Our company offers merchant services for businesses who want to accept bitcoin on their website off their customers . We should let all crypto currency users know about our services and what we could offer them.You can expect a checkout solution meant to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it to your bank account.
Bitcoin (BTC) is a new type of digital currency-with cryptographic keys-that is decentralized with a network of computers utilised by users and miners around the world and isn’t controlled by way of a single organization or government. It’s the first digital cryptocurrency which includes gained the public’s attention and it is accepted by a growing number of merchants. Like other currencies, users may use digital currency to get products and services online plus some physical stores that accept it as a form of payment. Currency traders may also trade Bitcoins in Bitcoin exchanges.
There are many 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 worldwide. The currency is anonymously transferred directly between users online without under-going a clearing house. Which means transaction fees tend to be lower.
Bitcoin is created by way of a process called “Bitcoin mining”. Miners around the globe use mining software and computers to fix complex bitcoin algorithms and to approve Bitcoin transactions. These are given transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
There is a limited amount of Bitcoins in circulation. As outlined by Blockchain, there are about 12.1 million in circulation at the time of Dec. 20, 2013. The actual to mine Bitcoins (solve algorithms) becomes harder as increasing numbers of Bitcoins are generated, and the maximum amount in circulation is limited to 21 million. The limit are not reached until approximately 4 seasons 2140. This may cause Bitcoins worth more weight loss people make use of them.
An open ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. You can now access the public ledger to verify transactions. This makes digital currency more transparent and predictable. More to the point, the transparency prevents fraud and double spending of the Bitcoins.
Digital currency can be had through Bitcoin mining or Bitcoin exchanges.
I believe that Bitcoin will get more acceptance in the public because users can remain anonymous while buying products and services online, transactions fees tend to be less than plastic card payment networks; the population ledger is offered by anyone, which you can use to stop fraud; the currency supply is limited to 21 million, and also the payment network is run by users and miners rather than a central authority.
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