Good Reasons to Use Crypto-Currency Bitcoin

Bitcoin is a relatively new type of currency that has just begun to invade mainstream markets.

Critics say that using bitcoins is unsafe because –

  • They have no authentic value.

  • They are not regulated.

  • They can be used for illegal transactions.

Yet all major market players talk about Bitcoins. Below are some good reasons why this cryptocurrency is worth using.

Immediate Payments – When payments are made using banks, the transaction takes a few days, while wire transfers also take a long time. On the other hand, transactions for the virtual currency Bitcoin are usually much faster.

“Zero confirmation” transactions are instant, where the merchant accepts the risk, which has not yet been approved by the Bitcoin blockchain. If the merchant requires approval, the transaction takes 10 minutes. It is much faster than any inter-banking transfer.

cheap – Credit or debit card transactions are instant, but you are charged a fee to use this privilege.

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