While “bitcoin” is a very common term, few people really know what it is. Although it’s a trading system, it differs from the others for two main reasons. One, it includes a digital currency that can be easily transferred. However, what makes it even more unique is the fact that no bank or other official financial institution is involved. It is just an equal system that is independent չէ not accountable. Below are the most important bitcoin news և highlights.
Anonymity – If you want to make simple transactions without using your personal identity և bank account information, bitcoins make it possible. All transactions made are anonymous, except when you have no choice but to track them with you. Each transaction creates an address that is unique and will never be repeated.
Recipient privileges. Unlike other merchants, bitcoins are irreversible, you can not cancel payment after sending it. If you have to reverse the transaction, you will need the consent of the recipient. Also, the transaction takes about 10 minutes to complete, unlike other financial transactions that are processed almost immediately.
Buying luxury items. One of the main reasons for the popularity of bitcoins is that they are ideal for buying luxury goods abroad. These are the ones that are heavily taxed by the governments of these countries և the final value becomes very high. Because bitcoins do not include any government agencies, there are zero taxes that you have to pay. This, along with the already minimal transaction cost, makes it ideal to use them to buy goods from foreign countries.
Mobile wallet – One of the most popular bitcoin news was the introduction of a mobile version in addition to the computer version. This means that you can install an application on your smartphone and use it to manage your bitcoins. It also makes it easy to exchange your coins for dollars whenever you want.
Restricted Acceptance – Despite the growing use of bitcoins, you should check to see if they are accepted in the store where you want to use them. There are still some places that do not accept them as a valid, usable currency. However, it is expected that this will change soon, digital currency is easily becoming more popular.