My own native country, ‘Australia, is leading in Bit coin technology’- I had heard quite a lot about the term, but never had much information beyond its name. It was then I decided to read about it and gather some relevant information. The new digital currency in Australia, bit coins, can help anyone buy almost anything and everything, with no transaction fee and no middlemen. I was actually surprised by how this entire system works, where there is no money being exchanged between any two parties and still a transaction has taken place. Then I also got to know that it works without any credit card fees, which made me realize how beneficial it can be for budding entrepreneurs like me, who are still in the initial stages of their enterprise. The use of bit coins has helped me and my enterprise to undertake money transactions, both within Australia as well as internationally, with absolutely no hassles of different currencies involved.
The concept and practicality of bit coins have expedited various processes going on within different departments operating in the enterprise, with the staff members taking full advantage of carrying out bit coins transactions with the help of their smart phones itself, without having to switch on their laptops/computers every time. They simply need to keep a track of all their bit coins transactions which can be done quite effectively with the help of a digital wallet that can be stored on the user’s computer itself.
The prevalence of the system of bit coins has proved to be a boon for me and my enterprise, including all my staff personnel, as it has simplified many of our major operations, with a mere need to record all the bit coins transactions with utmost proficiency.
It wouldn’t be wrong to say that it is this bit coin that has helped the enterprise to emerge successfully, both technologically as well as economically, with its scope widespread in diverse sectors of Australia.
Oct 07, 2014 1