Accepting Bitcoin Payments

Transcript

1. HOW TO ACCEPT HOW TO ACCEPT BITCOIN - MY WAY BITCOIN - MY WAY Rali Ralev @ WeiDex
2. ABOUT ME ABOUT ME
4. EXPERIENCE EXPERIENCE
5. EXPERIENCE EXPERIENCE Abilitics
6. EXPERIENCE EXPERIENCE Abilitics SAP
7. EXPERIENCE EXPERIENCE Abilitics SAP Funding Circle
8. EXPERIENCE EXPERIENCE Abilitics SAP Funding Circle WeiDex
12. AGENDA AGENDA
13. AGENDA AGENDA Why Bitcoin is just a hipsters' tool
14. AGENDA AGENDA Why Bitcoin is just a hipsters' tool Approaches to accept Bitcoin
15. AGENDA AGENDA Why Bitcoin is just a hipsters' tool Approaches to accept Bitcoin Common pitfalls
16. AGENDA AGENDA Why Bitcoin is just a hipsters' tool Approaches to accept Bitcoin Common pitfalls Recommendations
17. WHY BITCOIN IS JUST A WHY BITCOIN IS JUST A HIPSTERS' TOOL HIPSTERS' TOOL
18. WHY BITCOIN IS JUST A WHY BITCOIN IS JUST A HIPSTERS' TOOL HIPSTERS' TOOL Mostly used for speculation
19. WHY BITCOIN IS JUST A WHY BITCOIN IS JUST A HIPSTERS' TOOL HIPSTERS' TOOL Mostly used for speculation Most of the retailers have really bad rates
20. WHY BITCOIN IS JUST A WHY BITCOIN IS JUST A HIPSTERS' TOOL HIPSTERS' TOOL Mostly used for speculation Most of the retailers have really bad rates People take photos
21. WHY BITCOIN IS JUST A WHY BITCOIN IS JUST A HIPSTERS' TOOL HIPSTERS' TOOL Mostly used for speculation Most of the retailers have really bad rates People take photos Probably confirmation time
22. HOW TO ACCEPT BITCOIN HOW TO ACCEPT BITCOIN
23. THIRD-PARTY SERVICE THIRD-PARTY SERVICE
24. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate
25. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate Provides an easy way to convert BTC to your local currency
26. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate Provides an easy way to convert BTC to your local currency No confirmation time
27. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate Provides an easy way to convert BTC to your local currency No confirmation time You don't have to deal with wallets
28. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate Provides an easy way to convert BTC to your local currency No confirmation time You don't have to deal with wallets High fees
29. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate Provides an easy way to convert BTC to your local currency No confirmation time You don't have to deal with wallets High fees You can be tracked
30. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate Provides an easy way to convert BTC to your local currency No confirmation time You don't have to deal with wallets High fees You can be tracked No control over your funds
31. THIRD-PARTY SERVICE THIRD-PARTY SERVICE Relatively easy to integrate Provides an easy way to convert BTC to your local currency No confirmation time You don't have to deal with wallets High fees You can be tracked No control over your funds Gap limit
