Digital currency is getting a prominent place among the business transactions and some businesses are accepting the payment in the form of bit coins. This is a good sign for the future of the crypto currencies and the tend year old bit coin has made it finally. Now you can buy a car with the help of bit coin. This is the reason why bitcoin price is revolving around the ten thousand dollar mark.
Why use bitcoin?
- There is a great possibility to buy bitcoin without involvement of fraud. The bitcoin price will be directly visible to the buyer and everything is transparent. You can easily purchase the bitcoin without providing any important financial information. So the bitcoin offers a private purchase for the people, thus making it as a unique choice.
- The transaction charges is very low compared to the conventional currencies. When you are transacting huge amount of money throughbitcoin, the transactioncharges will be less than one percent.
- The most important advantage of using the bitcoin is because it can withstand the effects of inflation. So it has dual purpose of acting as a transaction medium and at the same time has the ability to prove as an asset.
- There is no central agency to monitor the transactions carried out using bitcoin. This is a great advantage to people who need escape tax net of the government authorities. In addition, this privacy will provide way for free flow of money into various fields thus improving economy on the whole.