With the advent of technology, our lifestyle and preferences are changing already. Every aspect of our modern lives is fast and digitally integrated. Technology facilitates effortless living. Cryptocurrency deals with one such aspect of our lives, which is indispensable.
Online wallets, debit and credit cards have effectively replaced traditional banking transactions. However, banking and governmental interferences and transactional cost are still valid features of such transactions. Cryptocurrencies, say the digital currencies aim at solve these issues. Bitcoin remains the most popular cryptocurrency,Bitcoins and its version White bitcoin aims at reducing such transactional costs offer security and improve efficiency of online payments.
Let us now discuss the need for all of us (including you) to take on cryptocurrency as the primary source of payment –
Complete control–Whitebitcoin and all other cryptocurrencies can move your money around from one user to another without the interference of banks. You can sell or purchase something without authorization from anyone.
Say No to Banking Fees – Banks are at the heart of all commercial transactions. They have more leverage over people’s business, and that is why they charge banking fees for various services. White bitcoin allows you to conduct business without the hassles of overdraft charges, minimum balance requirements, maximum drawings, etc. In short – No intermediary between the buyer and the seller will facilitate reduced costs of exchanging goods and services.
International Transactions –Bitcoins and Whitebitcoin can not only facilitate trade and commerce at home but can speed up international exchanges. Usually, banks charge fees for international purchases and sales. With White bitcoin, you can buy and sell without paying a dime extra to intermediaries. Cryptocurrency is faster, too, because you don’t have to wait for any authorization whatsoever! However, there are meager transactional fees applicable (but nothing to the bank).
Security of transaction – People prefer use of bitcoins and other cryptocurrencies because of the security reason. You are the owner of your money, and you can use it anywhere you want to use. Since, White bitcoin work on blockchain model, the control is with the network and not with any one authority. So, it’s safe and you are in full control of your money.
Anonymity of transactions – Digital payments through cryptocurrency is even more secure than the other online payments. Although the transactions can be viewed by public but it’s quite encrypted so your personal details cannot be leaked. The fun fact about cryptocurrencies is that every new purchase creates a bitcoin address. However, that does not mean your transactions are completely untraceable, user identification is bit difficult.
White bitcoins uses the blockchain system of storing information. These blocks of data are all joined in a massive link to each other. You can save thousands of transactions every block. Moreover, there are no chances of making counterfeit or fake currency bills.
Since the entire system is decentralized, there is no need to seek permission from anyone to operate. White bitcoins transactions drive their security from private and public keys generated automatically using mathematical algorithms and are entirely encrypted.
The public key is like the address where any cryptocurrency peer can send you “bitcoins” as their payment. You can access the money by simply entering the block of information using your private key, which is just like using your ATM card. Easy and hassle-free exchange of cash throughout the world and across fields without the necessity of a banking partner.
To know more about WhiteBitcoin click https://www.whitebitcoin.io/
