Coinbit for Developers
Coinbit can be used for a variety of reasons, either special or common.
The simplest payment system ever
Accepting money using Coinbit is as simple as sending a coinbit: link or displaying a QR code. These simple instructions are intuitively clear to any user and can fulfill clients’ needs. When done publicly, it is especially suitable for transparent donations and tips.
Third party APIs allowed
Many third party payment processing services that provide APIs for Coinbit so that you wouldn't need to keep coinbits at your server and handle the appropriate security. Moreover, most of these APIs allow you to exchange your coinbits into your local currency at competitive costs and to process invoices.
Be your own financial system
Integrating a Coinbit node directly into your applications allows you to become your own bank and payment processor without using any third party APIs. With all the options you will have then, you will be able to build amazing systems that process Coinbit transactions in any way.
Tracking invoices with Coinbit
Coinbit creates a unique address for each transaction; thus, building a payment system associated with an invoice, you only need to generate and monitor a Coinbit address for each payment. Never use the same address for more than one transaction.
Keeping your coinbits secure
With the elimination of need for PCI compliance, most security is handled by the protocol. Fraud prevention can be simplified down to monitoring a single variable, which is the confirmation score. Except that, keeping your coinbits secure is a matter of securing your own wallet and using secure protocols (such as HTTPS) to send payment requests to customers.
New possibilities for payments
Such services as distributed crowd-funding services, time locked payment management, tipping systems, automated payment solutions, couldn't exist before because of financial limitations. Though, Coinbit allows you to make them.