We offer merchant credit card accounts for companies who want to accept bitcoin on their site from other customers . We would like to let all crypto currency users find out about our services and what we could offer them.We provide a checkout solution designed to accommodate Bitcoin where customers checkout in cryptocurrency, automatically convert received payments to USD or EUR and withdraw it for your banking account.
Bitcoin (BTC) can be a new type of digital currency-with cryptographic keys-that is decentralized to a network of computers utilised by users and miners worldwide and isn’t controlled by a single organization or government. It 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 will use digital currency to purchase products or services online plus in some physical stores that accept it as being a kind 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 does not 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 through the internet without going through a clearing house. Which means that transaction fees less complicated lower.
Bitcoin is created via a process called “Bitcoin mining”. Miners worldwide use mining software and computers to unravel complex bitcoin algorithms and to approve Bitcoin transactions. They are given transaction fees and new Bitcoins produced by solving Bitcoin algorithms.
You will find there’s limited amount of Bitcoins in circulation. Based on Blockchain, there was about 12.A million in circulation as of Dec. 20, 2013. The problem to mine Bitcoins (solve algorithms) becomes harder as increasing numbers of Bitcoins are generated, and the maximum amount in circulation is capped at 21 million. The limit will not be reached until approximately the season 2140. This makes Bitcoins more significant fat loss people rely on them.
An open ledger called ‘Blockchain’ records all Bitcoin transactions and shows each Bitcoin owner’s respective holdings. Anyone can access the public ledger to ensure transactions. This will make 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 grow in acceptance in the public because users can remain anonymous while buying services and goods online, transactions fees less complicated under bank card payment networks; the population ledger is offered by anyone, which can be used to stop fraud; the currency supply is capped at 21 million, along with the payment network is operated by users and miners instead of a central authority.
For details about merchant account for bitcoin please visit webpage: check here.