Our company offers merchant accounts for companies who want to accept bitcoin on their site from their customers . We would like to let all crypto currency users know about our services and what we can easily 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 banking account.
Bitcoin (BTC) is really a new kind of digital currency-with cryptographic keys-that is decentralized to some network of computers utilised by users and miners all over the world and is not controlled with a single organization or government. Oahu is the first digital cryptocurrency containing gained the public’s attention and is accepted by way of a growing variety of merchants. Like other currencies, users are able to use a digital currency to purchase products or services online as well as in some physical stores that accept becoming a sort 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 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 through the internet without experiencing a clearing house. Which means transaction fees less difficult lower.
Bitcoin is created through a process called “Bitcoin mining”. Miners all over the world use mining software and computers to fix complex bitcoin algorithms and approve Bitcoin transactions. They are given transaction fees and new Bitcoins generated from solving Bitcoin algorithms.
There’s a limited volume of Bitcoins in circulation. Based on Blockchain, there have been about 12.1 million in circulation as of Dec. 20, 2013. The actual to mine Bitcoins (solve algorithms) becomes harder as more Bitcoins are generated, and also the maximum amount in circulation is capped at 21 million. The limit will not be reached until approximately the year 2140. This will make Bitcoins more valuable as more people utilize them.
An open 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. As a result a digital currency more transparent and predictable. More importantly, the transparency prevents fraud and double spending of the Bitcoins.
A digital currency can be acquired through Bitcoin mining or Bitcoin exchanges.
I believe that Bitcoin will gain more acceptance in the public because users can remain anonymous while buying goods and services online, transactions fees tend to be less than bank card payment networks; people ledger is offered by anyone, that you can use in order to avoid fraud; the currency supply is capped at 21 million, and also the payment network is operated by users and miners rather than a central authority.
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