Our company offers merchant credit card accounts for businesses who want to accept bitcoin on their site using their customers . You want to let all crypto currency users know about our services and what we can offer them.Our company offers a checkout solution designed 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 often a new sort of digital currency-with cryptographic keys-that is decentralized to some network of computers used by users and miners all over the world and isn’t controlled by the single organization or government. It is the first digital cryptocurrency which includes gained the public’s attention and is also accepted with a growing number of merchants. Like other currencies, users can use digital currency to purchase products or services online as well as in some physical stores that accept it a form of payment. Currency traders may 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 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 all over the world. The currency is anonymously transferred directly between users through the internet without dealing with a clearing house. This means that transaction fees tend to be lower.
Bitcoin is created by having a process called “Bitcoin mining”. Miners around the globe use mining software and computers to unravel complex bitcoin algorithms and also to approve Bitcoin transactions. These are given transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
There exists a limited level of Bitcoins in circulation. Based on Blockchain, there are about 12.One million in circulation by Dec. 20, 2013. The problem to mine Bitcoins (solve algorithms) becomes harder fat loss Bitcoins are generated, along with the maximum amount in circulation is limited to 21 million. The limit won’t be reached until approximately the season 2140. This makes Bitcoins more valuable as increasing numbers of people use them.
An open ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. You can now get the public ledger to confirm transactions. As a result digital currency more transparent and predictable. Moreover, the transparency prevents fraud and double spending of the identical Bitcoins.
Digital currency can be purchased through Bitcoin mining or Bitcoin exchanges.
I have faith that Bitcoin will gain in acceptance through the public because users usually stay anonymous while buying products and services online, transactions fees less difficult under charge card payment networks; people ledger is offered by anyone, which can be employed in order to avoid fraud; the currency supply is capped at 21 million, along with the payment network is run by users and miners as opposed to a central authority.
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