitcoin + Altcoin Market Capitalization*
Bitcoin
$3.7 Billion
* Based on total market capitalization on October 14, 2015 (via CoinMarketCap.com)
Altcoin
$515 Million
New Potential Customers
Faster
Transaction
Speeds
Sample Times for Verified Transactions*
Many Altcoins were
derived from the original
Bitcoin source code
which means they share
the same functionality.
However, most Altcoins
have been enhanced to
better facilitate merchant
payments namely faster
transaction speeds.
Faster transactions
speeds will inevitably
result in fewer drop-off
rates during checkout.
BITCOIN
60 minutes
MAZACOIN
10 minutes
TITCOIN
6 minutes
STARTCOIN
6 minutes
NETCOIN
6 minutes
MINTCOIN
3 minutes
* Based on average block times multiplied by 6 confirmations (per Bitcoin specifications)
Potential
Commission
and Rewards
Unlike the Bitcoin
community, Altcoin
developers routinely
offer free commissions
and rewards (aka
bounties) to participating
businesses and
partners.
This allows participating
businesses to be a
risk-free shareholder in
the success of each
respective Altcoin with
potential long-term
earnings.
Own a Free Stake in Altcoins*
* Varies based on each Altcoin’s commission and rewards program
Developer
Accountability
Most Altcoins are run by
dedicated teams of
developers and
managers who are
available to instantly
answer any technical
and logistical questions.
Bitcoin on the other
hand has no direct
accountability nor
dedicated support teams
to provide personal
assistance to
businesses and
consumers.
Ability to Directly Contact the Developers
Bitcoin Altcoins
Payment Processing Flow
Customer navigates
through the checkout
process to your payment
page. Customer selects
“Altcoin” as a payment
method and continues.
Customer is presented
with a page where they
can select their desired
Altcoin for payment. The
appropriate QR Code is
displayed where the
customer sends the
balance of funds they
owe.
After a few short minutes,
the balance of funds from
the customer will be
deposited into your
account where the Altcoin
is automatically converted
into Bitcoin for settlement
processing.
Once converted into
Bitcoin, you may utilize
your own settlement
processor or alternately
request a bank check be
issued in your currency of
choice.
1 2 3 4
Multi-Currency Partners
CoinPayments.net Cryptsy.com
CoinPayments is the premiere
Altcoin payment processor that
provides businesses with simple
tools that enable Altcoin integration
into all types of eCommerce and
checkout platforms.
Cryptsy is the premiere Altcoin
clearing house that allows
businesses to store Altcoin
payments with the added feature of
automatically converting Altcoins
directly into Bitcoin.
35 Participating Altcoins*
* Complete list of Altcoins that are available on both the CoinPayments and Cryptsy platforms
THANK YOU =)
To learn more about the business benefits of cryptocurrency and for a free consultation…
Contact: edward.mansfield@gmail.com

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Altcoin Payment Processing

  • 1. ALTCOIN PAYMENT PROCESSING The Pros and Benefits of Implementing a Multi-Currency Payment Processing Platform in Addition to Bitcoin October 14, 2015
  • 2. Introduction Although Bitcoin is currently the dominant cryptocurrency on the market, the ease at which Altcoins can be converted into other forms of value eliminates the need to exclusively rely on Bitcoin as the sole instrument for cryptocurrency transactions. By adopting a multi-currency payment processing platform, businesses will benefit from increased market share and greater revenue resulting from an expanded consumer base of Altcoin users.
  • 3. Key Benefits In addition to the many advantages that Bitcoin currently offers, Altcoins provide additional key benefits to businesses such as: ü  Increased traffic and sales ü  Faster transaction speeds ü  Potential commissions and rewards ü  Developer accountability
  • 4. Increased Traffic and Sales Every Altcoin has a dedicated community of advocates who are eager to evangelize and promote individual businesses that accept their respective currency. This will result in free grassroots promotion and publicity which will influence an expanded audience of prospective consumers beyond those who primarily utilize Bitcoin payments. Bitcoin + Altcoin Market Capitalization* Bitcoin $3.7 Billion * Based on total market capitalization on October 14, 2015 (via CoinMarketCap.com) Altcoin $515 Million New Potential Customers
  • 5. Faster Transaction Speeds Sample Times for Verified Transactions* Many Altcoins were derived from the original Bitcoin source code which means they share the same functionality. However, most Altcoins have been enhanced to better facilitate merchant payments namely faster transaction speeds. Faster transactions speeds will inevitably result in fewer drop-off rates during checkout. BITCOIN 60 minutes MAZACOIN 10 minutes TITCOIN 6 minutes STARTCOIN 6 minutes NETCOIN 6 minutes MINTCOIN 3 minutes * Based on average block times multiplied by 6 confirmations (per Bitcoin specifications)
  • 6. Potential Commission and Rewards Unlike the Bitcoin community, Altcoin developers routinely offer free commissions and rewards (aka bounties) to participating businesses and partners. This allows participating businesses to be a risk-free shareholder in the success of each respective Altcoin with potential long-term earnings. Own a Free Stake in Altcoins* * Varies based on each Altcoin’s commission and rewards program
  • 7. Developer Accountability Most Altcoins are run by dedicated teams of developers and managers who are available to instantly answer any technical and logistical questions. Bitcoin on the other hand has no direct accountability nor dedicated support teams to provide personal assistance to businesses and consumers. Ability to Directly Contact the Developers Bitcoin Altcoins
  • 8. Payment Processing Flow Customer navigates through the checkout process to your payment page. Customer selects “Altcoin” as a payment method and continues. Customer is presented with a page where they can select their desired Altcoin for payment. The appropriate QR Code is displayed where the customer sends the balance of funds they owe. After a few short minutes, the balance of funds from the customer will be deposited into your account where the Altcoin is automatically converted into Bitcoin for settlement processing. Once converted into Bitcoin, you may utilize your own settlement processor or alternately request a bank check be issued in your currency of choice. 1 2 3 4
  • 9. Multi-Currency Partners CoinPayments.net Cryptsy.com CoinPayments is the premiere Altcoin payment processor that provides businesses with simple tools that enable Altcoin integration into all types of eCommerce and checkout platforms. Cryptsy is the premiere Altcoin clearing house that allows businesses to store Altcoin payments with the added feature of automatically converting Altcoins directly into Bitcoin.
  • 10. 35 Participating Altcoins* * Complete list of Altcoins that are available on both the CoinPayments and Cryptsy platforms
  • 11. THANK YOU =) To learn more about the business benefits of cryptocurrency and for a free consultation… Contact: edward.mansfield@gmail.com