Our company offers merchant accounts for companies who would like to accept bitcoin on their website off their customers . We would like to let all crypto currency users know about our services as well as what we can easily offer them.We offer 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 checking 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 isn’t controlled with a single organization or government. It’s the first digital cryptocurrency that has gained the public’s attention and it is accepted with a growing quantity of merchants. Like other currencies, users may use digital currency to get products or services online as well as in some physical stores that accept it as a sort of payment. Currency traders could also 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 internet without dealing with a clearing house. This means that transaction fees are much lower.
Bitcoin is made by having a process called “Bitcoin mining”. Miners around the globe use mining software and computers to resolve complex bitcoin algorithms and approve Bitcoin transactions. These are graced with transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
You will find there’s limited quantity of Bitcoins in circulation. As outlined by Blockchain, there are about 12.A million in circulation as of Dec. 20, 2013. The difficulty to mine Bitcoins (solve algorithms) becomes harder as more Bitcoins are generated, and also the maximum amount in circulation is limited to 21 million. The limit will not be reached until approximately the entire year 2140. As a result Bitcoins more valuable as increasing numbers of 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. Moreover, the transparency prevents fraud and double spending of the identical Bitcoins.
A digital currency can be found through Bitcoin mining or Bitcoin exchanges.
I believe that Bitcoin will get more acceptance through the public because users usually stays anonymous while buying goods and services online, transactions fees are much less than plastic card payment networks; people ledger is available by anyone, which can be employed to stop fraud; the currency supply is capped at 21 million, as well as the payment network is operated by users and miners instead of a central authority.
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