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Bit pay accept bitcoin payments

Bit pay merchants are now accepting Bitcoin cash payments from now. Bit pay merchants including Zynga, Microsoft and virgin galactic to name a few, have started accepting bitcoin. They are not only entertaining the payments process but also all of the services in its full integration. The merchant crypto payment processor Bit pay has introduced these services free from

  • volatility,
  • fraud and
  • charge backs.

The processor offered by Bit pay not only fully integrate the services offered but also let you choose the currency you desire. You can either choose your local currency or bitcoins. Or if you are the market bull you can also choose both at the same time. Despite what currency you choose, there are guarantee exchange rates provided. This enables you to feel fully secure and confident about your choice and decisions.

So, no matter what Bit pay payment you choose, it will all be paid in cryptocurrency. Keeping it a safe and secure payment friendly blockchain as it claims. It also claims to remove, or at least minimize the block chain payments from clients around the world.

Bit pay has claimed to bear all the fluctuations bearing on your bitcoins deposited. All the dollars and pound you earn will rest with you, and all the fluctuated figures will be handled by the bit pay.

Another potential opportunity bit pay has given is the introduction of e-commerce. Users can generally buy a number of items indirectly with bitcoin cash. These e-commerce plug ins include

  • Shopify,
  • WordPress,
  • Magento, to name a few in general.

Bit pay aids to help not only support and comfort the users but also to make it easier and user-friendly for them too. Through this integration process, it has made it simple and effortless for a lot of blooming small internet businesses.

It aids in interaction with all of the consumer wallets to provide smooth and satisfying experience for every user. The aim is to facilitate every operator in their blockchain comfortable transitions, providing them with the possible conducts that suit their ways.

Bit pay has provided the handlers with in-person solutions. Keeping in mind that every individual has their own set needs and comfort levels for the transactions and results they opt for.

The transactions and procedures are user-friendly and easily understandable. The process has been designed in a simple way so everyone gets hands on it. The basic pattern is very similar to the bitcoin makes it more approachable and familiar to the users.

But what if the company sends you an invoice in your email? Bit pay has got you covered there too. The invoice can be redirected to the bit pay and can be chargebacks paid off with no hustle. There has been a great support and appreciation from the crypto community about the whole thought process and the mechanism in how this works.

So, what are you waiting for? Just go to bit pay and click ‘Accept Bitcoin plugin Are you ready to accept bitcoin? We are!

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Bitcoin Averted a Split – What’s Next?

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The Bitcoin development community is embracing a software upgrade which is known as SegWit. The purpose of SegWit is to increase the transaction capacity of the network and to avoid a split which possible in the cryptocurrency. As Bitcoin averted a split and here is what some proponents have to say about “What’s next for Bitcoin”.

Adam White:

The head of Digital currency exchange ‘GDAX’, Adam White said, we are going to experience a better utility of the network. People can use Bitcoin as a source to transfer money more easily, more cheaply, and more quickly. It’ll attract the new users to the network.

There’ll possibly open blockchains like Bitcoin as we’re going forward, and that will be slow or conservative progression. But there’ll be other blockchains as Ethereum which may move much rapidly and it’ll introduce a larger platform for developers to lead it at the top. According to Adam White, both things will balance each other, not compete.

Elizbeth Stark:

According to the head of startup Lightning Labs, Bitcoin does not have Turning-Complete language as Ethereum, but there are some new amazing factors which will enable to do so when SegWit will implement. She gave few examples as:

  • Small transaction as less than 1 cent, which may replace “ad networks”.
  • Instant-transaction confirmation in milliseconds.
  • Bitcoin can get a lot of its own ICOs.

Matthew Werner:

The head of payments engineering at Coinbase describes that it is a beneficial step for Bitcoin. There were a lot of queries about a Split but reaching a consensus for how to scale the Bitcoin further is obviously a huge step. Allowing things like Lighting Network and activating SegWit will be a great thing. By expanding the block size, we’ll be able to increase the number of users on a network. The element BIP91 came through and it’s a good signal because everyone wants to grow this network further.

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Who Are The Top 5 Bitcoin Millionaires?

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Who Are The Top 5 Bitcoin Millionaires

Bitcoin is the king of cryptocurrency and one of the most valuable entities in the financial world. The currency is truly taking a place among economies worldwide. This has led everyone wanting to know about the tycoons of the industry.

By tycoons, we mean the people that have reached the millionaire club in the bitcoin world. They did not do it overnight, it took them years of planning, investment, trading, purchasing, and mining the cryptocurrency.

The actual number of bitcoin millionaires is unknown. This is because the crypto is stored in virtual wallets. While these wallets and the amount contained within is public knowledge, the people who own them are protected. Besides, a single bitcoin user can own multiple wallets, so it is impossible to determine the actual number of users of Bitcoin.

List of Top Bitcoin Millionaires:

Here are the top 5 Bitcoin Millionaires.

