We provide merchant credit card accounts for businesses which accept bitcoin online from their customers . We want to let all crypto currency users learn about our services and what we are able to 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 bank account.
Bitcoin (BTC) is a new form of digital currency-with cryptographic keys-that is decentralized to a network of computers utilized by users and miners worldwide and is not controlled by a single organization or government. It does not take first digital cryptocurrency which has gained the public’s attention and is accepted by way of a growing variety of merchants. Like other currencies, users may use the digital currency to get products and services online plus 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 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 around the globe. The currency is anonymously transferred directly between users on the web without dealing with a clearing house. Which means that transaction fees tend to be lower.
Bitcoin is made through a process called “Bitcoin mining”. Miners worldwide use mining software and computers to unravel complex bitcoin algorithms and to approve Bitcoin transactions. They may be given transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
You will find there’s limited volume of Bitcoins in circulation. Based on Blockchain, there are about 12.A million in circulation at the time of Dec. 20, 2013. The problem 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 won’t be reached until approximately 4 seasons 2140. This will make Bitcoins more significant as increasing numbers of people use 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 make sure that transactions. This may cause digital currency more transparent and predictable. More importantly, the transparency prevents fraud and double spending of the Bitcoins.
The digital currency can be purchased through Bitcoin mining or Bitcoin exchanges.
I have faith that Bitcoin will get more acceptance in the public because users can remain anonymous while buying products or services online, transactions fees less difficult less than credit card payment networks; people ledger is obtainable by anyone, which you can use to stop 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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