Technologies Used
JavaScriptCSS
Parse
HTML5
PayPal api
Node.js
Blockchain API
Project Team
About
The limiting factor for widespread bitcoin adoption in the real world hinges on the lack of liquidity to usable cash for everyday transactions. InstaBit attempts to speed up the conversion to process as quickly as it takes for a payment to be confirmed by the Bitcoin network. We do this by acting as an intermediary for funds from a Blockchain wallet to our own master wallet, and then forwarding that payment out of a master PayPal account to an end email address. In addition to BTC to USD conversion, we also created a reverse process that allows uninterrupted conversion to BTC as well. The fraud prevention of PayPal provides a safer method of cashing out BTC into the real world, while coupling with the strength of the blockchain as an added level of security in transferring your funds. InstaBit is one step in pushing for seamless integration of Bitcoin into the global financial system.
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