OK, so what’s Bitcoin? No it is certainly not an actual coin rather a “cryptocurrency.
New age e currency has revolutionized the business landscape. Almost as an obvious result; MLM software provided with advanced online payment methods now stands as the key to success for an MLM company. This is also where the Epixel MLM software integrated with advance payment option – Bitcoin comes into play.
It makes sense to mention here that this currency is not backed by a tangible commodity. On the contrary bitcoins are traded online. Yes; this makes them a commodity in themselves. Typically; Bitcoin stands as an open-source product. It is accessible by anyone who is a user. All you need are a valid email address, Internet access, and money to get started.
How does Bitcoin work?
Internet users transfer digital assets (bits) to each other within a network. There is no online bank; rather, Bitcoin stands as an Internet-wide distributed ledger.
Bitcoin wallets thus store and use this digital currency and it also allows the users to sell out the virtual ledger by trading their Bitcoin to someone else. Of course; anyone can do this, anywhere in the world.
What are the benefits of Bitcoin integrated MLM software?
As already briefed; Bitcoin offers the ultimate freedom of making decentralized financial transaction. Put simply; it is a convenient channel for the peer-peer transaction. Here are a few benefits of Bitcoin integrated MLM software
Fast transactions: For the uninitiated; Bitcoin is transferred instantly over the Internet.
No fees/low fees: Yes; unlike credit cards, Bitcoin can be used for free or sometimes for a very low fee. Since there is no middleman, there are no authorizations and fees required and this improves profit margins sales.
Eliminates fraud risk: This is one important aspect to ponder on. Only the Bitcoin owner can send payment to the intended recipient hence it eliminates the fraud risk to a great extent. This is big for online merchants and network marketers
Data is secure: Let us not deny; internet is certainly not always a secure place for private data however with Bitcoin, users do not have to give up private information. This means that data remain secured
Convenient payment system: As a matter of fact; the network marketers can use Bitcoin entirely as a payment system.
International payments: You have heard that right; Bitcoin is used around the world as an international payment option.
Easy to track: Guess what; the network tracks and permanently logs every transaction in the Bitcoin block chain