Our company offers merchant services for businesses who would like to accept bitcoin online using their customers . We would like to let all crypto currency users be familiar with our services along with what we could 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) can be a new type of digital currency-with cryptographic keys-that is decentralized with a network of computers utilized by users and miners worldwide and isn’t controlled with a single organization or government. It is the first digital cryptocurrency that has gained the public’s attention which is accepted by way of a growing number of merchants. Like other currencies, users can use a digital currency to purchase goods and services online plus some physical stores that accept becoming a form of payment. Currency traders could also 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 around the globe. The currency is anonymously transferred directly between users on the internet without dealing with a clearing house. Which means transaction fees less complicated lower.
Bitcoin is created by having a process called “Bitcoin mining”. Miners all over the world use mining software and computers to unravel complex bitcoin algorithms and to approve Bitcoin transactions. They may be given transaction fees and new Bitcoins generated from solving Bitcoin algorithms.
There’s a limited volume of Bitcoins in circulation. In accordance with Blockchain, there was about 12.1 million in circulation since Dec. 20, 2013. The actual to mine Bitcoins (solve algorithms) becomes harder as increasing numbers of Bitcoins are generated, and also the maximum amount in circulation is limited to 21 million. The limit will not be reached until approximately the year 2140. As a result Bitcoins more significant as more people rely on them.
An open ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Everyone can get the public ledger to verify transactions. This will make digital currency more transparent and predictable. More importantly, the transparency prevents fraud and double spending of the same Bitcoins.
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 stay anonymous while buying goods and services online, transactions fees are much under credit card payment networks; the general public ledger is available by anyone, which you can use to stop fraud; the currency supply is capped at 21 million, and also the payment network is operated by users and miners rather than central authority.
For more info about bitcoin merchant services take a look at our new web page.