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Online pharmacies are the pharmacies that allow purchasing of the medications hard to find at physical drug stores. Due to increase in the demand for prescription drugs, numerous online pharmacies have popped up on the chart. These pharmacies mainly deal only with fiat. However, with the ever-growing popularity of cryptocurrencies, the trend is starting to shift as online pharmacies have already started accepting Bitcoin payments in exchange for their services. In addition, some online pharmacies offer special discounts to those who opt for Bitcoin as a payment option due to simple Bitcoin exchange rates.

Bitcoin Online Pharmacies – Bitcoin As A Payment Option:

Over the last couple of years, there has been an alarming rise in drug prices. The same medications cost $11 are now being sold for over $35. Yes, more than 200% higher!!!

This astonishing price increase is really a worrying issue. However, there is one solution: Bitcoin. A lot of online pharmacies are allowing their customers to pay in Bitcoin for convenient purchases. Also, some financial analysts have shown their support for Bitcoin pharmacy trend and declared it a good investment option.

Those who have put some of their resources into Bitcoin for the sake of increasing income in near future; they indeed have made a good deal.

At this point, one might ask: “Why using Bitcoin as a payment option is a good deal?” Well, Bitcoin is a safe mode of doing business. It is not tied to your bank account, provides user anonymity, and takes the security to another level to complete online purchases.

How To Use Bitcoin As A Payment?

The majority of online pharmacies accepting Bitcoin offer special discounts to their customers who use Bitcoin to pay the bills. Anyone who wishes to pay in Bitcoin must own a virtual wallet and have access to a Bitcoin buying platform.

The online pharmacies have established a guideline for their crypto users. According to the guideline, a user must not engage in buying or selling Bitcoin until they receive an email, confirming the number of bitcoins required to complete the order.

This helps the customers avoid any security-related issues.

What Are The Best Places To Buy Prescription Drugs Online With Bitcoin?

Once you have made up your mind to buy prescription drugs online with Bitcoin, do a simple Google search. The results will contain many names that incorporate Bitcoin payments.

Some names that you might want to bookmark are:

Wrap Up:

With the latest advancements in cryptocurrency technology, bitcoin health stores have become an essential part of the payment system. As a result, several online pharmacies are now offering their services for Bitcoin. To encourage the usage of this currency, the pharmacies are also offering special discounts to those buying their products with Bitcoin, thus lowering the cost of prescription medicines.

 

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One thought on “Online Pharmacy Bitcoin – Do Online Pharmacies Accept Bitcoin?

  1. These are the great blogs; I assure you that I really enjoyed a lot in reading.
    Thanks for Sharing.

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What Are Some Simple Ways to Buy and Invest in Bitcoin?

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how to earn bitcoins

Bitcoin is a peer to peer, decentralized, the digital currency which is designed for users to make online transaction anonymously. In simpler words, it’s a virtual currency which was created by a group of unknown programmers in 2009.

During this short period of time, bitcoin has accumulated worldwide recognition as well as contention as an alternative to USD and Euros.

Journey Towards Popularity:

Bitcoin first came into circulation in 2009. The currency didn’t gain much attention in world business during the first couple of years. The first it gained recognition was the year 2011-12 when it grew over 300%. The next year also proved to be quite fruitful as the currency saw more than 400% growth in its value.

Due to its incredible rise, the investors and venture capital around the world invested $57 million in the first quarter, followed by an investment of $73 million in second quarter.

A Guideline to Invest in Bitcoins:

The easiest way to get bitcoins is to shop for bitcoins. There are numerous established firms in the US and around the globe that are involved in trading bitcoins. These firms are abbreviated as BTC.

Coinbase and BitStamp are two of the top players of the game.

Coinbase:

Coinbase is the “go-to” place to trade coins if you live in the US. The Coinbase provides its clients with bitcoins at an estimated markup of 1% over the existing market price. It also gives you the option to sync your bitcoin wallets and bank accounts; which ultimately reduces the trouble factor in your future payment transfers.

Another unique option that Coinbase offers to its users is “auto-buy”. For example, if a user buys $100 in bitcoins at the start of each month, the company will him an option to set up an “auto-buy” for that amount.

Here you can learn more about how to buy bitcoin through Coinbase.

Bitstamp:

Bitstamp acts as an intermediary between users. This means that users can trade with each other but not the company itself. At BitStamp, the liquidity is higher and there is always a good chance to find a trading partner.

Local Bitcoins – An Alternative Way to Purchase Bitcoins:

If you are having troubles exchanging bitcoins online, Local Bitcoins is a good option to buy them offline. However, offline buying is not always considered to be safe. To be on the safe side at the time of a transaction, it is often suggested to have a meet up with the seller at a public place and let a friend/family member tag along for protection in case things turn ugly.

