Crypto market fluctuations have deterred many merchants and users from getting involved with digital assets, such as Bitcoin, fearing they might lose a lot of profit when converting back to fiat. But Sendbit.io has developed a solution to this problem, delivering a Blockchain Wallet powered by Lighting Network speed that protects customers from crypto market volatility.
First developed in 2014, the Sendbit.io platform is a crypto payment solution provider that started operating earlier this year. Sendbit created its in-house code in order to avoid relying on any 3rd party source code, thus limiting the possibility of security issues and system inefficacy.
This fully independent company is based in the UK, having a team comprising 20 staff members worldwide.
The platform provides free Bitcoin payment solutions for online merchants, as well as regular crypto exchange and wallet services for standard users.
The company physical address is the office in the UK at the 4th Floor Colmore Gate 2-6 Colmore Row Birmingham B3 2QD.
Is Sendbit Licensed?
Sendbit UK Ltd is a licensed company that is regulated by the Estonian jurisdiction. This financial license enables the company to legally operate with crypto and fiat transactions and provide storage solutions.
Sendbit.io can also be used as an exchange service, allowing users to convert their crypto coins into other digital assets and use fiat to buy or sell cryptocurrency. Bitcoin, Bitcoin Cash, Litecoin, and Dash are the cryptocurrencies listed on the platform.
Customers of the platform can receive a prepaid card that can be funded with crypto, and upon payment, it instantly converts the funds into USD.
Sendbit has developed E-wallets for its business and regular users, offering a secure storage option for both crypto and USD.
The first wallet is aimed for standard users, and it is non-custodial, and the second type of wallet is for business owners.
Business Crypto Solutions
The business wallets feature Bitcoin Lightning speed, with the Lightning Network protocol quickening the transaction process of Bitcoin. This enables the merchants to get their Bitcoins fast and thus protecting them from losing any money if the Bitcoin price fluctuates.
The deposited Bitcoin is then instantly converted into USD and credited to their business account with a static value. The service is basically a faster and more convenient BitPay alternative.
Business Dashboard For Static USD Merchants
Standard Dashboard Non USD
Is Sendbit Secure?
Sendbit stores all sensitive user data on servers, which are offline, effectively deterring any external threats from getting to them. As the wallets are non-custodial, none of the private keys that give access to the funds are stored or can be viewed by the company. Only the account user is able to access the private keys. Using AES-256 encryption, the keys and transaction data are secured and stored on the user’ s device. Users can also enable 2-factor authentication to further control access to their accounts.
Past user transactions cannot be traced back to the blockchain, as the platform creates a new address each time the user gets a crypto deposit.
Sendbit.io has a transparent fee structure, as they charge a flat fee of 1%, which is called the network fee. There is also the possibility of setting the miner’s fee to your own convenience. This way, Sendbit lets you save money by not wasting them on high miner’s fees.
Online business owners can integrate a variety of tools on their websites to allow visitors to easily buy their products with cryptos, such as Shopping Cart Buttons, Shopping Cart Plugins, and standard buttons.
More Shopping Cart Plugins will be coming soon to Sendbit: WooCommerce, WordPress, Drupal, Magento, Opencart, Prestashop, OSCOMMERCE, Shopify, WHMCS, Ubercart, Xcart, and Zencart.
Regular users are able to use the standard buttons to insert a ”Buy Now “ button for any particular product.
There are several other tools that can be integrated on merchant sites:
• API & IPNs;
• Invoice Builder;
• Point of Sale (POS) Interface;
• Donation Buttons.
Sendbit.io is a secure and reliable platform that provides crypto payment tools for merchants, as well as exchange and wallet services for regular users at fast speeds and low fees.
Social media details:
• Linkedin personal account: https://www.linkedin.com/in/sendbit-uk-30502b1ab/
• Linkedin business page: https://www.linkedin.com/company/sendbit/
• Twitter: https://twitter.com/sendbit
• Facebook: https://www.facebook.com/Sendbit-106467231083302
• Instagram: https://www.instagram.com/sendbit.io/