"Bit.Store integrates mainstream BRC20 assets including ORDI, SATS, and RATS into its encrypted card payment system, using its encrypted bank card as a medium to enhance the liquidity and consumption of BTC ecosystem tokens."
The Bitcoin network was designed from the beginning as a decentralized, peer-to-peer cash system, aiming to disrupt traditional financial systems and create a new ideological financial system. In fact, this distributed financial network composed of blockchain and cryptocurrencies has great potential in the payment field. It has better security, higher settlement efficiency, is not limited by national geography or time, and has no transaction refund fraud risk, especially in cross-border payments, it has unique advantages.
However, on the other hand, encrypted payments are difficult to popularize in daily consumption. Any on-chain payment requires payment of Gas, and the level of Gas fees depends on the on-chain situation. During peak periods, including many on-chain networks such as Bitcoin, Gas fees may be as high as several dollars, and network confirmations are slow. At the same time, cryptocurrencies themselves are highly volatile assets, and merchants need to be able to convert and settle in real-time with fiat currencies to ensure more stable value.
Bit.Store is now folding a series of encrypted payment cards to address the series of problems faced by encrypted payments, providing a seamless encrypted cryptocurrency payment experience through encrypted cards, aiming to further promote the popularization of encrypted payments in daily consumption. Most importantly, the encrypted virtual cards launched by Bit.Store do not require KYC and support registration through email and the Binance mini-program, providing an opportunity for billions of people worldwide who cannot access traditional financial services to enjoy financial convenience in the new era.
Bit.Store: Promoting the widespread adoption of cryptocurrencies in the payment field
Bit.Store is an encrypted payment card infrastructure solution backed by a mature encrypted payment solution that can provide long-term support for various encrypted payment scenarios. Recently, Bit.Store launched encrypted payment cards, including virtual cards (denominated in US dollars) and physical cards (denominated in euros). These cards are supported by Mastercard or Visa and can be used for seamless payments on millions of platforms and merchants that accept Mastercard or Visa through Bit.Store cards.
In online payment scenarios, integration with payment channels such as Apple Pay and Paypal means that theoretically, any scene that supports Apple Pay and Paypal payments can also be based on Bit.Store cards for cryptocurrency payments. For example, paying for subscriptions on OpenAI or Netflix, shopping on Amazon or eBay, booking luxury hotels, or even buying a cup of coffee on the way to work through encrypted payments, and so on.
Based on the new encrypted payment card solution provided by Bit.Store, users can easily access their Bit.Store accounts on computers, smartphones, or tablets, and ensure that the cards can be quickly and easily prepared for use through a user-friendly interface. It also provides users with a seamless and instant way to convert their cryptocurrencies into spendable fiat assets such as US dollars.
The physical cards provided by Bit.Store are strengthened with 2FA to ensure the security of each transaction. It also obtains support from Mastercard and Visa through partnerships with regulated banks and strictly complies with PCI DSS standards. The encrypted payment channel established by Bit.Store will have broader compliance and security.
Another advantage of Bit.Store cards is that the virtual cards they offer do not require KYC. Users only need to register the card through email or other features and use it in various payment scenarios, with zero application fees. This means that the virtual card can be open to users worldwide, which is an advantage that other encrypted payment cards currently do not have.
We can see that although Internet finance is highly popular worldwide at this stage, it is still difficult to reach economically underdeveloped areas. Currently, billions of people worldwide are unable to enjoy the convenience brought by finance. The virtual cards provided by Bit.Store are becoming a new opportunity for users in these areas to enjoy financial convenience. At the same time, users can earn rewards every time they make a payment with the virtual card, adding more value to each transaction, which will also attract more users to join.
Bit.Store is integrating encrypted payments into various consumer scenarios and promoting the popularization and adoption of encrypted payments globally.
Integrating mainstream BRC20 tokens to empower the development of the inscription track
The explosion of the inscription track has not only brought a new asset solution to non-Turing complete ecosystems including Bitcoin but also further promoted the encrypted market to emerge from the shadow of the previous bear market. This new type of asset launched in a "Fair Launch" manner is making it fairer for all retail investors to participate. However, we also see that after ORDI assets were listed on Binance and SATS contract products were launched, the heat of the inscription market is dissipating.
Although the issuance scheme of inscription assets does have some innovation, this special type of asset is difficult to actively capture liquidity in the market, and whether inscription assets have practicality is also questioned by the encrypted market. Bit.Store is empowering the inscription track in a new way to promote the large-scale adoption of this new type of encrypted asset and promote its liquidity.
Bit.Store is providing extensive support for different forms of encrypted assets. In addition to initially supporting mainstream cryptocurrencies such as Bitcoin and Ethereum, it has also integrated some mainstream BRC20 inscription assets including ORDI, SATS, and RATS through a new technical solution.
Currently, with Bit.Store cards as carriers, inscription assets including ORDI, SATS, and RATS can further have practical value through this method and become popular assets for daily consumption payments. On the other hand, Bit.Store is also expanding the channels for investors to invest in inscription assets. It helps inscription assets establish a link with fiat currencies and also promotes more traditional consumers and investors to have broader access to inscription assets. Through this new empowering method, inscription assets have further gained the ability to actively capture value. In the future, the Bit.Store payment ecosystem is expected to further integrate more types of high-quality inscription assets, enhancing the liquidity and consumption of BTC ecosystem tokens.
The integration of inscription assets by Bit.Store into its payment system further gives them practicality in the traditional world, marking a new milestone in the development of the inscription track. This also reflects the inclusiveness of the Bit.Store payment system, which is becoming a new promoter of diverse encrypted culture.
The acceptance of cryptocurrencies is increasing day by day. With the inclusion of Bitcoin as legal tender in developing countries such as El Salvador and the Central African Republic, the introduction of cryptocurrency policies around the world, traditional business giants accepting and becoming cryptocurrency investors, and the recent approval of Bitcoin ETF by the US SEC, this field is constantly reaching new milestones. After just a few years of development, the narrative logic of cryptocurrencies is no longer simply a chain of on-chain code. It is becoming a new global asset, which will further accelerate the comprehensive development of the encrypted payment industry and become a new trend.
By creating a forward-looking and advanced encrypted payment infrastructure, Bit.Store has the ability to provide low-threshold, seamless encrypted payment services, and is expected to promote more roles to become encrypted payment users. With a more inclusive and extensive layout, backed by a trillion-dollar potential market, Bit.Store will continue to highlight its value in the new era.