We offer a merchant account for companies who wish to accept bitcoin on their website from their customers . You want to let all crypto currency users find out about our services along with what we are able to offer them.Our company offers a checkout solution meant to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it on your bank-account.
Bitcoin (BTC) is a new kind of digital currency-with cryptographic keys-that is decentralized with a network of computers used by users and miners all over the world and isn’t controlled by the single organization or government. Oahu is the first digital cryptocurrency containing gained the public’s attention which is accepted with a growing number of merchants. Like other currencies, users are able to use the digital currency to get products and services online along with some physical stores that accept it as being a form of payment. Currency traders also can trade Bitcoins in Bitcoin exchanges.
There are several 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 worldwide. 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 by way of a process called “Bitcoin mining”. Miners around the globe use mining software and computers to unravel complex bitcoin algorithms also to approve Bitcoin transactions. They may be graced with transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
There’s a limited amount of Bitcoins in circulation. According to Blockchain, there was about 12.One million in circulation as of Dec. 20, 2013. The problem to mine Bitcoins (solve algorithms) becomes harder weight loss Bitcoins are generated, as well as the maximum amount in circulation is capped at 21 million. The limit will not be reached until approximately the season 2140. This may cause Bitcoins worth more as more people make use of them.
A public ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. You can now connect to the public ledger to verify transactions. This will make the digital currency more transparent and predictable. Most importantly, the transparency prevents fraud and double spending of the same Bitcoins.
Digital currency can be acquired through Bitcoin mining or Bitcoin exchanges.
I believe that Bitcoin will gain more acceptance from the public because users usually stay anonymous while buying services and goods online, transactions fees less complicated lower than bank card payment networks; the population ledger is offered by anyone, which can be employed to avoid fraud; the currency supply is capped at 21 million, and the payment network is run by users and miners instead of a central authority.
For details about best bitcoin merchant services please visit resource: visit here.