The First Brush Company to Accept Bitcoin?

Precision Brush Now Accepts Cryptocurrency Payments

In a bold move to make payments easier than ever no matter where you are in the world, Precision Brush is now accepting payments in Bitcoin, Ethereum, and Litecoin. Opening the doorway for cryptocurrency payments gives overseas customers an important money-saving alternative to traditional payments such as wire transfers or credit cards, which can have steep fees.

“We’re excited to be leading the brush manufacturing industry in creating a new set of secure, easy-payment solutions for our customers,” says Precision Brush President Jim Benjamin.

A Quick Cryptocurrency Primer

Wikipedia defines cryptocurrency as “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.”

Basically, it’s:

• Digital money created and exchanged via software coding
• An exchange of currency that occurs outside of any governmental oversight
• An economy monitored only by peer-to-peer protocols

Here are some of the benefits of using cryptocurrencies:

• They can’t be counterfeited, so they eliminate risk of fraud.
• They aren’t affected by international exchange rates or any country’s transaction charges.
• They make it possible to transfer assets instantly to another user from anywhere in the world.
• Users can expect significantly lower transaction fees than those associated with credit cards or banks.
• Anyone with an internet connection can use them.

Precision Brush accepts:

• Bitcoin – The most widely known of cryptocurrencies, Bitcoin was released in 2009 and has worldwide brand recognition. It acts as a payment system in which users receive an encrypted key to perform an asset exchange.
• Ethereum – In addition to asset exchanges, Ethereum also allows user to develop apps and smart contracts.
• Litecoin – Litecoin was one of the earliest Bitcoin alternatives, moving to create an algorithm that made cryptocurrency more accessible to anyone with an internet connection.

Would you like to pay for your next Precision Brush order using cryptocurrency? Contact us to learn how!