We provide a merchant account for companies who wish to accept bitcoin online off their customers . You want to let all crypto currency users find out about our services along with what we can easily offer them.Our company offers a checkout solution made to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it for your bank-account.
Bitcoin (BTC) is a new type of digital currency-with cryptographic keys-that is decentralized into a network of computers employed by users and miners worldwide and isn’t controlled by way of a single organization or government. It is the first digital cryptocurrency which has gained the public’s attention and is accepted by a growing amount of merchants. Like other currencies, users may use the digital currency to buy goods and services online along with some physical stores that accept it a kind 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 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 worldwide. The currency is anonymously transferred directly between users on the web without going through a clearing house. Which means transaction fees less complicated lower.
Bitcoin is made by having a process called “Bitcoin mining”. Miners worldwide use mining software and computers to resolve 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 volume of Bitcoins in circulation. In accordance with Blockchain, there was about 12.A million in circulation as of Dec. 20, 2013. The issue to mine Bitcoins (solve algorithms) becomes harder as increasing numbers of Bitcoins are generated, and the maximum amount in circulation is limited to 21 million. The limit are not reached until approximately the entire year 2140. This makes Bitcoins more significant as increasing numbers of people make use of them.
A public ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Everyone can connect to the public ledger to ensure transactions. This may cause a digital currency more transparent and predictable. More to the point, the transparency prevents fraud and double spending the exact same Bitcoins.
A digital currency can be acquired through Bitcoin mining or Bitcoin exchanges.
I have faith that Bitcoin will grow in acceptance through the public because users can remain anonymous while buying products or services online, transactions fees less difficult below bank card payment networks; the general public ledger is accessible by anyone, which can be employed to stop fraud; the currency supply is limited to 21 million, and also the payment network is operated by users and miners as opposed to a central authority.
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