Whenever a credit card is used, it must be ensured that the merchant who accepts the payment will keep the details of the card in a safe place. Indeed, credit card payments allow a third party to view the details of the bank account and thus debit the amount required to make the purchase.
With Bit coin, the opposite is true: the user must approve each transaction. The payment system and the bit coin digital currency are already having a huge impact on the world. And this may only be the beginning.
Bit coin was not worth much ten years ago, and look at where it has been since 2009. It is shown by btc price chart From a few cents to almost 20,000 in December 2017. It has now stabilized around $ 6,000 at the time of writing. Bit coin is not going anywhere and will continue to grow as more and more people adopt it. Investing in it can be risky, but can certainly be lucrative
Conventional currencies are bogged down by conversion processes, which adds to the difficulty of making global investments. However, Bit coin is accepted worldwide and its ease of use is considered equal to that of gold.
Bit coin also operates in an open market, where governments and banks do not limit their value. This aspect facilitates global investments.
A great way to keep records
All Bit coin transactions are recorded in a public register which shows how many Bit coins have been transferred and which address has them. This means that no two people can trade on the same value.