Bitcoin is the digital currency used to make real-life transactions over the Internet. It is a decentralized payment network without a mediator and is maintained by the peers. The encryption method simulates the online banking and the network is incredibly secure as that of a banking network.
And, Magento is the well-known popular e-commerce platform enveloping about 30% of the e-commerce stores. It is widely accepted by the merchants handling small, medium or the large sized businesses alike. Most of the industry verticals have gained high return on investment by adopting e-commerce store through Magento development services.
Well, now the point is to connect these two in an impeccable way. Nevertheless to say, Magento having the payment system integrated with Bitcoin services strengthens the security, popularity, and ease of usage for the online shoppers. The Bitcoin transactions are transparent and prevent fraud. Moreover, the processing fees for the payment are low and effective instantly. The transactions are irreversible and hence, there is no chargeback risk. It leads to higher margin for the merchants and as an unwritten rule; we find most of the Magento store development companies today offering the services for their clients. Click here for more details..
Magento Store Developers 