BITCOIN MAX a decentralized electronic cash payment network
The virtual currency also known as virtual money is a type of unregulated digital money, which is issued and is usually controlled by the developer except Bitcoin and is used and accepted among members of a particular virtual community.In 2014, the European Banking Authority defined virtual currency as a digital representation of the value that is not issued by the central bank or public authority, is not always attached to fiat currency, but is accepted by nature or legal person as a means of payment and can be transferred, stored or traded electronically. In contrast digital currency issued by the central bank is defined as the central bank's digital currency.
Digital currency digital money or electronic money or electronic currency is a kind of currency that is only available in digital form, not physically like paper money and coins. It shows properties similar to physical currency, but allows for instant transactions and transfer of ownership without limits. Examples include virtual currency and cryptocurrency or even the central bank issuing digital money. Like traditional money, this currency can be used to purchase physical goods and services, but may also be limited to certain communities such as for use in online games or social networks.
What is BitcoinMax?
Found online at https://www.bitcoinmax.info/, BitcoinMax is a decentralized electronic cash payment network that enables value to be transferred peer-to-peer. Unlike traditional payment networks, BitcoinMax bypasses the need for a centralized body of control, such as a government or a central bank. Instead, activities and balances are stored on a public, shared ledger called the blockchain, which is verified by thousands of computers (called nodes) maintaining the network across the globe. Transactions are made with no middlemen so anyone with access to the Internet can transfer money to anybody anywhere in the world.
No central authority or middleman means lower transaction cost. Traditional wire transfers and foreign transactions are costly and slow. On average among national banks, it costs $25 for outgoing domestic wire transfers and $44 for outgoing international wire transfers; in comparison, most e-Wallets and cryptocurrency exchanges charge a nominal 0.25% to 1% fee to send cryptocurrencies that reach your recipient in hours. Fees associated with BitcoinMax are negligible compared to fees of established banking institutions, credit unions.
Why Use BitcoinMax?
- Blockchain Infrastructure
- Integrates blockchain technology to provide unique identities for each node.
- Easy Token Integration
- Every node has its own token. You can earn tokens by doing work.
- Global System and Secure
- An efficient global system covering all corners, provides best data security.
BitcoinMax Benefits
Payment Freedom
The absence of a centralized governing body means no one can tell you what you can or cannot do with your digital cash at any time — there are no bank holidays, no borders, no restrictions. Traditionally, sending cash internationally takes at least 3 days of processing time plus paperwork and fees. When you send BitcoinMaxs to someone, you transfer directly to his or her address within a day with no additional hurdles. There is also no way for a third party to suspend or confiscate your BitcoinMaxs. BitcoinMax offers a global payment system that is fast, secure and cheap. You have complete control of your money with BitcoinMax.
Lower Risk for Merchants
Once a transaction has been verified and recorded on the blockchain, it cannot be reversed. BitcoinMax transactions are immutable once on the blockchain. Merchants can have peace of mind knowing they can send out goods with no risk of “charge-backs” where customers receive goods then reverse payment; this mechanism inhibits fraud which lowers merchants’ risk to conduct business online. Since BitcoinMax can be used by anyone with Internet, merchants can expand to new markets by accepting BitcoinMax where currency or credit cards are unavailable. Furthermore, BitcoinMax’s fast settlement time can streamline a merchant’s business operations.
Transparent Transactions
With the blockchain, the complete BitcoinMax transaction history is readily available for anyone to view. The fully auditable nature as well as BitcoinMax’s cryptographically secure protocol make BitcoinMax difficult to be manipulated by any individual or organization.
Banking the Unbanked
It is estimated that there are 2 billion unbanked people worldwide who are limited to transacting in cash, which is feasible only in local transactions or in relatively small amounts. BitcoinMax enables the unbanked to participate in the global market where BitcoinMaxs are accepted. BitcoinMax offers a stable banking system that’s robust and accessible to everyone.
BitcoinMax Mobile Payment
BitcoinMax provides a mobile wallet for sending and receiving payments. The mobile wallet functions similarly to many advanced payment and banking applications. For customers who are hesitant to put their credit cards on their phones can use blockchain powered BitcoinMax mobile App solutions, which allow customers to use tokens instead of their credit cards.
BitcoinMax Apps will be published in February, 2019. Some of its samples were shown.
Crypto-news curation
Natural Language Understanding
Wallet aggregation
Professional Network
No more expensive fees
BitcoinMax ICO
BMAX token is built on the Ethereum Blockchain. It’s compatibility of the token with third-party services wallets, exchanges etc, and provides easy-to-use integration.
On December 1st 2018, the company's ICO token sale stage 1 is about to start at 30% bonuses, looking at institutional investors for the initial tranche and attending global shows. The token sale detail is described below:
Sorry for the long article, and we do hope that we gave you a decent overview of our Token Sale information. Having said that, again and again and again, please read the White Paper in complete. Come back to us with any questions. We will be more than happy to answer all of them. Listen, we know that you work very hard for your money, and we want you to be 1000000% positive that this is the right investment.
Thank you once again for taking the time to read this article, and thank you a million times for your support of BitcoinMax.
website: https://www.bitcoinmax.info/, whitepaper: https://www.bitcoinmax.info/BitcoinMax_Technical_Whitepaper.pdf.
author:Chubylaw
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