Internet inventions have led to the development of payment systems over the years. It only takes a few minutes for cryptocurrency transaction to be confirmed, while in the banks, payment can even take days. This speed enables retailers to check the transaction before the delivery of the services or the merchandise/goods. The fact that bit money transaction are irreversible helps users avoid the risk of change- back fraud except if the seller comes to an agreement with the customer, this is an added advantage to bit money users.
Problems Bit Money will Solve
Although Virtual currency is associated with negatives aspects such as; drug trade, illegal money, terrorism, system hacking and dual payments. It’s a risk that brings uncertainties to cryptocurrency users and therefore bit money has come up with precaution measures to reduce and eliminate these criminal activities to ensure the restoration of the user’s confidence. Bit money uses a decentralized platform that ensures that the data stored is secure. Also, the technology ensures that there is a secure transaction that uses sophisticated passwords that scammers or hackers cannot be able to access.
Cryptocurrency companies can make it a requirement for users to record their identity to the state this would limit the anonymity of users which is not the case in other cryptocurrencies. These would eliminate uncertainties associated with cryptocurrency. There is the need for firms to break the decentralization rule by making cryptocurrency national with a central control point and a safe mining procedure. This will attract users using other cryptocurrency services to the best crypo, since user's will depend on government assurance on the valid transactions and this will help avoid losing money to fraudsters.
CONCLUSION
Cryptocurrency has made it easy for businesses to transact easily and quickly around the world, but users need to take caution and gauge the pros and cons before getting into cryptocurrency. Each and every investing company must gauge the cryptocurrency firms in the market according to their security, safety, rewards and their storage of data. Bit money is one of the best choices in cryptocurrency as it ensures the users safety and it ensures customers satisfaction.
For more information, you can visit the platforms below:
Website : https://getbitmoney.us/
ANN Thread : https://bitcointalk.org/index.php?topic=4701011
Telegram : https://t.me/bit_money_official
Disputes : https://discord.me/getbitmoney
Facebook : https://facebook.com/getbitmoney
Twitter : https://twitter.com/getbitmoney
Purse : https://getbitmoney.us/wallets.html
GitHub : https://github.com/bitmoneygroup/bitmoney
Road map: https://getbitmoney.us/#roadmap
Whitepaper: https://getbitmoney.us/whitepaper.html
explorer: http://173.199.119.128:7777/
Author: gitagiajose
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2303447