Announcement

Collapse
No announcement yet.

Why Use Bitcoin?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Why Use Bitcoin?

    Bitcoin was originally created as an alternative, decentralized payment method. Unlike international bank transfers at the time, it was low-cost and almost instantaneous. An added benefit for merchants (less so for users) was that it was irreversible, removing the threat of expensive charge-backs.

    However, the improvement in domestic payment methods and the rapid development of alternative (non-cryptocurrency) forms of international transfers has reduced bitcoin's advantage in this area, especially given its increasing fees and frequent network bottlenecks.

    Furthermore, the increasing oversight and regulation to prevent money laundering and illegal transactions have restricted the cryptocurrency's use for privacy reasons.Furthermore, the increasing oversight and regulation to prevent money laundering and illegal transactions have restricted the cryptocurrency's use for privacy reasons.

    read more
Working...
X