The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees. Perianne Boring Read Quote
With Bitcoin, every transaction is publicly verified, so many risks are eliminated, including chargeback fraud or ‘friendly fraud.’ This is when a customer purchases something online with a credit card; waits to receive the goods or service, then requests a chargeback refund. The bank then forcibly takes the funds out of the merchant’s account. Perianne Boring Read Quote
Through decentralized cryptography, Bitcoin eliminates the need for banking intermediaries, significantly lowering transaction costs, and could liberate poverty-stricken economies around the globe by providing access to capital to the one-third of humanity that is excluded from the financial world. Perianne Boring Read Quote
After Jessica Mitford published ‘The American Way of Death’ in 1963, to expose the abuses in the funeral industry, a groundswell of support for government intervention followed. Under President Ronald Reagan The Funeral Rule was first enacted to protect consumers from deceptive practices, but the rule has yet to put the nail in the coffin. Perianne Boring Read Quote
Many communities have turned a blind eye to what goes on inside funeral homes, as many people prefer not to know the ins and outs of the business. In addition, grieving customers in need of funeral goods and services may not be in a healthy state of mind to make financial decisions. Perianne Boring Read Quote
An unsolicited sales pitch may be part of a fraudulent investment scheme. Exercise extreme caution if you receive an unsolicited communication – meaning you didn’t ask for it and don’t know the sender – about an investment opportunity. Perianne Boring Read Quote
The majority of companies using BitPay to accept bitcoin are small businesses that are benefitting from lower transaction fees, faster service, and increased security for fraudulent transactions. Perianne Boring Read Quote
Bitcoin was created with security in mind. The Blockchain is Bitcoin’s public ledger that records every transaction in the Bitcoin economy. Perianne Boring Read Quote
Blockchain technology has such a wide range of transformational use cases, from recreating the plumbing of Wall Street to creating financial sovereignty in the farthest regions of the world. Perianne Boring Read Quote