Another good news arrives for both bitcoin users and Cab Management System users. Infinite Cab Management System is now integrated with bitcoin.
To ride in a Taxis are becoming a popular substitute for tourists and commuters on a budget. Cab Management system has proved that it is more convenient way to catch and pay for the taxi cab. However, one interesting option is to book a taxi and pay with bitcoin.
Before using Bitcoin integrated taxi dispatch software, let’s have a quick look at Bitcoin
What is Bitcoin?
Bitcoin is a kind of digital currency that is formed and held electronically using software. Bitcoins aren’t printed, they’re produced by people, and increasingly businesses, running computers all around the world, Bitcoin is listed under the ‘Payment methods’ alongside credit card, PayPal, etc.
What makes it different from normal currencies?
Bitcoin can be used for electronic transaction. It’s decentralized way makes it different to conventional money. The bitcoin network is not controlled by a single organization. It is operated by multiple machines those work together.
What are its Characteristics?
#1. It’s Decentralized
One of the fascinating features of the bitcoin is its decentralized system. The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network and the machines work together.
Every customer prefers security for what they are using. Bitcoin transaction provides a high security. It doesn’t require you to give any secret information. Instead, they use two keys: a public key, and a private one. Anyone can see the public key (which is your bitcoin address), but your private key is secret. No one can steal your payment information from the merchant.
#3. Reduced or no chances of Loss
Cryptocurrency is very confidential as it agreed upon by the two people or institutions involved in the transactions by their mutual consent, so there is no risk of loss of anyone. Cryptocurrencies are beneficial for all business owners.
#4. It’s easy to set up
You can set up a bitcoin address in seconds, no questions asked, and with no fees payable.
#5. Cheap and Fast
You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment. Also, it’s very cheap to use. Bitcoin transaction doesn’t charge any transaction fees.
#6. It’s Anonymous
Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information.
Infinite Cab Management System is integrated with Bitcoin. Register and try our Cab mangement Demo now.