Are you a WordPress website owner who has decided to accept Bitcoin as a payment method for your e-commerce store? Do you want to display the price of your products in Bitcoins or Satoshis? If so, this article will guide you through the process of integrating bitcoin and satoshis as a payment option for your website.
Step 1: Install a bitcoin payment gateway plugin
The first step in integrating bitcoin and satoshis as a payment option for your Woocommerce store is to install a bitcoin payment gateway plugin. There are many bitcoin payment gateway plugins available for WordPress, such as BitPay, Coinbase and GoUrl.
Once you have installed the plugin, you will need to configure the settings. The configuration process varies depending on the payment gateway plugin you choose. However, most plugins require you to create an account with the payment gateway, where you will be given an API key and a secret key that you will need to enter in the plugin settings.
Step 2: Convert product prices to bitcoin or satoshis
Once you have installed the Bitcoin Payment Gateway plugin and configured its settings, you will need to convert the prices of your products into Bitcoins or Satoshis. You can use a bitcoin price converter tool to convert your product prices to bitcoin or satoshis.
Alternatively, you can use a custom function to convert the product prices in your WooCommerce store. To do this, you need to add a PHP function to your functions.php file. Here’s an example of a function that converts product prices to bitcoin:
function convert_price_to_btc($price)
This function uses the Coindesk API to get the current bitcoin price in USD, then divides the product price by the bitcoin price to get the price in bitcoin.
Step 3: Display product prices in Bitcoins or Satoshis
Once you have converted the product prices into Bitcoins or Satoshis you will need to display them on your website. There are several ways to do this, but one of the easiest is to use a shortcode.
To display the product price in Bitcoin, you can use the following shortcode
bitcoinprice price=”PRODUCT_PRICE”
Replace “PRODUCT_PRICE” with the actual price of your product. This shortcode will display the price of the product in Bitcoin.
To display the product price in Satoshis, you can use the following shortcode
satoshiprice price=”PRODUCT_PRICE”
Replace “PRODUCT_PRICE” with the actual price of your product. This shortcode will display the price of the product in Satoshis.
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In conclusion, integrating bitcoin and satoshis as a payment option for your WooCommerce store is a great way to expand your customer base and attract more customers who prefer to use cryptocurrencies as a means of payment. By following the simple steps outlined in this article, you can easily display your product prices in Bitcoin or Satoshis and start accepting cryptocurrency payments on your website.
FAQs
Q: What is the first step in integrating Bitcoin and Satoshis as a payment option for my Woocommerce store?
A: The first step is to install a Bitcoin payment gateway plugin, such as BitPay, Coinbase, or GoUrl.
Q: How do I configure the settings for the Bitcoin payment gateway plugin?
A: You will need to create an account with the payment gateway, where you will be given an API key and a secret key that you will need to enter in the plugin settings.
Q: How do I convert the prices of my products to Bitcoin or Satoshis?
A: You can use a Bitcoin price converter tool or use a custom PHP function to convert the product prices in your WooCommerce store.
Q: Can you provide an example of a PHP function that converts product prices to Bitcoin?
A: Sure, here’s an example of a function that converts product prices to Bitcoin:
function convert_price_to_btc($price){
$btc_price = file_get_contents('https://api.coindesk.com/v1/bpi/currentprice.json');
$btc_price = json_decode($btc_price, true);
$rate = $btc_price'bpi''USD''rate_float';
$converted_price = $price / $rate;
return $converted_price;
}
Q: How do I display the product prices in Bitcoin or Satoshis?
A: You can use a shortcode to display the product prices in Bitcoin or Satoshis. For Bitcoin, you can use the shortcode bitcoinprice price=”PRODUCT_PRICE”, and for Satoshis, you can use the shortcode satoshiprice price=”PRODUCT_PRICE”. Replace “PRODUCT_PRICE” with the actual price of your product.
Q: What are the benefits of accepting Bitcoin and Satoshis as a means of payment?
A: Accepting Bitcoin and Satoshis as a means of payment can expand your customer base and attract more customers who prefer to use cryptocurrencies as a means of payment. It can also provide a secure and fast payment option for customers.
Q: Are there any risks associated with accepting Bitcoin and Satoshis as a means of payment?
A: There are some risks associated with accepting Bitcoin and Satoshis as a means of payment, such as volatility in the cryptocurrency market and the potential for fraud. However, there are measures you can take to minimize these risks, such as setting price conversions and using secure payment gateways.