Credit cards
pretty much took the fashion of paying with cash out of street. Everyone from
the age of 19 to 75 uses credit card to shop: online or offline. How about a
payment method that doesn’t even require you to carry a credit card? Bitcoin
is the latest currency ruling the online blogosphere and its popularity
is increasing manifolds every day.
What is Bitcoin?
For those of you
who haven’t had the time to scroll over internet or look out for technical news
on Internet, bitcoin is a decentralized digital currency that does not require
approval from banks. It was created by Satoshi Nakamoto in 2009 and it was
developed as a peer-to-peer payment method.
The best thing
about bitcoin is that anyone can use it and it has a public design. Above all,
no body controls bitcoin unlike the traditional currency. You can send bitcoin
with your Smartphone and it eliminates the need of credit cards or cash. According
to the latest information, the overall circulation of Bitcoin exceeded USD $1.5
Billion and it stands at a value of $650/bitcoin.
·
Bitcoin offer freedom from
traditional payment methods.
·
Bitcoin do not contain personal
information, so more ID fraud.
·
The transaction fees is
comparatively low in bitcoin and allows merchants to expand to any market.
·
Bitcoin offers a neutral system
of money management and complete transparency.
Bitcoin Shop Increasing Everyday
Bitcoin is
continuously gaining worldwide acceptance and it is quite common to spot a
Bitcoin shop every now or then. If you are planning to purchase and using this
digital currency, you can use it over the internet or track offline merchants
in your area.
·
Ecommerce sites: Overstock is the
biggest ecommerce site to accept Bitcoin for payments and it serves products in
over 100 countries. You can buy anything starting form furniture to a gadget or
even jewelry from this website. In addition to it, there are more than a dozen
ecommerce platforms accepting Bitcoin for payment.
·
Buy Bitcoin Gift cards: In addition to
the ecommerce sites, you can use Bitcoin to purchase gift cards for each store
including Walmart and even Amazon. It allows you to use your digital currency
in your day-to-day life.
·
Offline store using Bitcoin: Hundreds of
establishments throughout the globe that accept Bitcoin and you can even find
their acceptance message outside the premises. Online directories offer list of
stores that accept Bitcoin for physical goods.
·
Bitcoin trading: After gaining
popularity, Bitcoin has maintained its premium status, which is quite evident
from the regular Bitcoin trading transactions. Millions of dollars are paid
each day to acquire Bitcoins by customers and if you are into trading, you
might just end up making the best deal of your trading career.
How can small retailers use Bitcoin?
The best thing
is every small retailer can transform into Bitcoin shop with the help of online
merchant services. You can register with one of the Bitcoin online registrants
and get a Bitpay account for your shop. It is quite similar to using PayPal and
you will do it with a fraction of the fees.
With the
increasing popularity of Bitcoin, it makes perfect sense to use it for your
shop. Join Bitcoin and become a part of the modern currency revolution.
This article for
bitroad.co.uk under the title Ready to Shop
with Bitcoins. Hope this article will be helpful for our clients to
understand about bitcoin trade.
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