ChangeTip Caters to Non-Bitcoin Users, Accepts US Dollar Transactions

September 18, 2024 by
ChangeTip Caters to Non-Bitcoin Users, Accepts US Dollar Transactions

ChangeTip, a bitcoin tipping service, is opening its platform to US dollar payments. According to the FinCEN database, the company is a registered money transmitter in all 50 states.

“While electronic payments are well-established for online purchases, the concept of empowering everyone on the Internet to express gratitude and appreciation for great people, content, causes and contributions using the change in their digital pocket, is unique to social media tipping,” said Nick Sullivan, founder and CEO of ChangeTip parent company ChangeCoin.

The move was based on the results of a recent survey that uncovered bottlenecks in bitcoin adoption. According to the study, over 76 percent of participants are uncomfortable with the brand’s association with digital currency. Surprisingly, 24 percent of customers feel a sense of uncertainty when using the service.

By offering tips in US dollars, the company hopes to bring peace of mind for new users and reassurance for early adopters.

To get started, individuals will need to load a minimum of $25 in an active account using a debit card. Each transaction comes with a small currency transaction fee.

“When tips are sent internationally, we will be converting USD to bitcoin, showing people the benefits of it as a global currency. When people go to withdraw, they will see that bitcoin is far less expensive than USD to use on our platform as a form of value transfer,” highlighted the official release.

ChangeTip is available on 12 social media sites. Earlier this year, the business expanded its service to support major credit cards.

The brand is currently working with writers through a tipping widget for WordPress. Bloggers are encouraged to use the add-on for content monetization. Individuals who would like to contribute to a post can do so in denominations of $0.25, $1, $2, $5 and $10.

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