Re:Namecheap And Bitcoin – A Review
by CryptoJunky on Monday May 13, 2013 @06:16PM
(#5701780)
My guess would be that BitPay requires the 6 confirmations, not NameCheap in particular. If they wanted to accept zero confirmation transactions then they'd likely need to implement their own Bitcoin wallet and associated checkout service.
The appeal of a service like Bitpay of course is that it converts that Bitcoin into fiat currencies, such as the USD, without the vendor having to deal with it. I agree that a zero or single confirmation system could be implemented by a vendor such as NameCheap. However, it would be more costly and time consuming than their current use of Bitpay.
The appeal of a service like Bitpay of course is that it converts that Bitcoin into fiat currencies, such as the USD, without the vendor having to deal with it. I agree that a zero or single confirmation system could be implemented by a vendor such as NameCheap. However, it would be more costly and time consuming than their current use of Bitpay.