Cryptocurrency Trading and Investment Cryptocurrencies are an extremely volatile market. In July 2010, the value of Bitcoin grew 900% in the space of five days. In a one-year time span from December 2016 to December 2017, Bitcoin went from $750 to a staggering $10,000! Check the program here:
This means that anybody who invested $10,000 in December 2016, would get back a mind-numbing $133,333 in exactly 365 days. In fact, the total market cap of cryptocurrencies went all the way upto an astounding $500 billion by end of 2017.
Compared to a standard credit card payment, bitcoin payments purport to be relatively cheaper due to lower transaction costs. A payment service, like BitPay, charges a flat 1% settlement fee to the merchant, compared to 2% to 3% charged by the fiat currency credit cards processing service.
Bitcoin payment services allow a border-less payment network, which enables seamless transfer of bitcoins in any amount from anywhere across the globe, through any mobile or computer, to the merchant’s account in a large number of countries in a currency of merchant’s choice.
Bitcoin payment services claim to maintain transparency in the highly dynamic exchange rates between the bitcoin and the fiat currency.
Using such services, a merchant not only gets various mediums to accept global payments, he also gets a reliable and authentic identity in the virtual world of cryptocurrencies, which is much safer, transparent and dependable for getting payments.
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