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A Brief Introduction To Crypto Currency And Bitcoin

The World Wide Web has bought many positive changes in our lives and there are many technologies that would have not existed without it. E-commerce is one of them, which has changed the face of modern markets and made it possible to sell and buy products online. E-commerce is the business domain in which companies are engaged in selling products and services through computer networks like internet. E-commerce industry made online shopping a reality for innumerable consumers, who don’t want to visit physical stores for buying their needs. Now you can buy anything and everything with just a click. From online travel reservations to apparels and domestic commodities, there is nothing that you will not get on World Wide Web.

Crypto Currency

Payment system has always been a major obstacle in the growth of the E-commerce industry. Online payment systems are mostly not very secure and there have been many cyber crimes where customers have lost considerable amount of money. Therefore people hesitate from risking their valuable money in online shopping. Crypto currency was introduced in the E-commerce industry in order to deal with this obstruction. Satoshi Nakamoto invented the first crypto currency in the year 2009 and named it Bitcoin, which revolutionized the payment system of E-commerce world by making it more secure and convenient. Bitcoin is still ruling the business world, even after the invention of various types of crypto currencies. Nowadays most of the E-commerce industry giants accept online payment in Bitcoin only. best crypto payment gateway

Bitcoin

Bitcoin is a digital currency which was invented for online monetary exchange and is an important part of E-commerce industry. The records of money transactions in this payment system are reserved in public ledger in Bitcoin, which is the official unit. It was introduced in the E-Commerce world with the intent of making the online payment systems more secure and convenient in order to attract more potential consumer and make better profits.

In case you still rely on the traditional online payment systems in your business, then I would recommend you to opt for Bitcoin instead. This online payment system is not just secure but is also quite money-spinning for your business. The charges levied for processing the payment by banks is mostly high and this reduces the profit you earn through business deals. This online payment system does not levy any processing charges and there is a very negligible amount that you will have to pay as membership fees.

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