Pay quickly and easily worldwide.
Cryptocurrency is a revolutionary payment method based upon blockchain technology.
Through the use of encryption or cryptography, or the use of smart technology, digital currencies that are unique and divisible are created.
The transaction costs associated with cryptocurrency are very low, and transactions can be made in a matter of minutes and internationally.
It is possible to take Bitcoin anywhere
The cryptocurrency can be saved in an electronic wallet (wallet) which you can manage using your smartphone, computer or in a physical wallet (a type that is a USB stick). This is done using an instrument called the Ledger Nano S.
This wallet on hardware gives you the ability to transfer your cryptos wherever.
Another option is to store your cryptocurrency on a credit-card. TenX, the company behind it TenX is currently working on this.
The Cryptocurrency you own is yours
As long as you remember the password/password of your wallet digital, the coins are in your control and ownership , and no one other person can access it.
This is distinct from the money you deposit in an account at a bank and, legally speaking, standpoint is not yours anymore. When you deposit funds into the bank account of your choice, it becomes a creditor for the bank which manages your funds on behalf of you.
When you make transactions through using ‘your money’ the bank is an intermediary in between your and an outside person. With regard to the transactions you make, you can trust you can trust that your bank is going to carry out the transfer according to the way you planned.
It is different when it comes to cryptocurrency. You can instantly conduct business with others without the involvement of a bank or a third person. The transactions you make with cryptocurrency are peer-to-peer transactions, or those between people to others.
Banks for the non-banked
About 2 billion people in the world aren’t able to access an account at a bank. Many of these individuals do own an mobile phone.
Blockchain technology and cryptocurrencies enable individuals to conduct financial transactions using biometrics and the mobile phone, and improve their financial security.
Integrity of transactions
The trust needed to conduct the transaction using cryptocurrencies does not come from the bank or institution however, it is derived through the digital code that is associated with the particular cryptocurrency. The most frequently used phrase in the world of crypto is “trust your code”.
The trust in the code will be increased as more people utilize the blockchain in question and/or greater security assurances or encryption is integrated in the.
Sometimes the existence or the time span of a cryptocurrency is an indication of the confidence that users get by using the Blockchain.
Very high degree of privacy
To be able to make transactions with a bank, you must provide ample personal information. With cryptocurrency transactions, you don’t have to disclose personal information, and transactions are conducted without revealing your identity.
The level of anonymity and privacy varies between cryptocurrency and cryptocurrency. For instance, the cryptocurrency currencies Monero, Dash, CloakCoin and Verge are well-known for their attention to privacy.
For a secure crypto payment gateway, head on over to Coin Payment Gateway….
Transcripts can be traced 24/7
Every transaction in the blockchain is checked by an uncentralized system of nodes (called nodes) that are stamped with time as well as linked with the prior transaction, creating a chronology sequence of transactions.
The database of these repeating undisruptible and permanent transaction (also known as”the Blockchain) is continually being updated and synchronized across all devices that are part of blockchain networks.
This means it is impossible for an outside party could alter the payment, or that the recipient reverses the payment.
Anyone can always verify whether or not a transaction took place. been completed.
The transactions are able to be followed completely anonymously by all users of the block explorer or block.
You can divide it across as many crypto bank accounts as you’d like
Within your crypto wallet , you can set up as many accounts numbers or addresses as you like.
This is useful if you are deciding not to carry excessive amounts of crypto in your wallet.
If you own EUR 1000 worth Bitcoin. You can transfer this to one bitcoin account, but when you plan to pay using your smartphone, it’s important to download an application for your mobile to create a distinct bitcoin account or bitcoin address that you can transfer EUR 100 as an example.
You can then spend as much as EUR 100 in Bitcoin through on your phone.
You can also create the account number yourself to use for i.e. food, fixed costs and holidays, as well as for children.
In a nutshell, with cryptocurrency you can be the banker of your choice.
The DNA of cryptocurrencies is money.
Usually, many thousands of computers (or nodes) are part of the blockchain system, therefore there is no issue in the event that one or more devices or servers (temporarily) disappear from the blockchain.
Because of the decentralization of the blockchain system it is almost impossible for authorities from central government to interfere in or stop any blockchain-related project.
The blockchain register could be considered a form of DNA, where one server or node holds the whole blockchain.
It’s similar to the human body, in which the DNA of every cell contains the blueprint for the whole body.
We are now using new technology that are able to conduct transactions of worth with each other without the involvement of banks which are distinct that are irreversible and measurable. But there’s more. ….
Crypto provides quick and safe, transparent management of smart contracts.
Blockchain technology allows to digitally digitize almost every 3D item or service, and then store its value into the blockchain.
As an example cars, shares, or even houses can be put on the blockchain and traded through automated contract (smart contract).
In the end, the involvement of third parties like advisors, banks, and notaries is no longer required and transactions can be completed quicker and at a lower cost.
Similar applies to services like insurances, loans, or following of items.
It is possible for instance, to discover the origins and methods of processing our food products.
You can also safeguard your identity in the blockchain, and utilize it, for instance, when buying airline tickets, taking public transportation, checking in the hotel room, checking the age at which you purchase alcohol, etc.
In the end, smart contracts can be utilized to completely automate government processes, like when making tax payments and permits, granting permits, paying for subsidies, and also when conducting local or regional elections.
The benefit of using in the use of technology for blockchain by government agencies is every transaction can be tracked via the blockchain.
Everyone can clearly see what goes into the process and what is released.
In the end, the government’s apparatus will become much more transparent.
The foundation of cryptocurrency is trust
In 1944, as part of the Bretton Woods conference in 1944, in 1944, the American dollar was designated as the world’s reserve currency.
The dollar will be “as as valuable as gold” since it is secured by gold throughout the day.
Because America needed lots of funds in the 1960s to fund the Vietnam War, the moneypress was switched on.
This means that the gold price couldn’t more be held artificially low.
In 1971, the economic situation became insurmountable, which is when US President Nixon took the decision to temporarily take off the gold-backed backing of the dollar.
This temporary dissociation of the dollar’s backer by gold continues to be a problem today.
Since 1971 the money presses have been working at their maximum capacity with the proceeds (that is created from nothing) is used by governments to, among others, financing conflicts, surveillance/intelligence programs, as well as black projects.
Additionally, the amount of money as reserves from central banks has nearly doubled since the financial meltdown in 2008. (FED between 870 and 4,500 USD by 2015, and ECB from 2 milliards EUR from 2008, to 4,500 trillion EUR by 2017).
The growth in the quantity of money can not last forever. Particularly because FIAT money isn’t secured by anything other more than trust.
Unchecked expansion of FIAT money could eventually erode our economic prosperity.
The use of cryptocurrencies could be a alternative to this. It’s a form of decentralized money that is protected with blockchain technology and an ever-growing worldwide community. Additionally, the supply of money in crypto is usually increased (there are , and can be 21 million Bitcoins).
Cryptocurrencies provide a technological solution to issues with privacy as well as the non-banked, international payments, the high cost of transactions and services along with bureaucracy, electoral fraud and bureaucratic corruption. Blockchain technology can eliminate middlemen (middleman) as well as allowing users to conduct business directly worldwide and in a cost-effective method.
