We provide merchant accounts for businesses who wish to accept bitcoin on their site from their customers . We should let all crypto currency users learn about our services and just what we could offer them.Our company offers a checkout solution meant to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it on your banking account.
Bitcoin (BTC) is often a new type of digital currency-with cryptographic keys-that is decentralized to some network of computers utilized by users and miners worldwide and isn’t controlled with a single organization or government. It’s the first digital cryptocurrency containing gained the public’s attention and is accepted by way of a growing amount of merchants. Like other currencies, users are able to use the digital currency to buy goods and services online plus in some physical stores that accept it as a sort of payment. Currency traders also can 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 around the world. The currency is anonymously transferred directly between users online without under-going a clearing house. Which means that transaction fees less difficult lower.
Bitcoin is done via a process called “Bitcoin mining”. Miners all over the world use mining software and computers to solve complex bitcoin algorithms and approve Bitcoin transactions. They are awarded with transaction fees and new Bitcoins generated from solving Bitcoin algorithms.
There exists a limited level of Bitcoins in circulation. According to Blockchain, there was about 12.2million in circulation as of Dec. 20, 2013. The difficulty to mine Bitcoins (solve algorithms) becomes harder weight loss Bitcoins are generated, as well as the maximum amount in circulation is limited to 21 million. The limit will not be reached until approximately 4 seasons 2140. This makes Bitcoins more vital as increasing numbers of people use 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 make sure that transactions. This makes the digital currency more transparent and predictable. Most importantly, the transparency prevents fraud and double spending of the same Bitcoins.
The digital currency can be acquired through Bitcoin mining or Bitcoin exchanges.
I believe that Bitcoin will get more acceptance in the public because users can remain anonymous while buying goods and services online, transactions fees less complicated lower than plastic card payment networks; the population ledger is obtainable by anyone, which can be used to avoid fraud; the currency supply is capped at 21 million, along with the payment network is run by users and miners rather than a central authority.
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