Bitcoin owes its popularity to Satoshi Nakamoto, a mysterious figure whose true identity is still unknown. In 2009, Bitcoin was first published. But it wasn’t until 2017 that the cryptocurrency tsunami hit. The market, the people, and the media were all insane. Bitcoin was the focus of all eyes, ears, and mouths. The use of a virtual private server (VPS) becomes necessary. Using an altcoin payment gateway, many hosting businesses have begun to accept Bitcoin and other cryptocurrencies. VPS Malaysia is in the same boat. But, first and foremost, what is Bitcoin and Bitcoin Hosting
What is Bitcoin?
Bitcoin is one of the many cryptocurrencies available. A cryptocurrency is defined by three characteristics: electronic currency, decentralised network, and transactional value.
Bitcoin, for example, is a powerful example of an electronic currency. Bitcoin works in the same way that you can transmit a fixed amount of money when you shop online.
The governance of a fiat currency and a cryptocurrency, on the other hand, is a significant distinction. When you make an online payment using a credit or debit card, the bank must verify the transaction. The bank is a governing body that supervises transactions. For its services, the bank charges you a fee of 1% to 3% of the total transaction amount.
There is no governing institution while making a payment with Bitcoin. Simply put, this is a transaction between you and the person to whom you’re making a payment. There is no bank. There isn’t any middle ground. The crypto market is largely influenced by decentralisation. Why should we pay the bank to secure electronic cash (which is exactly the future we are moving towards anyhow) in our own coin wallet? Right? It’s a point of contention.
Why CoinPayments?
You’ll find an easy payment solution with Bitcoin and Altcoins once you’ve decided to host with us. When you’ve invested a large percentage of your hard-earned money in cryptocurrencies, paying a VPS hosting business in fiat currency no longer makes sense. That is something we are aware of. Also, we are aware of your concerns. But why are CoinPayments being used?
We want to find a trustworthy partner because there are far too many exit scams in the crypto market. Since 2013, CoinPayment has been on the market. Their strong presence indicates that this business is handled by a group of specialists that wish to deliver a beneficial and trustworthy solution to the market’s end-users. The foundation of this collaboration is built on this resemblance with VPS Malaysia. Our first goal is always your safety.
Only a few of the many cryptos accepted by CoinPayments include Bitcoin, Litecoin, Ethereum, and Ripple. With over 1,310 currencies accepted, we are confident that your invested coins will appear on the list.
A payment gateway is a crucial tool, just as it is when doing online banking. It handles electronic cash transfers from one user to the next. PayPal, MOLPay, iPay88, and SenangPay are some of Malaysia’s most popular fiat payment channels. When it comes to the crypto realm, CoinPayments is an example of a tool. Every payment gateway levies a little fee for its services. When utilising CoinPayments to make a payment, users are charged a fee of 0.50 percent.
Why are we doing this?
Simple. Providing a flexible payment option is a vital first step toward realising our long-term goals. That goal is to become Malaysia’s premier hosting firm. It’ll be a long and convoluted road. However, your continued support inspires us to keep developing our services so that you can have the greatest hosting experience possible.
Feel free to check out our Casbay Global Website for more information about our payment methods. Please do not hesitate to contact us if you have any questions.
