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Author Topic: CoinPayments - Accepting Bitcoin & Altcoins, An Original Story  (Read 38 times)
JollyGood
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June 04, 2018, 07:59:56 PM
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Nowadays there are many options if people want to accept Bitcoin or altcoins as a methid of payment on their websites but once upon a time it was not that easy.

So Coinpayments.net is doing very well as a company today but it was two Bitcointalk users that created the original project and only sold it because they were on the verge of closing down and even made an announcement telling all clients to make alternative arrangements because of impending US regulations. That was when Alex Alexandrov the now CEO of Coinpayment made an offer to buy their project because he was based in Canada and had no need for crypto regulation there.

It seems he was there in the right place at the right time and the two founders and creators of Coinpayments sold up to Alexandrov. The smart idea probably would have been to 'relocate' the business themselves by registering a company or LLC elsewhere and trade as normal but they sold up. A little disappointed to read the 'team' and 'about' links on coinpayments.net and coinpaymentscoins.com with no mention of these two pioneers who were well ahead of their time.

pr0d1gy and MrData might not be as well known as laszlo from the great pizza event of 2010 but they have contributed a great amount through their vision of crypto payments. Maybe in future people will understand how pioneering their vision was.

The idea that readymade plugins for popular (and not so popular) shopping carts including Prestahop, Wordpress, Woocommerce, Xcart and Magento could be downloaded and immediately allow customers to pay at checkout using Bitcoin and other crypto was a huge step. Yes others were providing an almost identical service too but the ease and simplicity along with the number of supported coins by Coinpayments was unmatched. They were way ahead of their time.

Thank you gentlemen for paving the way for other crypto enthusiasts to follow...

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