Bitcoin for Chocolate Truffles, Why We Now Accept Bitcoin

January 09, 2014

Intrigue Chocolate is proud to announce we now accept Bitcoin on our website!

So what is Bitcoin? In a nutshell, it's a type of internet currency. You buy bitcoin with real dollars, store the coins in a digital wallet, and then spend the coins where accepted on the web.

There are several benefits to the Bitcoin system, both for the consumer and the seller:

The transaction has a competitively small middleman cost. Because there isn't a large bank required to pay thousand of employees, the cost of exchanging "money" is reduced to only the cost of validating the exchange. The exchange is managed on the open market by "miners" who are paid in new coin to run software that validates the transaction. This is a more complex yet endlessly fascinating topic, so research more at the risk of your afternoon!
The complexity of handling foreign currency is minimized. Since everyone buys and converts bitcoin with their native currency, the Bitcoin receiver can convert the coin back into the seller's native currency even though the person sending the bitcoin to them bought it with a different currency. Intrigue Chocolate will receive the trade of coin through a service called Bitpay which will immediately convert it into USD and send it our way, which makes it easier for us to manage and account.
As a consumer, it's easy to send Bitcoin to whoever for whatever. Want to tip someone in a forum for a good post? Send them a $1 worth of Bitcoin! Want to pay an anonymous digital someone for doing a quick job for you? Send them the equivalent in Bitcoin!

We believe in the Bitcoin system and we want to support it. For Bitcoin to grow and be viable, there need to be a variety of places to spend and trade the Bitcoin. Shopify integrated with Bitpay to make that easy for us to adopt, so why not?

If you have Bitcoin, you can now spend it on chocolate!

If you are curious and want to learn more, try this resource here: WeUseCoins.com