The Final Word:

There are numerous ways to take a dive into Bitcoin investment. Coinsbase, BitStamp, and Local Bitcoins are few to name. The most important thing to remember here is to do your homework and take your time before entering the sphere of bitcoin investment and you will be fine.

Find out what our experts have to stay about how to make a Bitcoin investment.

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Bitcoin in Business – What Role Bitcoin May Play in B2B Community

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What Role Bitcoin May Play in B2B Community

Since the introduction in 2009, Bitcoin has been on an incredible rise. The value is always going up, and so is the speculation about BTC’s future.

At the time of writing, Bitcoin had already gone past the $2500 mark – and the trend is still expected to continue. Incredible! Isn’t it?

Considering bitcoin’s popularity, it is clear as rain that this currency is surely going to play a huge role in the B2B (Business to Business) community in future. However, the question is; what role will it play and how will bitcoin affect the B2B community worldwide?

Anyone with the slightest of the knowledge of business community would know that the volume of B2B transactions is way too higher than the volume of P2P (Person to Person) transactions.

Moreover, bitcoin in business has all the potential and tech to replace traditional payment systems – wire transfer being the most common one. In terms of speed, wire transfer is quite slow. The transfer between two countries may take up to a week; which, in business terms, is a waste.

Another traditional payment method used in the business community is ACH (Automated Clearing House). The method is cheaper but slower than the wire transfer, so it needs replacing too.

On the other hand, the client, as well as the merchant prefer instant Bitcoin payments and is a perfect fit for it. The crypto can be used to send/receive payments within a short period of time which may range from one to a couple of hours.

After reading all that, one might wonder: “if Bitcoin is instant and convenient, what’s stopping it from breaking into the Bitcoin B2B community?” It’s the acceptability and lack of usage. Bitcoin payments can only work if both parties are willing to use it – and considering the risks associated with this currency, not many are ready to accept bitcoin as a payment method.

However, if the business community decides to go with bitcoin, here are some benefits that they can enjoy:

Speed:

Compared to conventional payment methods, Bitcoin is super-fast. The ability to complete international transactions within a few seconds/minutes can solve the speed issues.

Cost:

Low transaction cost is another advantage of Bitcoin. Where other methods cost up to 10-40 USD, transactions through Bitcoin only cost a few cents.

Ubiquity:

The majority of the adult population relies on services like Money Gram or the Western Union for money transfer. Services like these follow a set of rules and restrictions imposed by the government; which greatly affects one’s ability to do business.

However, Bitcoin can solve the issue as it is regulated by a third party to impose restrictions on users. It ultimately provides users with more freedom and makes the transfer process simple. Anyone with a regular PC and access to the internet connection can transfer the coins to whichever part of the world they want.

These are some of the pros that Bitcoin brings with it for the business community. However, all is not that simple. Bitcoin adoption in B2B community can also bring about some harms with it – security and price volatility being the most common ones in Bitcoin community.

Security:

One of the biggest issues with Bitcoin is that the security is the responsibility of the individual making payments. For example, if someone is sending a certain number of bitcoins to someone else, the first thing they will need to make sure is to send it to the right address. A slight mistake and the coins are gone forever.

Another issue is that your computer at which bitcoins are stored must not have any spyware and other suspicious programs installed on it. It compromises the security of the bitcoins.

Volatility:

Another issue with Bitcoin is high volatility. The value of Bitcoin changes in a matter of minutes. With such instability, it’s almost impossible for the business community to adopt Bitcoin payments.

Conclusion:

Although Bitcoin is the most popular form of cryptocurrency and allows instant transfers, there some issues with it – stopping it from a wider adoption. Once these issues are dealt with, there is no doubt that bitcoin will rule the business world.

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Bitcoin is sliding

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10 July 2017. Bitcoin is continually hitting new heights, now its standing at $2500 per coin.  The digital currency trades down 3.7% at $2510. And, is intimidating its lowest close since June 2017. Its contending, ethereum is also under pressure.

Bitcoin’s price is stuck between $2400 and $2500 since last Monday. This was the day when the head of the Goldman Sachs warned about the sliding price of the bitcoin as low as $1857 before rushing as high as $3915.

Back in early June, Mark Cuban declare Bitcoin as a “bubble”. He tweeted, “I think it’s in a bubble. I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble.”

Last week, Jeffrey Kleintop also suggested that “Bitcoin was in a bubble unlike any we had ever seen before.”

 

News and picture credit: business insider.com

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