Anonymous Payment With 0.5% Transaction Fees

Nov. 5, 2013 - PRLog -- Bitcoin is an anonymous payment gateway based around the idea of a currency created and transacted through cryptography instead of issued and tracked through a central bank. And to add to its mystique, the creator of bitcoin only goes by a pseudonym and has never been positively identified.

Instead of any legal authority, bitcoin transactions are verified through peer-to-peer interactions. If a user sends bitcoins to another user's "wallet" file, that transaction is verified through other users, and is written into the collective transaction log. And given the ease of transactions, any fees for transfers are minimal.

Investment has jumped in recent months as Bitcoin, the prominent digital currency not backed by a government or central bank, has begun to gain a footing among businesses and consumers, a key step for it to go mainstream.
Startups such as https://www.btcmerch.com/, which help facilitate bitcoin adoption by merchants and consumers, have raised more awareness so far. Interest is also growing in bitcoin trading, investment funds, and "mining" - the process of creating the digital currency.
Fees charged by bitcoin firms are typically far less than those charged by bank, PayPal, credit card companies or other online payment processors. BTCMerch.com (http://www.btcmerch.com/) charges merchants a “0.5 percent transaction fee (0.5%)”. Supporters say using bitcoin offers benefits including faster speed, lower fraud risk and increased privacy.

Instead of a mint, bitcoins are created through a process called "mining," where computers attempt to solve for a certain number, and once found, are rewarded with new bitcoins. The rewards decrease with time, however, and there will only ever be about 21 million bitcoins created, three-quarters of which by 2016, and all by 2140.
More money is expected to flow into the bitcoin market, where the amount of venture capital financing remains modest compared with some sectors like social networking. While there is much controversy over bitcoin and litecoin value and the future of bitcoin and litecoin regulation, the fact is that bitcoins and litecoins are a means of currency accepted by a growing population of online shoppers.

BTCMerch.com is striving to meet the needs of their customer’s base by adding bitcoin and litecoin as an alternative payment option, we went further in introducing a lot of interesting features that includes but not limited to:

+ Bitcoins and Litecoins are supported.
+ Simple integration with Buy now button.

+ One click payment form allowing payments to be accepted on the merchant's site.

+ Advanced API in PHP and JavaScript.

+ Plugins for WordPress and Drupal.

+ Multilingual support.

+ Sandbox to use bitcoins and litecoins testnet for testing purpose.

Providing various payment options to consumers is something all ecommerce driven businesses strive to do, "Offering bitcoins and litecoin as a payment choice allows our customers more ability to choose the payment form that suits those best.