Web hosting provider Certified Hosting today announced they’ll now accept Bitcoins as payments to give customers more payment flexibility, privacy and higher security.
Although we are very confident that the security practices of the payment card and banking industries are effective, supporting bitcoin payments gives customers another way to keep their data private.– Kacy Carlsen, CEO, Certified Hosting.
“Accepting Bitcoin payments is very exciting for us,” says Kacy Carlsen, co-founder and CEO of Certified Hosting. “The way that people make payments is changing, and Bitcoin presents a secure method for transferring money directly to its intended destination. We have already seen demand for the ability to pay for web hosting services with bitcoins, and we are pleased to make that possible for our customers.”
In 2009, Bitcoin was launched as a digital currency, creating a way to send and receive money without a central bank. By removing the institutions at the center of banking and finance, Bitcoin effectively eliminates the large fees levied by these organizations on transfers.
The appeal of Bitcoin has led to significant growth in this fledgling economy, with the monetary base of Bitcoin valued at more than $600 million and more companies offering Bitcoin payment options. Certified Hosting is one of the few web hosting providers to support Bitcoin payments, allowing those customers that use bitcoins to pay for their services securely, directly from their wallets.
“It is very important that vendors and service providers keep up with what their customers want,” says Carlsen. “Simply, we saw many of our existing customers and new leads were using bitcoins and felt it was our obligation to enable them to use this payment method with us. Bitcoin is a growing, unstable currency, but for those customers who want to eliminate central banks and improve payment privacy, it is a popular choice.”
In a conventional banking system, accounts are always linked to individuals. When customers make a purchase from a store, that store may be given confidential payment details and personal identification information such as a name and address. Bitcoin addresses these privacy issues by eliminating the account system. Whenever bitcoins are transferred, they are sent to a specific Bitcoin address that is identified by a string of characters. No personal information is linked to this address. In addition, one user may have multiple accounts, making it almost impossible to find out the total worth of an individual.
“Data is our business, and we know better than most how data can be exploited,” says Carlsen. “We proactively encourage our customers to take their privacy and security seriously online, but the process of making a payment is by definition a security risk. Although we are very confident that the security practices of the payment card and banking industries are effective, supporting bitcoin payments gives customers another way to keep their data private.” For more information, please visit certifiedhosting.com.
Very recently, Namecheap also started accepting Bitcoins as a payment option.
