![\"bitcoinjune\"](\"https:\/\/evssolutions.com\/wp-content\/uploads\/sites\/7\/Screen-Shot-2014-06-25-at-11.29.29-AM.png\" "\\"bitcoinjune\\"")
<\/p>\n<\/p>\n
The ultimate goal of Bitcoin is to allow the exchange of payment
\nfor goods and services while eliminating the middleman. This means that no
\nbanks and third-party networks are involved in the payment process and the
\ntransaction is anonymous. This is especially beneficial for emerging markets
\nwhere banks, ATMs and credit card machines are rare. The online currency can be
\nset up, accessed and used anywhere with no prerequisites. No country or company
\ncan own or regulate the peer-to-peer Bitcoin use.<\/p>\n
Usability<\/strong><\/p>\n There are no banks or companies involved, which means Bitcoin
Security<\/strong><\/p>\n Without countries and banks, Bitcoin security is the
The Current State of
The current state of Bitcoin is comparable to where the
<\/p>\n [Contributed by EVS Marketing]<\/p>\n","protected":false},"excerpt":{"rendered":" The ultimate goal of Bitcoin is to allow the exchange of payment for goods and services while eliminating the middleman. This means that no banks and third party networks are involved in the payment process and the transaction is<\/p>\n","protected":false},"author":40,"featured_media":4527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-4526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-phone-verification"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4526"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media\/4527"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ntransactions are processed without fees. However, they are not accepted in many
\nplaces and there is no real measure of trustworthiness or accountability.
\nCredit cards are faster, free for consumers and more available in developed
\ncountries.<\/p>\n
\nresponsibility of the individual. There is no insurance to replace your money
\nif a thief or a hacker accesses your wallet. Bitcoins anonymity has attracted
\ncriminals from near and far.<\/p>\n
\nBitcoin<\/strong><\/p>\n
\nInternet was in the mid 90s; and the technology is still growing. For most,
\nBitcoin has a poor reputation in the mainstream media during the past six
\nmonths, but its hard to find an industry executive not talking about the
\ncryptocurrency. And of course, contemporary investors are jumping on the
\nbandwagon to get some for themselves. Moving forward, virtual currency
\nexchanges will benefit from implementing KYC controls because they offer a safe
\nand trust-driven environment. Even with this buzz, there are still many who
\ndont know much about Bitcoin or the potential impacts it holds. If you decide
\nto accept Bitcoins at your establishment be aware of the security risks and
\nhave a fraud
\nprevention plan<\/a> in place. <\/p>\n