32. EXAMPLES EXAMPLES
33. EXAMPLES EXAMPLES Coinbase
34. EXAMPLES EXAMPLES Coinbase Bitpay
35. EXAMPLES EXAMPLES Coinbase Bitpay Crypto.com
36. EXAMPLES EXAMPLES Coinbase Bitpay Crypto.com Revolut?
37. IDEAL FOR IDEAL FOR
38. IDEAL FOR IDEAL FOR Small businesses - less than 20 customers per day
39. IDEAL FOR IDEAL FOR Small businesses - less than 20 customers per day Less technical teams
40. PRE-GENERATED ADDRESSES PRE-GENERATED ADDRESSES
41. PRE-GENERATED ADDRESSES PRE-GENERATED ADDRESSES Keep private key
42. PRE-GENERATED ADDRESSES PRE-GENERATED ADDRESSES Keep private key Keep public key
43. PRE-GENERATED ADDRESSES PRE-GENERATED ADDRESSES Keep private key Keep public key App should track the addresses
44. PRE-GENERATED ADDRESSES PRE-GENERATED ADDRESSES Keep private key Keep public key App should track the addresses Many hard decisions to make
45. PRE-GENERATED ADDRESSES PRE-GENERATED ADDRESSES Keep private key Keep public key App should track the addresses Many hard decisions to make Wallet becomes slower at some point
46. PRE-GENERATED ADDRESSES PRE-GENERATED ADDRESSES Keep private key Keep public key App should track the addresses Many hard decisions to make Wallet becomes slower at some point No signed payment requests
47. IDEAL FOR IDEAL FOR
48. IDEAL FOR IDEAL FOR Rapid prototyping
49. IDEAL FOR IDEAL FOR Rapid prototyping Exchanges
50. GENERATE ADDRESS ON DEMAND GENERATE ADDRESS ON DEMAND
51. GENERATE ADDRESS ON DEMAND GENERATE ADDRESS ON DEMAND Keep private key
52. GENERATE ADDRESS ON DEMAND GENERATE ADDRESS ON DEMAND Keep private key Public key on the server!
53. GENERATE ADDRESS ON DEMAND GENERATE ADDRESS ON DEMAND Keep private key Public key on the server! Many hard decisions to make
54. ELECTRUM DAEMON ELECTRUM DAEMON
55. ELECTRUM DAEMON ELECTRUM DAEMON Open source
56. ELECTRUM DAEMON ELECTRUM DAEMON Open source Mature
57. ELECTRUM DAEMON ELECTRUM DAEMON Open source Mature RPC API
58. ELECTRUM DAEMON ELECTRUM DAEMON Open source Mature RPC API Developer oriented documentation
59. CREATE WALLET CREATE WALLET electrum create
60. EXPORT MASTER PUBLIC KEY EXPORT MASTER PUBLIC KEY (XPUB) (XPUB) electrum getmpk -w .electrum/wallets/your-wallet
61. RSTORE WALLET FROM XPUB RSTORE WALLET FROM XPUB electrum restore xpub [your_xpub]
62. WALLET IS IN READ-ONLY MODE WALLET IS IN READ-ONLY MODE electrum daemon start electrum daemon load_wallet
63. MORE FEATURES MORE FEATURES
64. MORE FEATURES MORE FEATURES Ability to add your SSL certificate
65. MORE FEATURES MORE FEATURES Ability to add your SSL certificate Electrum-Merchant
66. MORE FEATURES MORE FEATURES Ability to add your SSL certificate Electrum-Merchant Web sockets support
67. CREATE A SIGNED PAYMENT CREATE A SIGNED PAYMENT REQUEST REQUEST electrum addrequest 3.14 -m "this is a test" { "URI": "bitcoin:1MP49h5fbfLXiFpomsXeqJHGHUfNf3mCo4?amo "address": "1MP49h5fbfLXiFpomsXeqJHGHUfNf3mCo4", "amount": 314000000, "amount (BTC)": "3.14", "exp": 3600, "id": "7c2888541a", "index_url": "https://example.com/payment/index.html?i "memo": "this is a test", "request_url": "https://example.com/payment/7c2888541a "status": "Pending", "time": 1450175741 }
69. RPC CALL RPC CALL curl --data-binary '{"id":"curltext","method":"listaddresses",
70. RECOMMENDATIONS RECOMMENDATIONS
71. RECOMMENDATIONS RECOMMENDATIONS Bitcoin Core
72. RECOMMENDATIONS RECOMMENDATIONS Bitcoin Core Electrum daemon
73. RECOMMENDATIONS RECOMMENDATIONS Bitcoin Core Electrum daemon Mastering Bitcoin
74. THANK YOU! THANK YOU! Telegram: @rralev