We offer a merchant account for businesses who would like to accept bitcoin online from other customers . We would like to let all crypto currency users learn about our services and just what we can offer them.Our company offers a checkout solution built to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it for your bank account.
Bitcoin (BTC) is a new kind of digital currency-with cryptographic keys-that is decentralized to a network of computers employed by users and miners worldwide and is not controlled by the single organization or government. It is the first digital cryptocurrency which has gained the public’s attention which is accepted with a growing quantity of merchants. Like other currencies, users will use a digital currency to purchase products and services online along with some physical stores that accept it as being a form of payment. Currency traders could 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 worldwide. The currency is anonymously transferred directly between users through the internet without experiencing a clearing house. Which means that transaction fees are much lower.
Bitcoin is made by having a process called “Bitcoin mining”. Miners worldwide use mining software and computers to solve complex bitcoin algorithms and to approve Bitcoin transactions. They may be awarded with transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
You will find there’s limited level of Bitcoins in circulation. In accordance with Blockchain, there have been about 12.A million in circulation at the time of 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 will never be reached until approximately the entire year 2140. This will make Bitcoins worth more as increasing numbers of people rely on them.
A public ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Now you may get the public ledger to make sure that transactions. This will make the digital currency more transparent and predictable. Moreover, the transparency prevents fraud and double spending of the identical Bitcoins.
The digital currency can be purchased through Bitcoin mining or Bitcoin exchanges.
I have faith that Bitcoin will grow in acceptance in the public because users usually stay anonymous while buying products and services online, transactions fees less difficult less than plastic card payment networks; people ledger is available by anyone, which can be employed to prevent fraud; the currency supply is capped at 21 million, along with the payment network is run by users and miners instead of a central authority.
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