What does bitcoin have to do with Sound? Well, nothing (except for being sound money of course!). As a result of this Ultra Sound & Vision in South Africa now incentivise clients to pay in Bitcoin. Ultra Sound & Vision do this through discounts which they apply when using bitcoin to pay for any purchase.
Ultra Sound & Vision is the leading home automation, home theatre, high-end audio and custom installations company in South Africa. Furthermore, they also possess the highest Control4 Diamond Certification in smart homes.
Established in 2002 Ultra Sound & Vision has been installing and maintaining sound systems throughout master built homes in South Africa. Using the latest technology, Ultra Sound & Vision ingeniously sets up high-end home theatre, as well as ensuring its residential clients complete and easy control of all aspects of the electronic smart home including lighting, security, intercoms, networks, irrigation, HVAC, multi-room audio and video with full control from any remote location worldwide.
The company operate an online store www.ultrasound.co.za and have recently added Bitcoin as a payment option. The advantage you have when making your payment in bitcoin is that you will receive up to 15% discount on the goods or services you purchase. Furthermore, there is an incredible range, from headphones to head units. They have it all.
This is an interesting subject. Many shops simply do not accept cash over a certain threshold or need to do additional compliance checks. These procedures cost money, and they don’t generate revenue like salespeople for example.
The most popular payment method today is still credit or debit cards. Credit cards, especially, were not designed for the internet age. To make a purchase, you have to provide all your details including your credit card details, with CVV. You do this without knowing who the person receiving or processing this information is. In the case of a payment processing system, you have no idea who has access to this data. Even more frightening is that you have no idea how this data is being used.
So if you cannot pay cash and you don’t want to share all your personal information online, what other options do you have?
Internet Currency such as Bitcoin address many of these problems. Bitcoin is the first of these currencies and is highly suited to making high-value transactions online. The security of the bitcoin network is robust and therefore allow for these high-value transactions to take place without the need of any 3rd party.
This benefits the consumer, but the service or product provider has security, as the funds cannot be reversed. They also do not suffer from high transaction processing fees associated with credit card facilities, allowing them to pass savings on to customers.
Being at the forefront of any new technology is very exciting and we pride ourselves in having expert knowledge in the latest and greatest smart home and audiovisual solutions. It is therefore natural for us to apply this in other areas and accepting Bitcoin as payment not only keeps us ahead of the rest but also benefits our customers through the discounts we offer as an incentive to use bitcoin as the preferred payment method – M Hattingh, Ultra Sound & Vision.
The team are working on implementing a custom BTCPayServer to automate the conversion to BTC prices. For now, we are using a third-party plugin to accept bitcoin payments, the process, however, is extremely simple.
The team at Ultra Sound & Vision are not only at the forefront of technology, but they provide the traditional customer service and aftercare you would expect from a high-end retailer.
Gents, I had to drop you an email this morning to just say – the system is absolutely awesome!
Thank you very much for all your assistance in getting it up and running the way I wanted it. It is just great to see everything being implemented the way you asked for it. Iʼll definitely be showing this off to the guys that come to the house. I hope you get some referrals somewhere in the future. Iʼm especially happy with the way Wade sorted out the small things that bugged me – attention to detail is not easy to find when you are building.
Thanks again – Chief Financial Officer, Safair
If you are in the market for some new tech gadgets or busy with a new project, get in touch with the team at Ultra Sound & Vision, but make sure you have enough bitcoin first (buy bitcoin here)
This article is intended to educate and should in no way be seen as investment advice or an enticement to use the ice3x.com platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.