{"id":388,"date":"2012-07-01T18:21:35","date_gmt":"2012-07-01T18:21:35","guid":{"rendered":"https:\/\/www.privateinternetaccess.com\/blog\/?p=388"},"modified":"2021-08-06T06:51:24","modified_gmt":"2021-08-06T13:51:24","slug":"cashu-liberty-reserve-and-okpay-step-aside-for-vpn-sales-bitcoin-rules","status":"publish","type":"post","link":"https:\/\/www.privateinternetaccess.com\/blog\/cashu-liberty-reserve-and-okpay-step-aside-for-vpn-sales-bitcoin-rules\/","title":{"rendered":"CashU, Liberty Reserve, and OKPay Step Aside – For #VPN Sales, #Bitcoin Rules"},"content":{"rendered":"

\"Bitcoin<\/a>
Bitcoin and VPN. A match made in crypto.<\/figcaption><\/figure>\n<\/p>

It was once thought that the Internet\u2019s most talked about deflationary crypto-currency would give way to massive hoarding and discourage spending, thus leading to a stale economy and a failure thereof. \u00a0The media had, at once, made an attempt to portray Bitcoin in a negative light, like a failure or dropout. \u00a0However, looking at Gates and Zuckerberg, when it comes to new technologies, it seems that dropouts are king \u2014 and Bitcoin is no exception.<\/p>\n

\u2022 \u2022 \u2022<\/p>\n

Change We Do Believe In<\/strong>
\nWe have been watching our Bitcoin transaction count for VPN<\/a> purchases rise rapidly over the past two (2) quarters. \u00a0One cannot argue the value Bitcoin brings to VPN related purchases. \u00a0Combining strong identity protection and a fair amount of anonymity helps to further boost the privacy that VPN services provide.<\/p>\n

Every month, we have observed a steady 200% increase in Bitcoin VPN sales from the previous month.<\/p>

\n

\"Bitcoin<\/a>
Bitcoin Sales Q1 + Q2 2012<\/figcaption><\/figure>\n<\/p>

What About the Others?<\/strong>
\nOn the other hand, \u00a0we haven\u2019t seen much change amongst our other payment processors. \u00a0CashU, Liberty Reserve, and OKPay have all maintained the same or less number of sales throughout the entirety of the two (2) quarters.<\/p>\n

According to Tony Gallippi, CEO of BitPay, the world\u2019s best Bitcoin payment processor, \u201cof all the payment methods on the Private Internet Access\u2122 website, BitPay is unique. \u00a0Using our service, a merchant can accept a payment over the internet, from any country on the planet, with zero risk of fraud. \u00a0No other payment processor can offer this capability.\u201d<\/p>\n

Accepting Bitcoin through BitPay is beneficial for a couple of reasons. \u00a0It mitigates the currency exchange risk by automatically converting the Bitcoin into USD as well as automatically depositing the USD into our bank account. Secondly, it prevents us from becoming a target for hackers, as the Bitcoin never touches our servers. BitPay does 100% of the Bitcoin handling.<\/p>\n

Many Positives<\/strong>
\nYCombinator also believes that Bitcoin, as an actual solution to payments, has merit. \u00a0With the combination of YC\u2019s endorsement, the 2012 rise in Bitcoin price, the rise in Bitcoin transactions, as well as many other great investors entering the Bitcoin space, it\u2019s quite evident that Bitcoin has accumulated serious momentum across the board.<\/p>\n

The Take Away<\/strong>
\nBitcoin may not yet be for everyone, but for anyone who uses a computer and takes their privacy seriously, it\u2019s indispensable. \u00a0Give it a shot. \u00a0Buy bitcoins<\/a> anonymously and spend your coins online as easily as cash, no black plastic bag required.
\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

It was once thought that the Internet\u2019s most talked about deflationary crypto-currency would give way to massive hoarding and discourage spending, thus leading to a stale economy and a failure thereof. \u00a0The media had, at once, made an attempt to portray Bitcoin in a negative light, like a failure or dropout. \u00a0However, looking at Gates … Continue reading “CashU, Liberty Reserve, and OKPay Step Aside – For #VPN Sales, #Bitcoin Rules”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","footnotes":""},"categories":[15,1,1937],"tags":[],"class_list":["post-388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","category-news","category-vpn"],"yoast_head":"\nCashU, Liberty Reserve, and OKPay Step Aside - For #VPN Sales, #Bitcoin Rules<\/title>\n<meta name=\"description\" content=\"It was once thought that the Internet\u2019s most talked about deflationary crypto-currency would give way to massive hoarding and discourage spending, thus\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.privateinternetaccess.com\/blog\/cashu-liberty-reserve-and-okpay-step-aside-for-vpn-sales-bitcoin-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CashU, Liberty Reserve, and OKPay Step Aside - 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