Bitcoin, a new kind of money, is first decentralized digital currency that is increasingly adopted by individuals and businesses to make their payments in an easy and secure manner. This slide deck by Ace Cloud Hosting explorers the basics of Bitcoin and how both businesses and individual can use it for making payments.

1. Bitcoin
Your Digital Currency

2. What is Bitcoin?

3. “Bitcoin is an open source software- based online payment system. Payments are recorded in a public ledger using bitcoin which is its own unit.”

4. “Bitcoin – a new kind of money, is first decentralized digital currency and an innovative payment network”

6. How To Use Bitcoin?
Bitcoins For Individuals

7. #1. Know Bitcoin
Bitcoin is quite different than what you use. Here are a few basic things you need to know, before you start using Bitcoin -

8. #1. Bitcoin price is volatile
The price of bitcoin can unpredictably decrease or increase over a short span of time.
#2. Bitcoin is not anonymous
Additional efforts are required to protect your privacy with Bitcoin.
#3. Security and Bitcoin
Bitcoin transfers the value anywhere. However, there could be some security concerns.

9. #4. Bitcoin payments are irreversible
Bitcoin transactions once done can’t be reversed, however the value can be refunded.
#5. Bitcoin is still experimental
Bitcoin is a new currency that is in its development phase.

10. #2. Choose Your Wallet
Bitcoins are stored in a wallet, which can be used to buy, sell, or send bitcoins such as BLOCKCHAIN. Here are some popular wallets, so select and start making payments.

11. #3. Buy Bitcoins
You can buy bitcoins either by accepting them as a payment for products and services or by purchasing them from your friend or authority. The popular ones are -

12. #4. Spend Bitcoins
It’s time to spend bitcoins! There are lots of merchants accepting Bitcoin all over the world, popular ones are-

13. How Do I Accept Bitcoin?
Bitcoins For Businesses

14. #1. Know Bitcoin
There are a few things that every merchant need to know in order to use bitcoins without changing their habits. For instance Bitcoin payments are irreversible.

15. #2. Payment Processing
You can process invoices and payments yourself or through a merchant service. Mostly, business uses these trusted merchant services -

16. #3. Accounting And Taxes
Depending on the location, bitcoins are subject to tax. To get appropriate guidance, you should take the advice of an experienced accountant or tax consultant.

17. #4. Gaining Visibility
There is a rapid growth in bitcoin users, going to purchase products with their bitcoins. To gain visibility, submit your business in online and local directories such as useBitcoinsinfo. You can also display the Bitcoin logo on your website.

19. Benefits for Individuals

20. Work everywhere, anytime ...
Control and security over your money...
Zero or low fees…
Mobile payments made easy…
Protect your identity…

21. Benefits for Businesses

22. Accounting transparency...
No PCI compliance required...
Protection against fraud…
Multi-signature…
Fast international payments…

23. Legal Status and Regulation

24. Few countries have regulated bitcoin and some have not.
Cyprus
China
Bolivia
Canada
US
Russia

25. Innovation in Bitcoin…
Bitcoin has opened many possibilities and features that are under experiment and are researched by the community. These include- security, crowd funding, micro payments, dispute mediation, trust and global reach.

26. About Ace Cloud Hosting
Ace Cloud Hosting powered by Real Time Cloud Services (RTCS), is an Authorized commercial QuickBooks Hosting Service provider to CPAs, SMBs, Bookkeepers and ranks amongst the leading QuickBooks hosting providers.

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