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News
22.09.2020
Why Bitcoin?

As our users already know, the Bitero platform uses solely Bitcoin for all transactions. We have received inquiries about why we have chosen to focus on this currency, and to put it shortly - the Bitero team believes in it. Bitcoin was created in 2009 and gained traction among early electronic currency adopters as a fascinating economic experiment, and has during this decade continued to grow into its potential as one of the greatest tools ever invented for the advancement of human liberty. This isn't some sci fi statement anymore: crypto is currently pulling in the global financial system and restructuring it through a process of free market metamorphosis. And it is due time we had free markets that aren't government on a peer to peer level by large banking institutions.

This is so because of multiple reasons. Firstly, with Bitcoin people have the liberty to exchange value without intermediaries. This translates to greater control of funds and lower transaction fees, since Cash is controlled by banks while Bitcoin has private owners. It’s faster, cheaper, more secure and immutable. This, combined with the fact that Bitcoin can be used all over the world without going through a conversion process makes BTC a great tool for investment. When talking about ubiquity, Bitcoin is considered at par with Gold and combines the best of cash and gold while providing an open market and no restrictions imposed by banks or governments. Furthermore, Bitcoin is peer-to-peer and open, yet secure and nearly frictionless - it allows exchanging value over the internet without any intermediary and gives its users access to their balance through a password known as a private key. So it’s private, secure and at the same time, open.

The advantages outlined above are what have made Bitcoin a force to be reckoned with in the world of online finance. Unlike fiat currencies, it is transnational - there are no boundaries and no existing privileged countries, and no central bank artificially controlling the flow and value of Bitcoin. We believe that we are entering a new era in online commerce, one where Internet has a single currency. And that currency is going to be Bitcoin.

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