Bitcoinus Bitcoin Payments in 2 Seconds
You can just imagine how hard it is for third world countries to transfer and recieve payments from abroad. Especially for countries that has been red labelled it is somehow impossible. Talk about Nigeria, Bank wire transfer takes nothing less than a week to complete, this is after you have completed all the necessary verification processes which does take time. The security of bankwire is something everybody becomes so afraid of, yet it is being used because the poor masses have no other option to complete their transactions to and from abroad. You can easily loose all your funds without a trace.
Years later we all got introduced to an online payment that is better than bank wire -paypal. So saddening as much as the benefits, it doesn't get circulated to all countries. It took a lot of time before the services got to some countries. The last time i checked, one cannot recieve payment to a paypal account using a Nigerian proxy. You can only send payments. You now begin to ask yourself- what then is the essence of paypal to such country as that, its as good as not having a payment processor.
In all, the transaction fee is on the high for both payment processors analysed above. Transaction fee is charged on each dorlar transacted. The prices are not fixed, it changes over time especially for bank wire.
But in all of this mishap, there is the blockchain which can be utilised to transparently solve this challenge while making it very easy to exchange from fiat currency to cryptocurrency and vice versa. Bitcoinus is one of the most anticipated project when you talk of speed of transaction, coverage, transaction fee, security and other great benefits you can think of.
Current situation where transaction speed is low and its cost is high cannot be used in most e-commerce businesses. Bitcoinus will change the way transactions interact within internal system due to our complex algorithm which enables certain operations to be performed before they are uploaded to blockchain. Yet it will remain secure and reliable as it should.
Transaction speed
Bitcoinus will cut the speed of transaction from days and weeks to just two seconds, ensuring that the details of transactions are recorded on the blockchain where they are transparently available to all and sundry. Talk about the current bitcoin and other big cryptos, their speed on the average is fifteen minutes. This means that the introduction of the bitcoinus will put an end to such waiting period. Thus both end (sender, and reciever, buyer and seller) will able to seamlessly monitor their transactions unlike the current card payment which take alot of stages to complete a single transaction resulting to the long transaction period.
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Bitcoinus' transaction stages are small in comparison which results in it super speed.
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Coverage
Bitcoin us will cover the top one hundred most used cryptocurency. This means that you can trade using a wide variety of currencies using the platform. Any sales outlet accepting the bitcoinus payment processor can use any of the one hundred crypto. It does not stop there, the bitcoinus will also allow seamless exchanges from and to fiat currencies without hassle of high transaction charges. I bet it ve intraesting trading on this platform.
Transaction fee
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With the high transaction fee charged on each transaction today, it becomes a heavy burden on small bussiness enterprise today to thrive of speedup their rate of growth. Some of them are forced to get loan so as to to increase their coverage and growth which does not guarantee security. But the bitcoinus will cut the transaction fee to as low as 0.5% of the transaction amount. This as far the lowest compared to the existing payment processors. It gives the assurance as the charge does not flunctuate as some other platforms.
Security
What of when users have challenges whsn trading? Bitcoinus introduces a transaction rating to ensure that buyers and sellers resolve matters incase of subsequent transaction. In a case where the issues are not resolved in seven days, the platform introduces a third party to deal adequately will the matter - interesting.
There are other benefits you can be sure of trading or using the bitcoinus platform..
You can get more information from:
https://bountyhive.io/join/Bitcoinus
http://www.bitcoinus.io/docs/Bitcoinus%20Whitepaper.pdf
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