Pages

Thursday, 14 June 2012

Bitcoin introduced as a new payment option at The Swiss Pharmacy

The Swiss Pharmacy is the first online pharmacy worldwide that has introduced a new and convenient payment option for all it's clients on 15 May 2012. You can now purchase medications using Bitcoin. BitCoin is a newly introduced digital, peer-to-peer (p2p) currency, which can be used to replace hard cash when buying and selling goods and services online.
It uses digital signatures and cryptographic proof so as to enable users to conduct irreversible transactions without relying on trust. Bitcoin makes use of public-key cryptography using Elliptic Curve DSA to secure transactions. Each user in the Bitcoin network has a digital wallet containing a number of cryptographic keypairs. The public keys of each user's wallet are transformed into Bitcoin addresses, which act as the receiving endpoints for all payments. Bitcoin, unlike other methods of online funds transfer is sent between users without the need for a payment processor.
To begin using Bitcoin you have to first get a wallet. This can be obtained by downloading and installing a Bitcoin client on your Windows, Mac or Linux computer. The Bitcoin Client is free, open-source software. It can be downloaded at http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.6.2/bitcoin-0.6.2-win32-setup.exe/download for the windows version. After the installation is complete a wallet will be created for you automatically and the transaction history will be downloaded.
Another method is to get an online wallet at Flexcoin, InstaWallet or MyWallet. Opting to use this method will save you the trouble of downloading and installing the software but the disadvantage is that you will have to trust the selected site to keep your bitcoinwallet safe. Besides this you will have to take great care to ensure the safety and security of your password. As soon as your wallet is set up, you will possess your first Bitcoin address and you're all set to receive your first bitcoins!
Shopping at The Swiss Pharmacy using Bitcoins is simple. Simply add the products you require in the shopping cart and check out as usual. While checking out select Bitcoin as the method of payment. We will send you a mail with the details of our wallet address. Simply transfer the requisite number of bitcoins into our wallet and you're done. Your parcel will arrive in 8 to 15 days time.