BIT-BOOBS?

Did you know you can pay for your next procedure at Eres using Bitcoin (bits)?

What is Bitcoin?

Bitcoin is a digital currency used worldwide. The first of its kind, it is best described as an open source, peer-to-peer digital payment network, with no intermediaries such as government authorities or banks to regulate it. Not owned by anyone or controlled by any individual or entity, much in the way it is impossible to own certain kind of technologies. Every single user controls Bitcoin.

For the end user, Bitcoin is nothing more than a mobile payment app, used for everyday transactions called a Bitcoin wallet. Similar to paying with a credit card and infinitely more secure, there are no numbers or other personal identifiers to be exchanged or sent in order to complete a payment. Bitcoin allows users the freedom to pay anyone anywhere in the world, with no processing times, fees, or limitations on the amount of bits per transaction. Some Bitcoin wallets, such as bitpay offer a bitpay card, which is accepted anywhere where Visa is accepted and works like a credit card, without the fees.

Paying securely with Bitcoin

Patients from out of town should consider paying with Bitcoin in order to avoid delays due to banks, difference in time zones, and limitations set forth by other kinds of transactions. Some apps such as bitpay allow you to convert your money to bits within the wallet application. Bitcoin wallets have to be secured, and as with all online transactions involving money, security breaches are possible, and Bitcoin advises to seek a bitcoin wallet which uses two-factor authentication. Bitcoin users are further advised to keep small amounts of bits available for use in the bitcoin wallet, similar to cash, keep only what you need in the wallet and rest safely in your account.

The majority of your bitcoin should be stored in an offline wallet and treated like a savings account. Also known as “cold storage” this is the most secure place for your bits as cold storage is hidden from all networks and safe from computer vulnerabilities. Encrypting your offline wallet offers an additional layer of protection. Once you are ready to use bitcoin to pay for goods or services, move the amount you intend to use to your wallet in preparation to complete the transaction within minutes.

The bitcoin market is volatile and pricing can change unpredictably, most recently rising to over $1000 USD per bit, and recently settling at a little over $800 USD per bit following changed in the regulation of bitcoin margin trading policies in china.

Bitcoin has been growing as an internationally accepted currency with more and more merchants worldwide taking steps to accept the crypto-currency in everyday transaction, and Eres Plastic Surgery is proud to join fellow businesses in the United States who proudly accept bitcoin as a valid form of payment. Whether you are considering a simple nip to a full blown tuck, schedule your next treatment or procedure and pay securely via your bitcoin wallet!