What is BitBay?
Welcome to BitBay
In the same way that the Venetian explorer Marco Polo connected the Orient with the rest of the world by establishing the Silk Route, today’s Internet has opened new markets, allowing people to connect globally with the push of a button.
But because it’s all still relatively new and unregulated, consumers are trying to figure out how to navigate Internet commerce safely and securely. In the meantime, hackers, scammers and other unscrupulous web users are exploiting the lack of regulation and uniformity for their own gain.
BitBay is a free software program that provides the security you need to protect all of your online transactions, especially at places like Craigslist, Hoobly and eBay Classifieds. It removes any centralized services from online transactions and allows buyers to interact directly with sellers safely and securely.
BitBay takes power away from the mega-corporations like Amazon and eBay that are reaping huge profits by taking a percentage of every transaction and hands all the power back to you, the consumer. It simply allows two parties to engage in trade without having to rely upon a “pay-to-play” centralized network that has questionable security and integrity.
If you have an Internet connection, you can use BitBay to buy and sell products directly with people from anywhere in the world. It essentially breaks down borders and provides free and open access to commerce to everyone, regardless of where they live.
Commercial marketplaces like eBay and Amazon restrict people from developing countries from participating in global commerce because they require a bank account, credit cards or other external forms of payment before you can use them.
There are a lot of people in the world who don’t have access to modern financial services, but that shouldn’t disqualify them from participating in online commerce.
For example, there are tens of millions of people living in places like the Philippines, Nicaragua or China who have Internet access but who can’t open bank accounts or get credit cards. Currently, websites like Amazon and eBay disenfranchise all of these people by disqualifying them from participating in online commerce.
BitBay believes that this is simply not fair. Its primary objective is to allow users to improve their lives by giving them the ability to buy and sell products online safely and securely.