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The online payment system revolutionized the MLM business. It changes the face of MLM industry from a conventional trading base to the modern e-commerce applicable network, and it significantly decreased the complexity of financial matters in an MLM organisation. In light of these facts, an MLM software Provided with advanced online payment methods is pivotal for an MLM company. So that, we reinvented our Infinite MLM software to integrate with one of the most technological advance payment option of our time, Bitcoin.
Bitcoin is a decentralized cryptocurrency, offers decentralized financial transaction without any assistance from a third party. Due to complex nature of today’s Trading, We use third parties like banks, governments, notaries and so on, to facilitate our monetary affairs. These third parties require additional matters like authorizations, approvals, permissions to process money transactions and is functioned as a centralized structure to regulate all financial dealings. Bitcoin breaks this middlemen role of third parties and provides us with a convenient channel for the peer-peer transaction.
Bitcoin offers a peer-peer network, Which allows its users to send bitcoin from any device to anyone, anywhere in the world without any restriction, at any time.
Every bitcoin transactions are verified and shielded by top-notch encryption. The cipher codes used in this secure transactions are industry standard AES encryption. Besides standard encryption, bitcoin provides advanced security features like two-factor authentication, secure client-side encryption and many more.
One of the most significant of all features of bitcoin is its decentralized system and open-source nature. This unique feature encourages users to opt out from the burden of centralized financial services into the bitcoin’s neutral pasture field of decentralized finance provided with peer-peer transaction.
This distinctive aspect transformed the traditional concepts of economy and caused a paradigm shift in every monetary attribute.
Unlike conventional financial service, bitcoin network offers fare-free money transaction throughout the globe, Besides a voluntary fee to speed up the transfer.
What is Bitcoin wallet?
A wallet is just like a bank account, where we can transact our money. Likewise, bitcoin wallet allows us to receive, store and send bitcoins. There are mainly two kind Bitcoin wallets. A Personal bitcoin wallet that you can install and use on mobile and computer. This wallet gives you the complete authority of your bitcoin. But, maintaining a personal bitcoin wallet is a bit tricky and need updating on bitcoin security policies and transactions.
Third party Wallet
Although bitcoin is peer to peer network, there was some issue that still concerns our monetary transactions. The reasons range from trust to the unawareness of blockchain mechanism and the compatibility of the third party Bitcoin API. As we are in the early stage of cryptocurrencies, it is better to include a trusted third party to our bitcoin transactions. Moreover, this third party bitcoin wallet is more compatible, easy to use, regular updating, and have wider support on the monetary transaction.
Top Bitcoin API(Wallet) we integrate with Infinite MLM software:
Blockchain is one of the pioneer’s in bitcoin payment system. Starting bitcoin operations from 2011 itself and have a very large user base and supportive network. Blockchain provides wallet data on recent transactions, Mined Bitcoins, Bitcoin rates and economy.
This wallet allows the user full control of their bitcoin private key( a key used to initiate bitcoin transactions) and provides ease and secure payment service. Blocktrail has mobile app’s for both Android and iOS
Coinbase provides full fledge payment service. Allow users to link wallet to their bank account.
The main purpose of bitcoin wallet is to provide the user’s a bank account like service using bitcoin. Bitcoin wallets can store, receive and send bitcoins, But it won’t directly exchange bitcoin from fiat currency or any other bitcoin applicable value.
A Bitcoin Exchange allows users to trade bitcoin for fiat currency(vice versa) or other possible bitcoin values. Many Bitcoin exchanges also act as a wallet, but generally bitcoin exchanges don’t allow users payment service like dedicated bitcoin wallets and they also discourage users to store bitcoin for a longer period. Our Infinite MLM Software is also supportive of integrating Bitcoin exchange to provide user’s more convenient experience on bitcoin transactions
Top Bitcoin Exchange we integrate with Infinite MLM software:
Our Infinite MLM software is supportive of integrating more bitcoin wallet, bitcoin exchange and bitcoin service providers. You can Register here and start using our DEMO NOW.