Post
Topic
Board Bitcoin Discussion
Re: the benefits of managing bitcoin
by
nina_duschenko
on 20/08/2018, 10:44:34 UTC
Here I have found Incredible Benefits of Bitcoins and 4 Opportunities


Lower Fraud Risks for Buyers

Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller.

Thus, they enjoy a certain degree of financial anonymity that most credit cards fail to offer.

Bitcoins act more like a digital cash that hackers cannot intercept in any possible manner. At the same time, your identity is also concealed for good. This helps a lot in preventing targeted data breaches like the UPS Store breach.

No Risk of Inflation; Individuals Can Preserve Coins
With bitcoins, there’s basically zero risks of inflation.
Inflation usually occurs when the Government issues more money over the year, decreasing the purchasing power of the people, on the whole.

But the bitcoin system was created with the sole purpose of being finite (and that number is speculated to be around 21 million).  Thus, without the possibilities of issuing excess currency, the threat of inflation comes down to almost zero. This point benefits both the seller and the buyer, in general.

Reduced Transaction Fees

Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases.

This feature alone should make it a favorite go-to destination for small business ventures.

Easy to Use in Any Situation
As far as international transportation of bitcoins is concerned, the job is as easy as a piece of cake. All you will need is a simple memory stick* and you are sorted enough for the job.

You can even use the same currency in a different country without going through the pains of contacting the local bank for any purpose of currency conversions. If this doesn’t count as a benefit, what does?

*Note: You use the memory stick for transporting bitcoins in it in the same way you do audio, video, executable programs, and other related data.

Source: https://smallbiztrends.com/2017/12/benefits-of-bitcoins.html