DRASTIC CHANGE ..

BITCOIN AT IT'S HIGH

Bitcoin is digital currency that is the most prominent of the family of cryptocurrencies. Cryptocurrencies are a subset of digital currency that is decentralized, and based on a set of algorithms and protocols that enable a peer-to-peer, cryptographic ally based payment mechanism, medium of exchange and store of value

Bitcoins are here to lodge

There are various contender of payment network in the market like ethxpay, zebpay & unocoin ,Ethxpay an app based bitcoin & ethereum exchange announce that bitcoin have reached all time high of $10000 approx.

"There has been a drastic transformation in value of bitcoins in past few months approx 300% & the increase will continue further in coming years " Subharansh rai, CO founder & COO of ethxpay..

In the recent past, countries around the world including, Japan, Russia and Australia have shown greater acceptance to bitcoin as mainstream currency, with bitcoins continuing to dominate cryptocurrencies market..

The company believes that closer to home, the demand for bitcoins in India is rising exponentially with Indians actively exploring bitcoins as an alternative investment option.

Recently, the Indian government set up a committee to study the virtual currencies including bitcoins and deliberate guidelines unlike in the past when it exercised caution in use of this digital currency. Also, concerned over the adverse impact of virtual currencies such as bitcoin on the consumer, the government is planning to look into ways of regulating the fast-growing segment to curb money laundering.

There are various companies which accept the payment in form of bitcoin such as Amazon – An online company that sells almost anything

Microsoft – Software company
Subway – Eat fresh
Dell - American privately owned multinational computer technology company
Bloomberg – Online newspaper
Virgin Galactic - Richard Branson company that includes Virgin Mobile and Virgin Airline
PizzaForCoins - Domino’s Pizza signed up – pay for their pizza with bitcoins
Wikipedia - The Free Encyclopedia with 4 570 000+ article
Helen’s Pizza - Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register

Comments

Bitcoin a 'dangerous speculative bubble ,is it?

Mo n e y is a m a tt er o f f a ith, Bits of paper and computer bytes change hands billions of times a day as a measure of value because we trust the promise that they represent .in today's era of fiat money ,those promises rest ultimately on a guarantee by governments that they are valuable . that guarantee , as we have seen , is being questioned as the willingness of governments to live up to the promises of fiat currencies is called into question by the deterioration in public finances We often discuss the ways that new technologies and techniques are being used to improve the digital scenario consecutively To t r e at the debate about the f ut u re of mo ne y as a battle between econo m i c truths is to mi s und e r stand the nature of money itself. ...

Will it be possible that if Blockchain Technology can remould Global Payments System?

Payments are synonymous with a transaction that is guaranteed by a central authority which can be a bank, a payment wallet or an escrow service. Keeping the chronological timeline under consideration blockchain happens to be at the helm of technological advancement in the financial domain. A block is the ‘current’ part of a blockchain, which records some or all of the recent transactions. Once completed, a block goes into the blockchain as a permanent database. Each time a block gets completed, a new one is generated. “Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole.” The core value of a blockchain is that it enables a database to be directly shared without a central administrator. Rather than having some centralized application logic, blockchain transactions have their own proof of validity and authorization to enforce the constraints. Hence, with the blockchain acting as a consensus ...

IMPACT OF BITCOIN IN INDIA

Crypto currency exchange operators remain untaxed of RBI warning that beware of Bitcoin " if India had to ban virtual currencies they would have done by now. in last 3 years, the RBI 's statement has been the same: they are uncomfortable with it and people should invest at their own risk . But tell me who is at risk everyone who has invested in it are making money and richer now.crypto currency is reality of the power of digital currencies which fast gaining popularity in India & world wide. It is now almost a decade since the first crypto currency, BITCOIN was developed in 2008 by Satoshi Nakamoto, but still, it is believed that we are in the nascent stages of crypto currency and block chain technology. It’s either gifted as an economic saviour of mankind or a complete annihilator of fiat currency. so visit the following links for more expert opinion of bitcoin. In the last couple of years there has been significant growth in the trading...

ETHXPAY

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