Wednesday 2 July 2014

Ready to Shop With Bitcoins: Visit Online Bitcoin Stores

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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