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What is Bitcoin?

Introduction

Bitcoin is the first digital fully decentralized Peer-to-Peer currency. Bitcoin’s price is based on trust, formed exclusively by supply and demand and is not tied to any other currency or asset. Unlike fiat money, Bitcoin has no institutions (central bank or state) which could seek to provide a certain level of liquidity, oblige itself and/or others to accept payment in bitcoins or could artificially reduce purchasing power by issuing more of it. Bitcoin is electronic cash, not a debt obligation of the issuer, which distinguishes it from traditional electronic cash and non-cash payments.

HOW CAN I USE BITCOIN?

To date, Bitcoin has achieved a very strong position among the currencies used in transactions via the worldwide web. Here are a few examples of ways in which Bitcoin is used:
• Payment for goods and services worldwide
• Transferring funds to different payment systems whilst paying minimal fees
• Storage of funds to save them from devaluation

WHY DO PEOPLE CHOOSE BITCOIN?

Bitcoin has several advantageous benefits in relation to any other currency:
• Bitcoin is a secure and confidential currency
• Bitcoin is a world currency
• Fees when using Bitcoin are many times less than when using any other currency
• Bitcoin is not subject to devaluation
• Bitcoin is not the property of any state and can’t be prohibited

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The team behind Bitswift is passionate about emerging technologies and their capabilities. We provide technology solutions for businesses and individuals increasing their productivity, profitability and enjoyment.

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