Yet another company [NameCheap] runs away from BitPay-like services. It's time to go Noncustodial

In the past months, a lot of merchants have been opening up to Bitcoin as a payment solution compared to the fiat currency but are struggling to find a solution that offers them a seamless solution. Companies/Customers (Amazon Watch, NameCheap, Hong Kong Press) have voiced there concerns about growing scrutiny and stringent regulations they have to follow to accept bitcoin payments.

Just last week a 'customer' had to do KYC to make a payment using BitPay. Such rules are not even heard of in the traditional fiat world.

This article very well sums up why such rules are bad for the crypto community and does more harm than good.

Most merchants end up going to top companies like BitPay, CoinBase only to realize they along with there customers have to jump through hoops to make a simple transaction. Not to mention getting there accounts closed or frozen.

What they need is a non custodial solution that provide you with complete control of your funds without any interference. Thankfully there are solutions available that merchants can start using today to start accepting bitcoin. Options such as:

• BTCPay Server: open source software
• Blockonomics: host of features and plugin options
• Atomic Pay: good for physical stores
• CMM Pay: launched just last month, so relatively new in the space

Submitted September 23, 2019 at 04:42PM by primalfabric https://ift.tt/2kZ8YlH