Bitcoin is a new revolution of technology and people have already started supporting Bitcoin and it will not be wrong to say that they have immense faith in Bitcoin. Now, you people may think that why am I saying that? The reason is pretty simple. Bitcoin is a ray of hope for people, a golden opportunity to become immensely rich!
The value of Bitcoin is highly volatile and unstable. So, you never know that when the value of Bitcoin jumps up making you immensely rich.
Still, many people may be thinking that why people are going so crazy and are so unique about Bitcoin!
So, this article is here to clear all your confusions and provide you with a straight-up answer.
So, sit back and keep reading!
Why people like Bitcoin?
Sending money takes just a fraction of minutes regardless of the distance and amount.
You can send bitcoins to any part of the world. Just like internet bitcoins is borderless and it has no limitations. So, the guarantee of respecting the freedom of the users makes Bitcoin the first global currency and this one of the major reasons why people like Bitcoin.
No central power
Unlike government-backed paper currency, Bitcoins is not controlled by any central source of power and is completely free from any kind of restrictions and control of the governmental bodies and banks.
The Bitcoin that you have earned or received is completely yours! The money belongs to you; it cannot be intervened with by anyone, there are no corrals or accounts that can be frozen. With Bitcoin, you can be your bank.
Bitcoin is programmable money!
Bitcoin is so very easy and implement and lends itself to the programs easily. It allows it’s users to create the pieces of code and that will be executed in each transaction. This is a kind of new revolution of technology that allows all the programmers to monetize all kinds of services. the payments between the autonomous machines are made possible, by simplifying complex and slow manual processes.
Bitcoin is very much transparent and also it’s transactions are public which can be seen under pseudonyms in the form of a Bitcoin address.
Apart from that anyone can reveal their Bitcoin address and can show with absolute transparency where it all goes up to the last cent.
Why does the corporate world like Bitcoins?
The thing that the corporate world and businessmen like about Bitcoin is that unlike credit cards, the payment made in bitcoins cannot be reversed. Like in banks, anyone can make the payments and afterward claim that it was not him/her.
Apart from that, you will be amazed to know that many of the firms offer a discount if the customers pay in Bitcoin.
So, let me tell you the reasons for the love affair between the corporate world and Bitcoin!
No chance of fraud
The businessman no longer needs to put extra costs by multiple variable credit card scams to the price of its product.
Apart from that, you get a discount by paying in bitcoins which is so great.
No theft risk
No one can access your money without your consent, as already told about above that your bitcoins are strictly yours and no other person has access to it.
No human error at all
Unlike government-backed paper currency, there will be no errors while bitcoins transactions are made. Bitcoins payment is done error-free and automatically.
The best part is that there are no returns or chargeback kind of fraud that gets on the nerves of businessmen.