We provide a merchant account for businesses who would like to accept bitcoin online off their customers . We should let all crypto currency users be familiar with our services along with what we can offer them.We offer a checkout solution meant to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it in your bank account.
Bitcoin (BTC) can be a new type of digital currency-with cryptographic keys-that is decentralized into a network of computers utilized by users and miners all over the world and isn’t controlled by the single organization or government. It does not take first digital cryptocurrency that has gained the public’s attention and is also accepted with a growing variety of merchants. Like other currencies, users will use the digital currency to get goods and services online as well as in some physical stores that accept it as a type of payment. Currency traders can also trade Bitcoins in Bitcoin exchanges.
There are lots of major differences between Bitcoin and traditional currencies (e.g. U.S. dollar):
Bitcoin doesn’t need 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 around the globe. The currency is anonymously transferred directly between users on the web without going through a clearing house. Which means that transaction fees tend to be lower.
Bitcoin is made by having 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 given transaction fees and new Bitcoins generated from solving Bitcoin algorithms.
You will find there’s limited level of Bitcoins in circulation. Based on Blockchain, there were about 12.1 million in circulation since Dec. 20, 2013. The problem to mine Bitcoins (solve algorithms) becomes harder as more Bitcoins are generated, and also the maximum amount in circulation is capped at 21 million. The limit will not be reached until approximately the entire year 2140. This may cause Bitcoins more vital weight loss people utilize them.
An open ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Everyone can connect to the public ledger to confirm transactions. This makes a digital currency more transparent and predictable. More importantly, the transparency prevents fraud and double spending of the Bitcoins.
The digital currency can be found through Bitcoin mining or Bitcoin exchanges.
I believe that Bitcoin will get more acceptance in the public because users usually stays anonymous while buying products and services online, transactions fees are much below charge card payment networks; people ledger is offered by anyone, which can be employed to prevent fraud; the currency supply is capped at 21 million, and also the payment network is operated by users and miners rather than a central authority.
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