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The currently available technologies for blockchain payments solution that allow companies to accept cryptocurrencies as a payment for transactions and therefore expand payment options outside of traditional payments such as credit cards and wire transfers are various in the marketplace with some large scale companies and major banks already adopting the blockchain to resolve payments faster and cheaper.
Transactions of the form payer X sends Y Bitcoins to payee Z are broadcast to this network using readily available software applications. Bitcoin is a decentralized electronic payment system and on open-source digital currency created in 2009 by Satochi Nakamoto, to ensure the protection of investments and the free financing by business without calling on financial institutions and outside any constraints and regulations. It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block of the chain. A network of communicating nodes running Bitcoin software maintains the blockchain. Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. The Bitcoin blockchain is a public ledger that records Bitcoin transactions.
With Bitcoin merchant you can process and issue invoices yourself or you can use the services of a trader and receive directly you country value or Bitcoins. You could make a Bitcoin payment for everything you want in just few minutes. Why to choose a Bitocin payment processor? Is easy, we don't ask you any personal data and you don't need to do any account. Most stores and outlets use a tablet or mobile phone to allow customers to pay through wallets on their mobile phones.
Bitcoins can be saved on a personal computer as a wallet or stored with a third-party wallet service, and in both cases Bitcoins can be sent via the Internet to anyone with a Bitcoin address. Bitcoin is one of the first implementations of the concept called cryptocurrency, first described in 1998 by Wei Dai on the Cyperpunk mailing list. The construction of the Bitcoin allows anonymous ownership and transfer. Peer-to-peer topology and the lack of a central service make it unfeasible as an authority, a government, etc. manipulate the value of Bitcoin or introduce inflation by producing them.
For example, a Bitcoin merchant processes a credit card transaction and a company gets paid minus the processing fee shared between the credit card company and the processor. A relatively new, high-risk industry, finding the right banking partner for your Bitcoin merchant account can be challenging. But Bitcoin merchants are hesitant to accept payments with blockchain based cryptocurrencies such as Bitcoin because of both market fluctuations and the risk related to fraud and money laundering. A global leader in merchant services Instabill is a Bitcoin merchant with high-quality internet merchant account services at extremely competitive rates. A Bitcoin merchant is a company that authorizes payments on behalf of individuals to companies.