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Payments & Stablecoins

BitcoinPayable

BitcoinPayable is a Ruby on Rails gem that adds Bitcoin payment records to application models, generates unique payment addresses from a BIP32 deterministic seed and checks payment status through external blockchain APIs.

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Independent OpenViST project profile, based on linked sources.

BitcoinPayable — OpenViST project profile in Payments & Stablecoins.
OpenViST project illustration. See the linked sources for product details.
Understand the project

Practical overview

When it fits

Consider it when integrating Bitcoin payment records and status handling into a Rails application, after assessing the project’s explicitly stated unmaintained status and its reliance on external blockchain APIs.

Who it is for

  • Rails developers adding Bitcoin payment tracking to model-backed application workflows.
  • Teams that need distinct payment addresses and states for pending, partial, paid, confirmed or comped payments.

Documented uses

  • Associate Bitcoin payment records with Rails models.
  • Generate unique Bitcoin payment addresses using a BIP32 seed and extended master public key.
  • Track incoming payments and react to payment-status changes.
  • Calculate Bitcoin amounts from local-currency prices and retain transaction and conversion details.
Before you choose

Requirements & limits

  • The README says the project is no longer maintained.
  • Address generation requires a BIP32 extended master public key and derivation path.
  • Payment checks use an external API adapter; the README names Blocktrail, Blockchain.info and BlockCypher.
  • Webhooks are documented only for the Blocktrail adapter and require webhook credentials and API keys.
  • The README documents separate rake tasks for price updates and payment processing, with a warning not to run the payment processor when webhooks are configured.

Check current requirements in the official documentation. Source-based guidance does not mean OpenViST has run or independently tested this project.

Source-based practical guide

Install BitcoinPayable in a Rails application

Add the gem, generate its installer files and run the database migration.

Before you start

  • A Rails application
  • A Gemfile and Bundler

Steps

  1. Add bitcoin_payable to the Gemfile using the documented Git repository and master branch.

  2. Run bundle.

  3. Run rails g bitcoin_payable:install --skip.

  4. Run bundle exec rake db:migrate.

Expected outcome

The gem is included and its installation migration has been run.

Guide limitations

  • The README says the project is no longer maintained.
  • This setup sequence does not configure payment adapters or process payments.
Documentation 1 ↗
Evidence and transparency

Sources & review

Official repository ↗
Source record details
Source availability
Active
Sources checked
17 October 2026
Original website title
Sailias/bitcoin_payable · Official homepage title · retained in its source language
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