Good Reasons to Use Crypto-Currency Bitcoin
Bitcoin is a comparatively new type of currency that has just started to strike the mainstream markets. Critics state that using Bitcoins is unsafe because - They have no authentic value They are not regulated They can be used to make illegal transactions Still all the major market players talk about Bitcoins. Below are some good reasons why it is worth using this crypto currency. Quick payments - When payments are made by using banks, the transaction takes some days, similarly wire transfers also take a long time. On the other hand, virtual currency Bitcoin transactions are generally more rapid. "Zero-confirmation" transactions are instantaneous, where the merchant accepts the risk, which is still not approved by Bitcoin block-chain. If the merchant needs an approval, then the transaction takes 10 minutes. This is much more rapid than any inter-banking transfer. Inexpensive - Credit or debit card transactions are instant, but you are charged a fee for using this privilege.