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Bitcoin for Humans - How to benefit the new reality as an individual or merchant
- 1. BITCOIN FOR HUMANS Howto benefit the new reality as an individual or merchant
- 2. WHO Alex Petkov BitcoinIntegrator.bg Better, Faster,Cheaper Payments for Merchants
- 3. Bitcoin is themost important invention in the history of the world since the Internet. Roger Ver, Bitcoin Angel Investor
- 4. WHAT IS NOTINCLUDED • Functions of money • p2p protocol • Cryptography • Algorithms • Mining • Blockchain • Legal issues • Decentralized system
- 5. WHY IT ISNOT INCLUDED
- 6. WHAT IS BITCOIN Emaillet us send letters. Skype lets us make video calls. Bitcoin lets you send money to anyone, anywhere, almost for free!
- 7. CHARACTERISTICS • Instant • Personto person • Worldwide • Almost free • Decentralized • Easy to use
- 8. CONSUMERS LOVE BITCOIN! -More Convenient - Faster and easier than paying with a credit card - Increased Privacy - No need to disclose personal or financial information - Full Security - No Risk of Identity Theft - Saves Money - No bank fees
- 9. HOW TO USEBITCOIN • Use instead of PayPal - Available in any country - Your account can never be seized or closed • Use for Remittance - Eliminate the high fees - Available in any country • Use instead of e-Banking - Use from your PC or mobile phone - Have full control of your money, 24/7, from anywhere in the world • Use instead of Credit Cards - No risk of identity theft - No overdraft or over limit fees
- 10. EXAMPLE BANK • 50 BGNfee • 15 BGN for exchanging EUR/BGN • 3 working days BITCOIN • 0.12 BGN • 30 min Transfer 5000 BGN to any country in EU:
- 11. MERCHANTS LOVE BITCOIN! -Reduced Risk - No charge-backs and no fraud - Reduced Hassle - No compliance requirements or security risk - Lower Fees – Much less than credit cards and PayPal - Reach Globally - Accept payment from ANY country, ANY person, ANY time
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- 13. EXAMPLE Bitcoin • 0.00% transaction fee •Maximum of 0.99% transaction fee (if want the amount in EUR/USD sent directly your bank account) Credit cards • Fees between 3% to 5% plus a fixed fee (€ 0.10-0.25) per transaction • Startup and monthly fixed costs for point-of- sale systems PayPal • Payment receipt 1.9% + € 0.35 in euro • Dealer conditions 1.7% + € 0.35 (up to € 25K of sales) • Micro-payments: 10% 0.10 € • Fundraising: 1.2% + € 0.35
- 14. GETTING STARTED Step 1Get a wallet (Blockchain.info) Step 2 Get Bitcoins - Individual (LocalBitcoins.com) - Merchant (bitpay.com) Step 3 Spend Bitcoin (coinmap.org)
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