Bitcoin wallet app is currently becoming the talk of the town in the world of technology and innovations. The innovations in last decade have improved the way of our living. Smartphones, Computers, and wireless technology have brought power to your finger tap! Be it bill payments, booking a movie ticket, or finding a place across the world, all you have to do is just a tap on your phone.
One of the major advancement such technologies have brought recently is virtual payments in payment industry. Gone are the days when you had to stand in a queue to make a payment or transfer money from your account to another account. Today, we’re surrounded by tons of mobile payment apps leveraging payment gateway integration into mobile apps. But the Blockchain technology has revolutionized the way of doing business is Bitcoin Wallet App. According to Statistics, 12000 bitcoin transactions are made every hour. Several business giants such as Amazon, Paypal, Subway and Apple’s app store have already accepted Bitcoins as a payment. It has helped many businesses to make a huge sum of profit.
What is Bitcoin Wallet App?
Bitcoin Wallet Application is nothing but more or less similar to your conventional bank account that enables to securely send, receive and store bitcoins. There are two kinds of Bitcoin wallet – software and hardware. So, choose whatever fits your requirement or you can go for customized bitcoin app development to fulfil your business requirement also.
Benefits of Bitcoin Wallet App for your Business
Businesses have started accepting cryptocurrency as a form of valid mobile payment. Following are advantages of Bitcoin Wallet app for your business:
Altercated Credit card transactions can often take inordinate duration to get sorted, and funds are locked up during this issue. Similarly, your business can also hit with chargeback which can be costly. But the Bitcoin Wallet app, gives the power to your business. Unlike Credit cards, there is no chargeback or returns in Bitcoin Wallet Payments.
Secure and Fraud Protected
With Bitcoins, users don’t need to give any of their personal details to make mobile payment. It acts as the third party between consumer and a business. This adds an extra layer of security, giving everyone peace of mind.
Lower Transaction fees eases Foreign Payments
High Foreign transaction fees are a nightmare for businesses going global. This is where Bitcoin can do wonders. With Bitcoin, you don’t have to pay any additional transaction fees. This makes it easier for business to expand beyond own border without worrying about costly consequences.
Since your bitcoin balance is anonymous, it makes them untraceable and tax-free. Also, when any country goes through an economic crisis, banks generally take back all the uninsured deposits, which may affect people. However, it is not possible with Bitcoin as it is decentralized.
Protected against Inflation
The major plus of having bitcoin is it is not influenced by any government. Since the government holds the right to print as much money they want, making it lose its own value. But In Bitcoin’s case, the number would never surpass 21 million. This is how Bitcoin is protected from inflation.
What LetsNurture offers for Bitcoin Wallet App Development?
Being a well known IT outsourcing company in India over the last decade for Custom Mobile App development, IoT Solutions, Web Application development and much more, we possess the best level of expertise and skill set for Blockchain development and Cryptocurrency mobile app development too. We provide Blockchain development technology based solutions such as Bitcoin app development, Bitcoin mining software development, Bitcoin ATM Software Development, and more to help you enhance your businesses by blending best available technology.
We acquire expertise in:
- Bitcoin app development
- Bitcoin app customization
- Bitcoin integration
- Blockchain Application Development
- Blockchain Implementation
- Coinbase API Implementation
- RESTful API Implementation
- Bitcoin exchange platforms
- Bitcoin based trading and finance apps
Reach us out for Bitcoin Wallet Development at affordable prices and get a free quote if you are looking to enhance your business by Blockchain Development Technology.