Bitcoin vs. Fiat Currency



Bitcoin is a decentralized, anonymous, digital-only currency that's lately gotten a lot of public attention. Bitcoin payments are designed to resemble cash transactions more than credit-card transactions. Bitcoin payments have no disallowed merchant category codes (MCCs), no selective payment embargoes, no chargebacks and near immediacy of final transaction confirmation. Accepting the digital Bitcoin currency as a payment method allows merchants to reach customers in over 60 countries not supported by PayPal. It also allows merchants to reach various countries that are restricted by Visa and MasterCard for high fraud or lack of infrastructure. A consumer transacting in bitcoins needs only a mobile phone application or an Internet connection.

Comments

  1. The FED needs to start burning QE money. Failure of the central bank will not be tolerated by a free people.
  2. I really wonder what 1.0 BTC would be worth in 2020... with the limited supply it could be virtually any amount of money up to in the millions. Maybe channelowner has an idea on this ?
  3. Bitcoin Long, Bitcoin Strong!


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Duration: 9m 32s

Rating: 19