Our company offers a merchant account for companies which accept bitcoin on their website from other customers . We should let all crypto currency users find out about our services and what we can offer them.We offer a checkout solution made to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it to your checking account.
Bitcoin (BTC) is really a new form of digital currency-with cryptographic keys-that is decentralized with a network of computers employed by users and miners all over the world and isn’t controlled by way of a single organization or government. It does not take first digital cryptocurrency that has gained the public’s attention and is also accepted by the growing amount of merchants. Like other currencies, users will use a digital currency to buy products and services online plus some physical stores that accept becoming a type of payment. Currency traders can also trade Bitcoins in Bitcoin exchanges.
There are many major differences between Bitcoin and traditional currencies (e.g. U.S. dollar):
Bitcoin won’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 around the globe. The currency is anonymously transferred directly between users on the internet without under-going a clearing house. Which means transaction fees less complicated lower.
Bitcoin is produced by way of a process called “Bitcoin mining”. Miners around the world use mining software and computers to unravel complex bitcoin algorithms also to approve Bitcoin transactions. They are given transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
You will find there’s limited volume of Bitcoins in circulation. In accordance with Blockchain, there was about 12.2million in circulation as of Dec. 20, 2013. The difficulty 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 4 seasons 2140. This may cause Bitcoins more vital as more people rely on them.
A public ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Anyone can get the public ledger to confirm transactions. This may cause 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 gain more acceptance through the public because users usually stay anonymous while buying services and goods online, transactions fees are much below charge card payment networks; the population ledger is accessible by anyone, which can be used to avoid fraud; the currency supply is limited to 21 million, and also the payment network is run by users and miners as opposed to a central authority.
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