Bitcoins: Digital Currency

Bitcoin is an easily transferable Internet currency that is perfect for developers, businesses and individuals alike. It uses super-secure technology to track all transactions, and users exchange it for goods, services and non-commercial transactions.

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Highlights of using Bitcoins:

  • Lowest cost for transactions
    • Because the cost of using Bitcoins is very low, even for micro-transactions, developers can create on-line services that didn’t make sense before because of the high cost of transactions.
  • Bitcoin address to track invoices
    • Creating and tracking invoices can be a time-consuming process; Bitcoin allows you to create as many addresses as you like, allowing you to track the payment via the address, rather than an invoice.
  • Simple payment system
    • Payments can be made by adding a link on your website; perfect for donations, this type of payment is easily accessible for many users.
  • Third party APIs
    • If you feel uncomfortable keeping the Bitcoins on your server, there are many APIs to choose from. You can also convert your Bitcoins into local currency at very competitive rates.
  • Instant transactions and confirmations
    • PayPal can be frustrating, as it takes a few days to set up an account; with e-transfers, the time can be lengthy as well. Bitcoin transactions are instantaneous and confirmations happen in real time as well.

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