2019 turned to be a less wild year for Bitcoin (BTC). However, BTC is still faced with volatility, causing harm to the world’s top digital currency’s potential as a payment method. To dive deeper into the topic and know who can best help you with a Bitcoin merchant account, keep on reading this post.
Bitcoin Merchant Account: What to Know
On the whole, a cryptocurrency can be defined as virtual/digital money that in the form of the so-called “tokens” or “coins.” Bitcoin appeared in 2009, thus becoming the 1st cryptocurrency. Ever since it’s been playing the most significant role in the market. As of January 17, 2020, Bitcoin gained after 2 days of declines, up 1.3% to about $8.800.
Did you know that the operation of cryptocurrencies 8is based on running servers to crunch mathematical puzzles, or “mining?” In fact, the world of cryptocurrencies is bigger than mining. By the way, China is currently playing a leading role in Bitcoin mining.
Be aware that Bitcoin mining isn’t illegal and is being completed by running SHA256 double round hash verification processes. The latter makes Bitcoin transactions valid and provides the requisite security for the public ledger of the cryptocurrency’s network.
What about you? If you’re interested in a Bitcoin merchant account, just consider applying to a reputable payment processing company like eMerchantBroker.com to enjoy the safest and cheapest transaction processing in the space. With a true payment expert like EMB, you can take your eCommerce business to the next level fast and easily.
Bitcoin Leads the Pack of Cryptocurrencies
Bitcoin is still topping the list of cryptocurrencies in terms of market capitalization, user base, and popularity. Ethereum, XRP, and other types of digital money that’re being used mainly for enterprise solutions are also gaining traction.
According to the Wall Street Journal, Bitcoin was up nearly 22% in the 1st 15 days of this year. This has been the best start-of-year since 2012.
Daniel Krawisz, a leading cryptocurrency philosopher, thins that Bitcoin’s value will be $100.000.000 by 2030. Krawisz further notes that no currency can stand in the way of Bitcoin world dominion because of the expected mass adoption by the currency.
To sum up, Bitcoin isn’t just playing a trendsetter role in the industry. It’s turned into the de facto standard for cryptocurrencies. It’s gaining more and more traction.