Bitcoin in e-commerce

Bitcoin – pros, and cons

admin 26 November, 2019 0

The most important advantage of cryptocurrency is the convenience of its use. As mentioned earlier, Bitcoins are not processed during the transaction by any intermediaries. With global deal based on conventional money, currency conversion generate considerable costs. In adding, transfer Bitcoins go right away to the destination account – regardless of which countries the participants take part in the transaction. Operating cryptocurrency gdax fees is extremely secure, much more reliable than transfers using classic money accounts. Despite this, there were reports of theft or loss of Bitcoins, but this is not a scale comparable to daily burglaries on traditional bank accounts. It will take a few more years to reach this barrier because currently, there is slightly more than half of the total amount in circulation. Situations of printing money, after all, known from the modern practice of states, are impossible to occur.

Bitcoin in e-commerce

At the end of the article, it is worth saying a few words about how you can use Bitcoin transactions in online commerce. You can do this using the website or application. Another thing is to place a Bitcoin micro payment module on the e-store website. To date, many such services have been created that closely resemble long-known solutions, such as PayPal. BitPay  gdax fees , BIPS, and BTC Merch are the best known. These services differ from each other, primarily in the technologies used that allow them to be effectively implemented on an e-business website. In addition, there are differences in the fees charged for each transaction. It seems that betting on Bitcoin payments in e-commerce is a bold and risky move. Waiting for things to happen is a good decision – the cryptocurrency has many weaknesses that cannot be underestimated.

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