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About the Book
There’s a lot of material out there about Bitcoin, but not very much of it deals with the practical realities of using it as money. Most publications emphasize what Bitcoin is currently trading at, and how cryptocurrencies may evolve even further as an asset class in the future. This e-book depicts little-known facts about accepting cryptocurrency for business including the practical implications associated to the Bitcoin blockchain and its digital ecosystem, it will arm you with basic information, so you can put virtual realities into a real-world context.
Chapter by chapter, the content offers deep insights into businesslike scenarios leaving readers with a decision grid that assists with guidance for IT engineers and project managers of technology companies who have an interest in integrating this epoch-making innovation into their applications.
The ultimate goal of this guide is to demystify digital currency and to clear up the misconceptions associated with it. If you’re considering adopting Bitcoin for e-commerce, this short, no-nonsense guide will help you understand the ins and outs of payment processing, the regulatory environment and security issues surrounding Bitcoin, and a wealth of information that’s not available in a single, comprehensive source elsewhere. You’ll find a complete rundown of issues you’ll want to consider before launching into Bitcoin payments for the first time. The content bridges the knowledge gap between payments traditionally handled in legal tender and payments made in digital currency.
About the Author
Bernhard Kaufmann is a blockchain technology expert specializing on peer-to-peer payments for digital goods and services. His extensive experience with the Bitcoin ecosystem, as well as his involvement as an AML-compliance officer, have convinced him that decentralized and non-custodial applications require less administrative effort, have lower transaction costs, and are ultimately more secure than centralized systems. His company was the first crypto firm in Switzerland to get direct approval from the Swiss Financial Market Supervisory Authority as a regulated financial intermediary. Today, the author focuses on novel use cases involving Ethereum smart contracts.