Welcome to the world of Altcoins. Bitcoin, Litecoin, Dogecoin and NXTcoin are many new emerging digital currencies based on the concept of Bitcoin. These next generation currencies have the influence and technology to completely overhaul our current monetary system. Whether you know this or not, Bitcoin has become one of the fastest growing alternative payment methods.

1. Bitcoin – An Excellent Choice as Alternative Payment Method
Welcome to the world of Altcoins. Bitcoin, Litecoin, Dogecoin and NXTcoin are many new emerging
digital currencies based on the concept of Bitcoin. These next generation currencies have the influence
and technology to completely overhaul our current monetary system. Whether you know this or not,
Bitcoin has become one of the fastest growing alternative payment methods.
The days of using paper or plastic money may soon be a thing of the past. The technology behind
Bitcoin is quickly evolving into a popular way to make money transactions easier, comfortable and more
secure. It is also an excellent alternative payment method because its design is safe, secure and based
on an open source technology.
One of the most important reasons is
the speed with which Bitcoin
transactions take place. If you are
accustomed to making payments
through old methods like checks or
drafts, you are keenly aware of how
long it takes for that check to get
issued, sent and cashed. Even the
modern methods of international wire
transfer can take days to transfer.
Bitcoin is a faster and smoother way
of sending or receiving money with its
zero-confirmation nature of
transactions. Although credit card
transactions are just as fast, they are
costly and charge you a high
percentage rate for that privilege.
Bitcoin offers you the same convenience with minimal or no transaction fees.
The decentralized nature of Bitcoin network called the Blockchain, provides an open source peer to peer
network which is free from any interference or manipulation from a centralized authority such as the
government or a banking institution. This makes your money safer without the fear of fraud or banking
mistakes. This is one of the major advantages of a virtual money system like Bitcoin over the traditional
banking system.
Although credit cards are mostly used for online money payments, it is not the safest method as you
need to reveal your secret information such as the card number, date, etc. not only is this become a
bigger risk and threat, but it can lead to another security breach like Target, Sony and other major
companies holding credit card information. Bitcoin, which uses a public and a private key, doesn’t
require you to provide any personal information. The public key information can be seen by anyone

2. while the private key stays secret and only known to you. This makes your transactions more safe and
secure.
Bitcoin puts the power in your hands on how to transact. You don’t need a third party and trust is
impossible to be compromised. No bank or credit union can freeze your assets for any reason.