"Bit.Store integrates mainstream BRC20 assets, including ORDI, SATS, and RATS, into its encrypted card payment system, leveraging its encrypted bank card to enhance the liquidity and consumption of BTC ecosystem tokens."
The Bitcoin network was designed from the beginning as a decentralized, peer-to-peer cash system, aiming to disrupt traditional financial systems and create a new ideology of financial systems. In fact, this distributed financial network, composed of blockchain and cryptocurrency, has great potential in the payment field. It has better security, higher settlement efficiency, is not limited by national or regional boundaries or time, and has no transaction refund fraud risk, especially in cross-border payments, it has unique advantages.
However, on the other hand, encrypted payments are difficult to popularize in daily consumption. Any on-chain payment requires payment of Gas, and the level of Gas fees depends on the situation on the chain. During peak periods, including many on-chain networks such as Bitcoin, Gas fees may be as high as several dollars, and network confirmations are slow. At the same time, cryptocurrencies themselves are highly volatile assets, and merchants need to be able to exchange and settle in real-time with fiat currencies to ensure a more stable value.
Bit.Store is now addressing the series of issues faced by encrypted payments by launching a series of encrypted payment cards. By using encrypted cards as carriers, it provides a seamless encrypted cryptocurrency payment experience, aiming to further popularize encrypted payments in daily consumption. Most importantly, the encrypted virtual cards launched by Bit.Store do not require KYC and support registration through email and the Binance mini-program, providing an opportunity for billions of people worldwide who cannot access traditional financial services to enjoy financial convenience in the new era.
Bit.Store: Promoting the widespread adoption of cryptocurrencies in the payment field
Bit.Store is a set of encrypted payment card infrastructure solutions, backed by a mature encrypted payment solution that can provide long-term support for various encrypted payment scenarios. Recently, Bit.Store launched encrypted payment cards, including virtual cards (denominated in US dollars) and physical cards (denominated in euros). These cards are supported by Mastercard or Visa and can be used for seamless payments on millions of platforms and merchants that accept Mastercard or Visa through Bit.Store cards.
In online payment scenarios, integration with payment channels such as Apple Pay and Paypal means that theoretically, any scenario that supports Apple Pay and Paypal payments can also be paid with cryptocurrencies based on Bit.Store cards. For example, subscribing to OpenAI or Netflix, shopping on Amazon or eBay, booking luxury hotels, or even buying a cup of coffee on the way to work through encrypted payments.
Based on the new encrypted payment card solution of Bit.Store, users can easily access their Bit.Store accounts on computers, smartphones, or tablets, and ensure that the cards can be quickly and easily prepared for use through a user-friendly interface. It also provides users with a seamless and instant way to convert their cryptocurrencies into spendable fiat assets such as US dollars.
The physical cards provided by Bit.Store are strengthened with 2FA to ensure the security of each transaction. It also has the support of Mastercard and Visa through partnerships with regulated banks and strictly complies with PCI DSS standards. The encrypted payment channel established by Bit.Store will have broader compliance and security.
Another advantage of Bit.Store cards is that the virtual cards they offer do not require KYC. Users only need to register the card through email or other features and can use it for various payment scenarios, with no application fees. This means that the virtual cards can be open to users worldwide, which is an advantage that other encrypted payment cards currently do not have.
We can see that although internet finance is highly popular worldwide, it is still difficult to reach economically underdeveloped areas. Currently, billions of people still cannot enjoy the convenience brought by finance. The virtual cards offered by Bit.Store are becoming a new opportunity for users in these areas to enjoy financial convenience. At the same time, users can earn rewards every time they make a payment with the virtual card, adding more value to each transaction, which will also attract more users to join.
Bit.Store is integrating encrypted payments into various consumer scenarios and promoting the widespread adoption of encrypted payments globally.
Integrating mainstream BRC20 tokens to empower the development of the inscription track
The explosion of the inscription track has not only brought a new asset solution to non-Turing complete ecosystems, including Bitcoin, but also further promoted the encrypted market to emerge from the shadow of the previous bear market. This new type of asset launched in a "Fair Launch" manner is making it more fair for retail investors to participate. However, we also see that after the launch of ORDI assets on Binance and the launch of SATS contract products, the heat of the inscription market is dissipating.
Although the issuance scheme of inscription assets does have certain innovation, this special type of asset is difficult to actively capture liquidity in the market, and whether inscription assets have practicality is also questioned by the encrypted market. Bit.Store is empowering the inscription track in a new way to promote the large-scale adoption of this new type of encrypted asset and enhance its liquidity.
Bit.Store is providing extensive support for different forms of encrypted assets. In addition to initially supporting mainstream cryptocurrencies such as Bitcoin and Ethereum, it has also integrated some mainstream BRC20 inscription assets, including ORDI, SATS, and RATS, through a new technical solution.
Currently, with Bit.Store cards as carriers, inscription assets including ORDI, SATS, and RATS can further have practical value through this method and become popular assets that can be used for daily consumption payments. On the other hand, Bit.Store is also expanding the channels for investors to invest in inscription assets. It helps inscription assets establish a link with fiat currencies and promotes more traditional consumers and investors to have broader access to inscription assets. Through this new empowerment method, inscription assets have further gained the ability to actively capture value. In the future, the Bit.Store payment ecosystem is expected to further integrate more types of high-quality inscription assets, enhancing the liquidity and consumption of BTC ecosystem tokens.
The integration of inscription assets by Bit.Store into its payment system further gives them practicality in the traditional world, marking a new milestone in the development of the inscription track. This also reflects the inclusiveness of the Bit.Store payment system, which is becoming a new driver of diverse encrypted culture.
The acceptance of cryptocurrencies is increasing day by day. With the inclusion of Bitcoin as legal tender by developing countries such as El Salvador and the Central African Republic, the introduction of cryptocurrency policies around the world, traditional business giants accepting and becoming cryptocurrency investors, and the recent approval of Bitcoin ETF by the US SEC, this field is constantly reaching new milestones. After just a few years of development, the narrative logic of cryptocurrencies is no longer just a simple chain of code on the blockchain. It is becoming a new global asset, which will further accelerate the comprehensive development of the encrypted payment industry and become a new trend.
By creating a forward-looking and advanced encrypted payment infrastructure, Bit.Store has the ability to provide low-threshold, seamless encrypted payment services, and is expected to promote more roles to become encrypted payment users. With a more inclusive and extensive layout, backed by a trillion-dollar potential market, Bit.Store will continue to highlight its value in the new era.