With Pressat solely operating as a digital service with no physical operations, the new payment method goes hand in hand with the Bitcoin currency allowing them to accept payments from a wider audience without the need for a centralised banking operation.
Bitcoin is a peer-to-peer digital currency that functions without a central authority and was first introduced in January 2009. Bitcoins are stored in anonymous ‘electronic wallets’ or code, and can travel from one wallet to another by means of an online peer-to-peer network transaction.
In recent news, Bitcoin can become a tool for e-commerce transactions, according to analysts at Bank of America’s Merrill Lynch.
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