🚀Bitcoin Hits Record Highs: A Golden Opportunity for Bitcoin Commerce
All time highs in bitcoin make for a great time to boost your bitcoin business.
Riding the price wave, promotion opportunities, and important advances in the tech that powers it all in this edition of the Roundup!
Bitcoin’s current record highs present a golden opportunity for merchants
Yes - there is a business case for NOSTR and it’s becoming ever more apparent
Bitcoin Magazine is launching a Black Friday promotion to boost bitcoin businesses
BTCPay Server 2.0 launches and expands support for BigCommerce, Wix and Odoo
Interested in Taproot Assets? Check out Lightning Labs new video showing how to set up price oracles.
Looking for a laugh? Check out our Bitcoin meme of the week at the back of the Roundup! 😁
Find it all here, and thanks from the Velas Team!
Bitcoin all time highs present a golden opportunity for merchants
There is no doubt that all-time highs in the price of bitcoin also equal a surge in interest in all things bitcoin.
The good news is that merchants and bitcoin businesses can ride this wave with a clever mix of:
Accepting bitcoin payments
Promoting that your business accepts bitcoin
This handy guide by Speed Wallet does a great job of laying it all out, including some great analysis on where the price surge is coming from and why merchants can benefit from the improvement in payment technology that bitcoin represents.
Some of those benefits include: instant settlement, attracting new customers, reducing transaction fees and of course, the ability to earn and save bitcoin directly from your customers.
There is even a how-to guide to give ideas on how to get started. Check it out here:
https://www.tryspeed.com/blog/bitcoin-new-high-golden-opportunity-for-merchants/
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The growing business case for using NOSTR
If your business has a social media presence, it’s time to consider NOSTR. NOSTR is a simple protocol that is designed to make communications decentralized and censorship resistant. Its first and most popular use-case has been as a replacement technology for social media platforms like Twitter.
However with NOSTR comes an important difference to traditional platforms: your business owns its profile, content, and social graph—offering a more resilient and future-proof investment compared to traditional platforms.
If your business has a presence on social media, you will understand the time and investment that it takes - and the huge potential benefit that comes from owning your own content.
Take the most recent exodus from Twitter as an example. Every business that leaves Twitter for whatever reason to focus on a new platform is essentially forced to start from scratch.
But imagine if your followers, follows, business connections and social graph all just traveled with you to whatever new platform your business lands on.
In our opinion, this makes total business sense, and we recommend looking into NOSTR as a way to protect your marketing investment.
If you’re curious to find out more, here’s a handy guide:
https://nostr.how/en/get-started
Already on NOSTR? We’d appreciate a follow! primal.net/p/npub175c6seet4gjptvn3apndhcglkzrypakquhvclyvt6qcguutfkkms3r7vwt
Calling all bitcoin brands
Bitcoin Magazine is running a Bitcoin Black Friday promotion to support bitcoin businesses! If this is you, it could be worth checking out.
Featured businesses will get a spot on their Black Friday storefront. Check it out here and good luck 🤞
https://x.com/BitcoinMagazine/status/1859010673189286043
https://tyler162.typeform.com/to/ZneLYXdX
BTCPay Server V2 has some really cool upgrades that are perfectly timed with the current surge in bitcoin interest.
They have expanded support to both Odoo, Wix and BigCommerce platforms. This means easy bitcoin and lightning network payments for E-commerce sites using:
WooCommerce
Shopify
BigCommerce
Odoo
Wix
That’s a huge swath of the e-commerce industry that is now able to easily accept bitcoin payments!
If you run an e-commerce site and haven’t integrated bitcoin payments yet, now could be a great time to consider it.
Looking for advice on setting this up? Talk to us and we can get bitcoin and lightning payments into your site in no time flat.
Check out all the updates here:
https://blog.btcpayserver.org/btcpay-server-2-0/
Interested in building with Taproot Assets? Want to know how a Lightning routing node becomes an Edge Node? This extensive video walks you through the process of turning a litd Taproot Assets Lightning node into an Edge Node. We cover node configuration, price oracle logic, the Request For Quote (RFQ) rate calculations, connecting to an oracle, and more!
And our Bitcoin Commerce meme of the week.............🥁🥁🥁🥁🥁🥁
👷Top Builder 2024 Announced!
TopBuilder is an intense competition designed to discover the next wave of innovators in the Bitcoin ecosystem. Apply before Dec. 31st to participate in this Bitcoin only competition.
Did we mention: 15k in BTC prize? Apply here.
💻 2140.dev launches at Bitcoin Amsterdam
2140.dev launches a non-profit dedicated to supporting open-source Bitcoin research and development. Check it out here: 2140.dev
⚡Africa Free Routing offers a Nairobi bootcamp
It’s a four day deep dive into Bitcoin Lightning development scheduled for December 2024. Scholarships are available now here: https://freerouting.africa/bitcoin-lightning-dev-bootcamp/