CRYPTOCURRENCY AND IT BENEFITS
In this modern world where society is progressing day by day and new inventions are being made electric vehicle are running , mobile phones are becoming digital , and your money is also become digital .Yes, you guessed it we are talking .cryptocurrency and bitcoin. which is quite trending on social media nowadays.
Today we will provide you complete information about cryptocurrency and bitcoin. We will tell you how to use this digital currency ( cryptocurrency and bitcoin) and what are its advanges
What is cryptocurrency ? cryptocurrency is your money that is digital . That you can use in the digital world . Just you can create your account on digital platforms and share your personlity with the people , in the same way money has emergedin the digital world as cryptocurrency.
Cryptocurrency is a currency that is not in physical form and neither is its transaction .it is hand to hand but invisible currency that is viable in the digital world . this cryptocurrency was introduced in 2009 . and first cryptocurrency was Bitcoin . Just as you keep your money in a wallet to keep it safe , cryptocurrency is also kept in an online wallet,that's why it is called an online currency . In bitcoin money is transacted online and hands on . This is the reason why cryptocurrency is being used in online business promotion. You may be wondering what is the difference between other online payments and bitcoin payments ? Bitcoin's transaction fees are lower than other traditional online payments . Bitcoin is like a Google document that anyone can work on buy , sell .
Bitcoin is built on a distributed digital record called a blockchain . As the name suggests , a blockchain is an interconnected body of data , called blocks that contain the record of each transaction . there is information about transaction including date and time , total price , buyers and sellers, and a unique identification code for each transaction . Entires are linked together by dates,creating a block of blocks . A digital chain is created . There are a few ways to convert Bitcoin into money which are being used around the world. through online business or store business
One way is in which you choose the payment gateway ( online business ) or point of sale app ( store business ) that offers this service . Like BitPay Via Cryptocurrency
If you using the first method i.e a gate or point of sale app that is converting your customers bitcoin cash into a digital wallet . You can convert it into money yourself through a trusted cryptocurrency exchange
What are the benefits of Bitcoin ?
1. the first one is that advantage is user autonomy meaning that the user can buy and sell without pressure or restriction
2 . Another important advantage that everyone would like to take is that Bitcoin does not involve banking fees for international buying and selling are also quite low
3 . Bitcoin is easily bank credit card independant and different from the way of traditional banking system . that was all the information and benefits we have provided you but islam and sharia has a clear message about what is tangible it is not permissible to do business that is not in form and whose transaction is hand to hand i.e without possession .
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