![]() ![]() Russell is one the many entrepreneurs in the Bitcoin ecosystem, building a consultancy startup to counsel merchants and others about how they can use cryptocurrency. "I want to be the total point person for people that want to learn about Bitcoin." "I walk the merchant through the process so I can provide hands-on support in the future," Russell says. He also helped Flat 128, a boutique fashion retailer in the West Village, start accepting bitcoin through BitPay, but this was before the merchant services provider re-opened the referral program. "But BitPay offers a slick and intuitive service for people that want to get set up in 10 minutes and be compatible with Quickbooks and what not." "I have no specific allegiance to BitPay or Coinbase or anybody," says Russell. Until the contractor does a job and gets paid in bitcoin, Russell won't start making money off the referral. But only one of these merchantsPaul Peterson, a home repairs and improvement contractorsigned up using the referral link. Matt Russell, a New York-based Bitcoin strategist and consultant, has helped three merchants begin accepting bitcoin. They then get a referral link which merchants must sign up through for the individual to get commission. Now individuals set up a contractual relationship with BitPay when signing up to be a referral partner. The referral program was shut down formerly because individuals weren't as engaged as BitPay had wanted, instead only caring to sign up their favorite bar or coffee shop and not pursue other merchants. "We want them to be really involved in their community almost a mini version of Bitcoin Boulevard."īitcoin Boulevard is a group of independent small businesses located along a walkable road within the Cedar and Lee business district in Cleveland Heights, Ohio who have all begun accepting bitcoin. "We kind of hope that when we talk to they have a business plan with a target list if you will of merchants to sign up," Wargo says. Top referral partners who have signed up active merchants make an average of $200 to $400 in monthly commission, says Wargo. "So far they've pushed through a little over 1,000 merchants," she says. and Canada have signed up as referral partners, Wargo says. Since then 140 people from all over the world, the majority from the U.S. After initially shutting down the referral program near the end of 2013, BitPay re-opened it two or three months ago. ![]()
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