Berlin, February 2, 2016 – CryptoWoo is a decentralized payment plugin for WooCommerce that gives merchants full control over the checkout process, customer data and their private keys. It enables merchants to seamlessly accept Bitcoin, Litecoin and Dogecoin at their WordPress based webshop.
With decentralization and consumer privacy at the heart of its business model, CryptoWoo makes itself stand apart from the rest of the platforms in the industry.
The main plugin uses the Block.io API and wallet service. Communication between the plugin and the API is secured via 4,072 bit SSL keys. All data stored at Block.io is encrypted and with multi-signature wallets built on top of hierarchical deterministic wallets (HD wallets). This makes it impossible to move coins without the merchant’s signature. The HD Wallet Add-on for CryptoWoo reduces external influence even further. It allows the sales revenue to go directly into a cold storage wallet without any involvement of third parties.
“We provide merchants with a seamless and secure solution that offers more flexibility and better protection of funds and privacy than any of the other solutions that are currently available.”
Over the last 12 months the CryptoWoo plugin has been tested by several online stores such as Keys4Coins.com and has generated a great deal of positive feed-back from both merchants and their consumers.
Until now accepting payments in multiple digital currencies either required the merchant to handle large data storage to store the different block-chains or to use a payment provider that manages the processing for them. The downside of using a payment processor is that the merchant has to trust these providers with sales revenues and customer data. In most cases customers are also redirected to the website of the respective provider, thus making the shopping experience prone to failure and increasing the risk of abandoned orders. This centralized […]
