You can now pay for your order using Crypto Currency
From April 29th 2021, you can now pay for your Purple Panda order using your crypto wallet and/or by using your Coinbase Account.
This means that customers wanting to spend their Crypto Currency, now have access to over 50,000 products which can be delievered on a next day basis across the entire island of Ireland.
Purple Panda currently allows customers to pay for their order using Visa, Mastercard, American Express, PayPal, Direct Debit and bank transfer and with the introduction of Crypto Currency we believe we are giving our customer base more options.
What is Crypto Currency
A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems
How secure is Crypto Currency
The validity of each cryptocurrency's coins is provided by a blockchain. A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data.By design, blockchains are inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain.
Who are Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Their mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.
How do I select Crypto Currency as a payment option
Once you choose to "Checkout" you will be given the below options, just select the Coinbase option and select "Place Order"
From here you will be safely redirected to Coinbase
At this screen you can choose your Cryptocurrency or pay with Coinbase
