Brandable domain marketplace now accepts bitcoin as payment for domains.
Domain name marketplace BrandBucket is now accepting bitcoin as a form of payment.
To pay with bitcoin, customers checkout as usual and select “Pay With Bitcoin”. They are then given a wallet address and bitcoin conversion amount that’s good for ten minutes. (Given the wild fluctuations in bitcoin-to-dollar value, it makes sense to limit this time period.)
In a newsletter to clients yesterday, BrandBucket pitched domain names as a good investment with many of the characteristics of cryptocurrencies:
Domains: A Hedge Against Wild Fluctuations
Over the past ten years short, pronounceable domain names have increased in value as the number of available names for use in commerce is decreasing.
Historically, the value of domain names transacted in the aftermarket has increased 10% to 30% every year, with little or no downturns. This points to domain names being a stable investment option.
And similar to cryptocurrencies, domain names are easily transferred between parties, can be owned anonymously, and have clearly identifiable premium attributes: length, spelling, pronunciation, and proximity to commonly used words and phrases.
What do you think?
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Author: Andrew Allemann