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February 04, 2014, 04:03:00 AM |
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Bitcoin is often cited as an unstable digital currency , there was support for it was not good. However , the real value of bitcoins as a payment technology is that it could potentially bring revolution to the traditional payment industry . Bitcoin to businesses and individuals have provided an extremely cost-effective payment system. Value can not be by passing sensitive information on the transfer of sensitive information and these crimes are likely to be used , in addition, in this system, companies can avoid paying high transaction costs. However, while accompanied by the emergence of bitcoin people applauded , but it also faces staggering obstacles. The latest report from BI Intelligence can be learned , how Bitcoin works, when it was converted into the national currency Bitcoin , and bitcoin is When will this take to e-wallet receiver. Report looks at the key advantages of bitcoin currency other than the traditional , but also found the challenge of bitcoins as payment networks face. The following is a summary of key parts of the report : Need to give an easy to understand explanation of bitcoins as a payment system is how it works , including reciprocal links anatomy, as well as Bitcoin Bitcoin transactions. Authors believe that the greatest potential for Bitcoin is that it is a global payments network . Unlike other government-backed currency , Bitcoin has made the maximum amount - 21 million . But every Bitcoin can be divided into 100 million , this feature can allow bitcoins as a payment technology to reach a larger scale. The average daily trading volume of Bitcoin only $ 89 million , while Visa card daily average trading volume of $ 16.5 billion , MasterCard (MasterCard) average daily trading volume of $ 98 billion . In short, Bitcoin allows a simple and secure online transactions , eliminating the need for intermediaries. This is thanks to the help of many participants Bitcoin ecosystem , including bitcoin trading center Bitcoin and Bitcoin miners wallet . Bitcoin third party payment processor already put to use to address price volatility and the length of time and other loopholes that allow companies Bitcoin transactions processed immediately and avoid exchange risk. However , Bitcoin is also facing other great threats, including vulnerabilities and laws. And now, too much power concentrated in a few hands bitcoin miners and their mining bitcoin will have more weakness. Even with these obstacles , the authors believe that Bitcoin Compared demonstrated efficient and low-cost features traditional payment instruments that can eventually allowed to attract businessmen , corporate and b2b applications.
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