Have We Joined The Matrix? We Now Accept Payment By Bitcoin!
"Mister Anderson, do you have any idea what Bitcoin is?
It's a decentralised digital currency. A currency without a central bank or single administrator but a peer to peer digital network. A currency where transactions are verified through cryptography and recorded in a distributed ledger... a blockchain."
No, they aren't lines from The Wachowski Brothers seminal 1999 sci-fi classic The Matrix, but they could be.
For many of us, the concept of 'money' that was devised under a pseudonym by person(s) unknown and that is unrecognised by any nation's central bank and government is alien. But, since it's emergence in 2009, Bitcoin has become a more widely held currency and some major companies have begun to accept it as a form of payment, including Microsoft, Virgin Galactic and Overstock. In some countries you can even buy your lunch with it at KFC, Burger King or Subway!
On the flip-side, it is highly volatile. In June 2021, a single Bitcoin cost anywhere between $29,031 and $34,790. A huge variation.
There are also concerns about the power consumed during creation of a Bitcoin and companies such as Tesla are conducting due diligence with a view to 50% of the power being from renewable sources.
But, many are comfortable holding their hard-earned in the form of Bitcoins or other digital currencies such as Dogecoin, Ethereum, Dai and Litecoin. So, we have developed our website and processes to accept them as payment. Just checkout and select Coinbase Commerce when you are on the Payment page.
We will continue to plant trees for all orders - and as further offset, will double the number planted for any orders completed in a cryptocurrency.
For the rest of us, our ability to accept payment using more traditional methods, is unaffected! :-)
Talking of The Matrix, a new instalment, The Matrix 4 is in development, co-written by Lana Wachowski and with Keanu Reeves and Carrie-Anne Moss reprising their roles from the original trilogy. The release date is currently scheduled for 22nd December 2021 - now that is exciting!
Adam and the Art of the Movies team.