Bitvestment Partners: Acceptance of Bitcoin is on the Rise

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Information about Bitvestment Partners: Acceptance of Bitcoin is on the Rise
News & Politics

Published on February 27, 2014

Author: bitvestmentpartners

Source: slideshare.net

Description

Some companies have been resistant towards accepting advancing Bitcoin technology, while some are eagerly embracing the new form of currency. Bitcoin is quite complex, but it is not necessary to fully understand the mathematics and cryptography behind Bitcoin to know that it works well. Many experts support Bitcoin and cite reasons for using it as a valid form of payment.

Bitvestment Partners is dedicated to investments in the Bitcoin and crypto-currency ecosystem. The company has deep expertise in cryptography, peer-to-peer networks, and e- commerce, and is involved in Bitcoin mining, Bitcoin-related e-commerce, and innovative uses of blockchain-based algorithms. Bitvestment Partners applies a deep bench of in-house expertise to evaluate Bitcoin-business and related investment opportunities. They see Bitcoin as having a tremendous potential to revolutionize payments in emerging markets as well as empower unbanked individuals to have greater control over their personal finances.

Acceptance  of  Bitcoin  on  the  Rise   By  Bitvestment  Partners   February  20,  2014     Some  companies  have  been   resistant  towards  accepting   advancing  Bitcoin   technology,  while  some  are   eagerly  embracing  the  new   form  of  currency.  Bitcoin  is   quite  complex,  but  it  is  not   necessary  to  fully   understand  the   mathematics  and   cryptography  behind   Bitcoin  to  know  that  it   works  well.  Many  experts  support  Bitcoin  and  cite  reasons  for  using  it  as  a  valid   form  of  payment.     An  immediate  and  short  term-­‐benefit  is  that  Bitcoin  features  lower  transaction   costs.  When  compared  to  companies  like  PayPal,  credit  cards,  and  Western  Union,   etc.  that  have  transaction  fees  of  2-­‐4%,  Bitcoin’s  1%  is  quite  appealing.  The  lower   cost  for  transactions  is  across  every  type  of  exchange  including  micro-­‐transactions,   peer-­‐to-­‐peer  transactions,  and  international  transactions.  Where  PayPal  may  charge   a  flat  $0.30,  plus  a  percentage  for  any  micro-­‐transaction,  Bitcoin  offers  an   environment  where  micro-­‐transactions  are  actually  economically  viable.     Bitcoin  is  not  tied  to  any  particular  country  and  is  therefore  less  risky  than  any   traditional  currency  that  is  rooted.  Bitcoin  is  theoretically  less  risky  because  it  is  less   susceptible  to  political  risk  and  is  more  stable.  Bitcoin  numbers  are  finite,  so  there   will  not  be  issues  of  inflation.  The  biggest  political  risk  Bitcoin  faces  is  that  it  was  not   recognized  for  a  few  days  in  China  last  year  and  a  situation  like  that  may  surface   again.     Bitcoin  is  also  more  secure  than  traditional  currency  because  using  a  Bitcoin  leaves   no  data  behind,  like  a  credit  card.  This  would  have  prevented  security  breaches  like   the  Target  attack  in  2013.  In  this  way,  Bitcoin  is  more  like  using  physical  cash.     For  a  company,  announcing  you  are  accepting  Bitcoin  can  be  a  huge  public  relations   boost.  It  seems  edgy  and  new.  Additionally,  there  are  advantages  with  Bitcoin   Protocol  to  brand  currencies  for  breaks  on  groups  like  airline  miles  and  coffee  shops   similar  to  current  loyalty  programs.    

There  are  many  advantages  and  exciting  opportunities  for  business  and  personal   means  in  the  future  of  Bitcoin  technology.       Bitvestment  Partners  is  dedicated  to  investments  in  the  Bitcoin  and  crypto-­‐currency   ecosystem.  The  company  has  deep  expertise  in  cryptography,  peer-­‐to-­‐peer  networks,   and  e-­‐  commerce,  and  is  involved  in  Bitcoin  mining,  Bitcoin-­‐related  e-­‐commerce,  and   innovative  uses  of  blockchain-­‐based  algorithms.  Bitvestment  Partners  applies  a  deep   bench  of  in-­‐house  expertise  to  evaluate  Bitcoin-­‐business  and  related  investment   opportunities.  They  see  Bitcoin  as  having  a  tremendous  potential  to  revolutionize   payments  in  emerging  markets  as  well  as  empower  unbanked  individuals  to  have   greater  control  over  their  personal  finances.    

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