Our company offers merchant accounts for businesses who would like to accept bitcoin on their website using their customers . We would like to let all crypto currency users be familiar with our services and just what we can easily offer them.We offer a checkout solution designed 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 really a new kind of digital currency-with cryptographic keys-that is decentralized to some network of computers used 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 by a growing variety of merchants. Like other currencies, users are able to use the digital currency to acquire services and goods online plus some physical stores that accept it as being a sort of payment. Currency traders can also trade Bitcoins in Bitcoin exchanges.
There are lots of 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 world. The currency is anonymously transferred directly between users through the internet without experiencing a clearing house. Because of this transaction fees tend to be lower.
Bitcoin is made via a process called “Bitcoin mining”. Miners worldwide use mining software and computers to resolve complex bitcoin algorithms and also to approve Bitcoin transactions. These are given transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
You will find there’s limited level of Bitcoins in circulation. Based on Blockchain, there are about 12.One million in circulation at the time of Dec. 20, 2013. The difficulty to mine Bitcoins (solve algorithms) becomes harder fat loss Bitcoins are generated, and also the maximum amount in circulation is capped at 21 million. The limit will never be reached until approximately the entire year 2140. This makes Bitcoins more significant as increasing numbers of people rely on them.
An open ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. You can now get the public ledger to make sure that transactions. This may cause a digital currency more transparent and predictable. More importantly, the transparency prevents fraud and double spending of the same Bitcoins.
A digital currency can be had through Bitcoin mining or Bitcoin exchanges.
I believe that Bitcoin will get more acceptance from the public because users usually stay anonymous while buying goods and services online, transactions fees tend to be below charge card payment networks; the public ledger is accessible by anyone, that you can use to prevent fraud; the currency supply is limited to 21 million, as well as the payment network is operated by users and miners instead of a central authority.
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