Different methods of payment for good and services that you buy do exist and you can use any according to where you are. The benefit of having a currency is that it eases the way we do business, if there was no currency, then it would be a nightmare to do business. Individuals are coming up with easier ways to do trading activities using their own made currency because the use of the common currency poses a lot of dimerits. Bitcoins is one of the alternatives to using normal currency and this is carried out through the computer with online connection.
For the bitcoins currency, there is no regulatory body that controls how things are done as for the normal government legal tender. Just like other currency, bitcoins are rushed to carry out business activities, you can buy any kind of product via online means using this currency, bitcoins are mostly used in darknet markets where you can buy drugs or illegal arms. Bitcoins if held by for a while, they give a return on investment to you. Bitcoins exist mostly in the internet, but there is actually some tangible coins that you can feel and touch. As time passes, bitcoins are becoming preferred by most merchants.
Some of the benefits of bitcoin currency is that you are free to send it anywhere and anytime. There are no disruptiona due to for example public holidays for banks and such like things since there is no central regulatory body for bitcoins. Transparency is another benefit of this kind of currency, you cannot steal from anyone. Government interferes with everything but this is not the case for bitcoins currency.
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Carrying out transactions using bitcoins are free of charge this no additional costs for business. The merchants are free to include some costs if they want the transaction to be treated special, the more the amount you commit the higher the priority level. The perils that are involved in the use of other currency are absent in bitcoin currency, no personal information is given therefore a transaction cannot be backtracked to you.
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For the bitcoins, there is a public ledger where the customer can confirm what amount you sold a product to him and this minimizes the incidents of fraud and the like, bitcoins is therefore very secure. Another advantage of using bitcoins currency to transact is the security that it offers, for example there will be no personal details that you will need and this goes a long way in preventing identity theft. As opposed to the normal currency that is regulated by the world bank,bitcoins has none of that. Security also comes in in that you can encrypt the bitcoin currency and thus will be harder for someone else to commit theft and use it.