Why Use Bitcoin? The Benefits of Digital Currencies
Why Use Bitcoin?
Bitcoin is a digital currency that adds a number of benefits, and innovative utilities to personal financial management. Incorporation of the block chain & cryptographic verification’s create a transparent system in which users connect, without reliance on third party services. Bitcoin & supporting technology provides an opportunity to manage personal accounts and transactions with total control, absent of traditional limitations, fees and wait times.
Transparency
Lack of transparency within the financial system is a thing of the past! Each Bitcoin transaction is listed with an ID, and published for anyone to view on blockchain.info. This helps ensure Bitcoin wallets and transactions are 100% transparent for those who wish to see transactions.
Save On Daily Expenditures
Bitcoin payments add convenience to daily expenditures. Bitcoin wallet storage is designed with the end user in mind, incorporating varying levels of security and convenience. Shopping, bill payments, employee payroll, whatever the utility, Bitcoin provides a simple alternative for quick and convenient daily expenditures.
Discover a variety of retailers offering rewards and unique incentives exclusive to Bitcoin transactions. Upon checkout, Bitcoin payments bypass traditional sign up forms and personal identification required for traditional financial transactions. Save time on filing out forms, protect your identity by reducing identity required service sign ups, and hold your currency in a wallet that works for you 24 hours a day, 7 days a week.
No Preferential Treatment
Bitcoin is a decentralized currency, not controlled by any central entity. Predetermined algorithms guide its functionality, and ensure a transparent, familiar method of value exchange. Bitcoin holders enjoy the freedom of understanding inflation and each have access to real time statistics. No matter the income level, social class, or geographic location, everyone with an internet connection enjoys equal access to a wallet or account, trading platforms, 24/7 transactions, and ability to build upon technologies supporting the ecosystem.
Global Transfers, Anytime, Anywhere
Global exchange typically requires a service to facilitate a transaction. Bitcoin users gain access to global exchange without reliance on third party services. From the seat of your home, conduct international monetary transfers from wallet to wallet.
Enhance your travel experience by using one familiar currency in multiple continents. Upon exchange, don’t worry about operating hours, trade Bitcoins back to your national currency around the clock.
No Fees, No Limits
Recall a recent occasion you wished to send a friend a few dollars. Bank fees and wait times put a damper on what appears to be a simple transaction. Bitcoin transfers have no discretion. Regardless of transfer size, Bitcoin can be sent globally for a fraction of the rates charged by financial institutions. Bitcoin enables the ability to send and receive $2,000,000.00 with the same rate and simplicity as a $2.00 transaction.
Sharing Accounts & Building Trust
Welcome to a world in which shared accounts provide both parties a piece of the total control. Use Bitcoin’s multiple private keys to disperse control of a Bitcoin wallet across multiple parties, requiring a specific number of verification’s for access to funds. This tool comes in handy when building trust with new social networks, associates and partners.
May 17, 2015
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