Most people don’t realize that one of the fundamental roadblocks in Bitcoin is the long confirmation time: you have to wait on average 10 minutes for a transaction to be confirmed. Any merchant who processes a transaction before it’s been approved runs the risk of not getting paid. For merchants used to credit card processing in seconds, the 10 minute confirmation barrier hinders the adoption of Bitcoin.

“In a POS world, especially in high value merchandise like jewelry, handbags or electronics it’s simply not viable.”

-David Mondrus, Bitzme

BlockCypher has created technology that enables merchants to confirm transactions in mere seconds with 99.9% confidence.

BlockCypher is like Amazon Web Services for Bitcoin. Our platform exposes web services to help developers build, monitor and secure Bitcoin applications.

For developers wanting to implement this technology, request a token and read our documentation.