We offer a merchant account for businesses which accept bitcoin on their website using their customers . We would like to let all crypto currency users know about our services and what we are able to 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 to your banking account.
Bitcoin (BTC) can be a new type of digital currency-with cryptographic keys-that is decentralized with a network of computers employed by users and miners around the globe and isn’t controlled by a single organization or government. It’s the first digital cryptocurrency containing gained the public’s attention and it is accepted with a growing number of merchants. Like other currencies, users may use a digital currency to purchase goods and services online as well as in some physical stores that accept it a type of payment. Currency traders can also trade Bitcoins in Bitcoin exchanges.
There are several 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 world. The currency is anonymously transferred directly between users on the web without under-going a clearing house. Which means transaction fees tend to be lower.
Bitcoin is produced by having a process called “Bitcoin mining”. Miners around the world use mining software and computers to solve complex bitcoin algorithms and approve Bitcoin transactions. They may be graced with transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
There’s a limited quantity of Bitcoins in circulation. Based on Blockchain, there have been about 12.2million in circulation by Dec. 20, 2013. The issue to mine Bitcoins (solve algorithms) becomes harder as more Bitcoins are generated, as well as the maximum amount in circulation is capped at 21 million. The limit are not reached until approximately the season 2140. As a result Bitcoins more significant weight loss people use them.
An open ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Everyone can get 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.
A digital currency can be acquired through Bitcoin mining or Bitcoin exchanges.
I have faith that Bitcoin will get more acceptance through the public because users usually stays anonymous while buying services and goods online, transactions fees are much lower than credit card payment networks; the general public ledger is accessible by anyone, which can be employed to stop fraud; the currency supply is capped at 21 million, along with the payment network is operated by users and miners rather than a central authority.
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