Jared Kenna:

Who Are The Top Bitcoin Millionaires

The first ever purchase of Jared Kenna was a batch of $0.20 apiece. He later sold them for $258 apiece. Smart move! In 2010, he also lost $200k in Bitcoin but that did not stand in the way of him to continue his Bitcoin adventure. Jared Kenna is considered to be the richest but he refuses to disclose his real worth.

Winklevoss Twins:

Who Are The Top Bitcoin Millionaires

The Winklevoss twins, who are also Facebook litigants joined the Bitcoin millionaire club long before the crypto was popular. According to the New York times, the twins have racked up around 11 million from their investments and are one of the top Bitcoin investors out there.

Charlie Shrem:

Who Are The Top Bitcoin Millionaires

Charlie Shrem came across Bitcoin in 2011. His first purchase was a batch that cost $3-4 apiece. He later went on to buy a thousand more when they hit $20 apiece. Charlie Shrem also owns a company ‘BitInstant’ that allows people to buy Bitcoin in a physical store.

Roger Ver:

Who Are The Top Bitcoin Millionaires

Ver started investing in bitcoin in 2011. His first ever investment was in Charlie Shrem’s BitInstant. The investment enabled the company to hire their first programmer and a designer. The other significant investments of Roger Ver are:

  • Ripple
  • info
  • Kraken

Yifu Guo:

Who Are The Top Bitcoin Millionaires

Yifu Guo made his first bitcoin investment when he was a student at the New York University. Then he went on to form Avalon – a company which is responsible for building necessary gear required for bitcoin mining. Guo’s goal is to raise awareness among the common folk about bitcoin and ensure network availability over the long period of time.

Final Word:

These are some top millionaires of Bitcoin world. There are more, but mentioning them all is out of bounds. This is because some choose not to disclose their identity while the others – their assets. So, it’s extremely hard to compile a full fledge list.

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The Future of Bitcoin

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The future of bitcoin

The world today has reached at fairly modern-day monetary practice by now. Making its way through the barter system, and from coins to paper. So, where are at today? What is the next step? The answer is – Bitcoin.

Challenging and confronting all the monetary compulsions of the world, Bitcoin came into flow around 2009. Introduced by a pseudonym, Satoshi Nakamoto this peer-to-peer system started making the news by 2013. Its distinctive architecture makes it ‘mining’ more resource intensive gradually during the time. The main unique feature linked to this cryptocurrency is that the total production of bitcoin will be limited to 21 million. This number can not be exceeded at any time.

The value of Bitcoin has been behaving volatile since ever, but the extreme volatility has been seen since 2015-2016. After a China-led spree, there was again a sudden up thrust in the value of the currency, making headlines of another outbreak, reaching its highest value. But this vertigo doesn’t seem to stay steady at any margin.

Backbone of Bitcoin

Blockchain technology- the most hyped one, is the backbone of the system. It is a foundational technology which has the legitimate potential to change the world. And without a doubt, it can create new foundations for our systems in social and economic circles. This may seem like the ‘tulip fever’ in the 17th century to a lot of onlookers, but the bubble doesn’t seem to burst anytime soon.

Bitcoins are only generated by the process called ‘mining’. These transactions are compiled into blocks and participants are given mathematical puzzles to solve. The one who solves the problem first, is awarded with Bitcoins in exchange for services. Sounds easy? Not really!

These bitcoins are stored in a digital wallet that is somewhat our bank accounts. These wallets can be installed on our computers or cell phones. All the transactions performed are stored in the blockchain. It works as a public ledger. The transactions must be verified by the network in order to work. This network is architected substantially in an algorithm that generates the high level of security, so no other user can spend your funds.

The Blockchain is like digitized, secure ledger which stores every information and runs this disintegrated system. Bitcoin relies on Blockchain to perform and conduct every transaction.

What does the future hold for bitcoin?

So, what’s next it has in store for us? As unpredictable as these nine years, the future of these Bitcoins will remain the in same vertigo. It has been tied to nothing but algorithms and falls under no influence.

Bitcoin has so many advantages to being just wiped off or not to be accounted for by any time in near future. It has already made itself interlinked with some big economies and is here to stay with the same fluctuating nature.

These cryptocurrencies may have possibly bypassed the rules of traditional monetary and financial systems but there still are many limitations in the system.

In order to reduce these, there has been made an e-shop where you can spend your digital currency. The portal allows consumers to buy products using bitcoins.

The financial system legacy has served us long without giving much room to more. A mere chance given to the cryptocurrency revolution without government interfering will harm no one. Except there will be less power resting with the government that they are used to of practicing.

Countries that have weak currencies oppose greatly of this system and are planning to ban the digital money completely. But it’s not stopping the consumers adopting and accepting this new change and development. It definitely has the ability to change the financial pipping of the world. But whatever the argument may sit or face, despite the fluctuating price of this system nothing is certain for sure.

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