bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. They can be exchanged for other currencies, products, and services. bitcoin is by far and large the most valuable cryptocurrency in the world . It is also the most widely accepted as means of payment - so much so that most other cryptocurrencies are indexed and accessible only via bitcoin trading.. Payment freedom - It is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. bitcoin allows its users to be in full control of their money. Very low fees - bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on bitcoin, they can be offered for much lower fees than with PayPal or credit card networks. Fewer risks for merchants - bitcoin transactions are secure, irreversible, and do not contain customers sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.

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