Why Use Bitcoin ?
It could empower up to 2 billion people who are still unbanked in the world. Bitcoin is a peer-to-peer borderless digital currency that solves many of these common problems for not having a bank account.
It plays a “pivotal role” in reducing the number of people who are still unbanked due to economic segregation.
With bitcoin, you do not need an account to start with; you do not need to fulfill certain legal criteria before you can get access to simple cross border payment services.
Its Trustless and decentralized. What that means is basically there’s no need for that pesky middleman to verify whether B has indeed received a payment from A from anywhere in the world. And on that process, there are at least 3 to 6 parties involved if you’re sending across borders. (Did you know that banks charge me $50 just to send $80 from Singapore to the USA?)
Age and other legal restrictions will no longer be a barrier to entry and that would drastically help empower and encourage their economic participation.
|A. Whether you’re in Tanzania, Indonesia or even Columbia, it doesn’t matter, you can send BTC from anywhere in the world & it will be processed instantly as all transactions are blessed with color-blind anonymity.|
|B. Avoid costly currency conversions. When you make a payment in your national currency on the World Wide Web, your local fiat currency gets converted into the local currency of the merchant.|
|C. Payment processors charge merchants 3% or higher for every credit card transaction, and that cost is passed down to you, the consumer. With LN, you pay fees at less than fractions of a cent 1/100 cent.|
|D. While charge-backs seem like a good feature for consumers, merchants often lose money from fraudulent card purchases. Even as a consumer, merchants can often reverse a sale and cancel your booking on an email notice (My experience w/ Agoda recently cost me thousands of dollars more from a last minute hotel cancellation, on the grounds that the offer I received was too good to be true)|
|E. There will be a future potential of highly loyal customers who will look for places to spend their Bitcoin in the near future once mass adoption kicks in. First movers will get to embrace this new base of potential customers.|
|F. A new marketing opportunity would present itself to merchants, thereby attracting special offers, discounts and dealsfor those who pay in Bitcoin instead of fiat currencies.|
|G. Your Privacy is assured as transactions you make don’t get sold to the highest bidder or stolen from the weak security the merchant uses. Your government and banks have no business prying into your private lives.|
|H. You will gain the first movers advantage of being a pioneer in the cryptocurrency economy. Bitcoin’s scarcity and utility will prove to be an even better value proposition than Gold to a growing population of Digital Citizens.|
Paying with Credit Card Vs. Bitcoin
Extracting your personal information and finances have never been easier with a credit card. We live in a world where we sacrifice for a little convenience by giving away our basic human right to privacy.“Credit cards are broken by design because the token itself is the secret key. If you transmit that token, you expose your entire account to risk.
Bitcoin is fundamentally different. What I’m transmitting is not the key but simply a signed message, it is an authorization. And that authorization has two external references: one, to where the money’s coming from by referencing an unspent output on the blockchain; and one reference to where I want to send the money.
By creating a new encumbrance, a new limitation on who can spend the money, usually a public key or Bitcoin address. That transaction contains no sensitive data.” ~ Bitcoin advocate, Andreas Antonopoulos
Want to ensure your anonymity while purchasing a pills ? Choose a website that accepts Bitcoin as payment!!!