Our company offers merchant credit card accounts for businesses who would like to accept bitcoin on their website using their customers . We would like to let all crypto currency users be familiar with our services and what we can offer them.We offer a checkout solution made to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it to your checking account.
Bitcoin (BTC) is a new sort of digital currency-with cryptographic keys-that is decentralized to a network of computers utilised by users and miners around the globe and isn’t controlled with a single organization or government. It’s the first digital cryptocurrency which has gained the public’s attention and it is accepted by way of a growing variety of merchants. Like other currencies, users are able to use a digital currency to buy products and services online as well as in some physical stores that accept it a sort of payment. Currency traders could also trade Bitcoins in Bitcoin exchanges.
There are many major differences between Bitcoin and traditional currencies (e.g. U.S. dollar):
Bitcoin does not have a centralized authority or clearing house (e.g. government, central bank, MasterCard or Visa network). The peer-to-peer payment network is managed by users and miners worldwide. The currency is anonymously transferred directly between users through the internet without dealing with a clearing house. This means that transaction fees less complicated lower.
Bitcoin is made by way of a process called “Bitcoin mining”. Miners around the globe use mining software and computers to unravel complex bitcoin algorithms and to approve Bitcoin transactions. They are graced with transaction fees and new Bitcoins generated from solving Bitcoin algorithms.
You will find there’s limited quantity of Bitcoins in circulation. In accordance with Blockchain, there have been about 12.2million in circulation by Dec. 20, 2013. The issue to mine Bitcoins (solve algorithms) becomes harder as more Bitcoins are generated, along with the maximum amount in circulation is limited to 21 million. The limit are not reached until approximately the year 2140. As a result Bitcoins more valuable as increasing numbers of people make use of them.
A public ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Now you may access the public ledger to ensure transactions. This makes digital currency more transparent and predictable. More importantly, the transparency prevents fraud and double spending of the Bitcoins.
The digital currency can be purchased through Bitcoin mining or Bitcoin exchanges.
I have faith that Bitcoin will grow in acceptance from your public because users usually stays anonymous while buying products or services online, transactions fees less complicated less than bank card payment networks; the general public ledger is obtainable by anyone, that you can use in order to avoid fraud; the currency supply is capped at 21 million, and also the payment network is operated by users and miners rather than central authority.
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