Namecheap Announces that it Now Accepts Bitcoin
We here at Namecheap have always believed in a free and open internet. Bitcoin, which is considered by many to be the model of a 'free and open' currency, fits perfectly into that way of thinking.
Leading domain name registrar and web host today announces that they are the first major domain name registrar to accept decentralized P2P currency Bitcoin.
"We are proud to be the first major registrar to introduce Bitcoin into our line up of payment options," Richard Kirkendall, CEO of Namecheap said. "We here at Namecheap have always believed in a free and open internet. Bitcoin, which is considered by many to be the model of a 'free and open' currency, fits perfectly into that way of thinking."
Bitcoin is the world's most widely used alternative currency that is based on an open source peer to peer internet protocol. This move shows Namecheap's innovative approach and love of freedom, giving users many payment choices and supporting many online initiatives. Namecheap currently supports VISA, MasterCard, American Express, PayPal, and Google Checkout in addition to Bitcoin. Namecheap's online initiatives include many of its stances toward online freedom with the announcement of proposed SOPA and CISPA legislation. In the last thirteen months, Namecheap has raised over $100,000 for the Electronic Frontier Foundation to help EFF fight for online liberties.
For more information regarding Namecheap and Bitcoin, please visit http://namecheap.com/support/payment-options/bitcoin.aspx.
About Namecheap
Namecheap is a Los Angeles-based ICANN accredited domain registrar founded in 2000 by CEO Richard Kirkendall. With over 1,000,000 clients and millions of domain names under management, Namecheap is one of the top domain registrars in the world and also offers web hosting services.
Find out more about Namecheap by visiting us at http://www.namecheap.com/
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Namecheap, the domain registrar, has announced that it will now take bitcoin as a form of payment for its services. It also claims that it is the first major domain registrar to do so. This has come after a wave of popular demand for the cryptocurrency. Not only that, but also in response to popular demand, it will accept payment in bitcoin with "zero confirmations" (i.e. the transaction has not yet been verified in the global block chain) so as to provide an instant service to customers. It's a notable risk for Namecheap to accept zero-confirmation transactions. This means that they would....
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Bitcoin Tips @ Starbucks in Torrance #bitcoin pic.twitter.com/alGm59C58a. - Bit (@BitVenice) January 7, 2014. Here's an interesting tweet I stumbled upon. Seems that there's a Starbucks in Torrance, California that accepts Bitcoin tips. Whether or not the store accepts Bitcoin for the actual purchase is unknown, but it's unlikely since that would probably have to be approved by Starbucks' corporate headquarters. Regardless, it's pretty cool, and it's great to see more places accepting Bitcoin, especially such well-known places like Starbucks.