BITCOIN FOR HUMANS

How to benefit the new reality

as an individual or merchant

WHO

Alex Petkov

BitcoinIntegrator.bg Better, Faster, Cheaper Payments for Merchants

Bitcoin is the most important invention in the history of the world since the Internet.

Roger Ver,

Bitcoin Angel Investor

WHAT IS NOT INCLUDED

• Functions of money

• p2p protocol

• Cryptography

• Algorithms

• Mining

• Blockchain

• Legal issues

• Decentralized system

WHY IT IS NOT INCLUDED

WHAT IS BITCOIN

Email let us send letters.

Skype lets us make video calls.

Bitcoin lets you send money to anyone, anywhere, almost for free!

CHARACTERISTICS

• Instant

• Person to person

• Worldwide

• Almost free

• Decentralized

• Easy to use

CONSUMERS LOVE BITCOIN!

- More Convenient - Faster and easier than paying with a credit card

- Increased Privacy - No need to disclose personal or financial information

- Full Security - No Risk of Identity Theft

- Saves Money - No bank fees

HOW TO USE BITCOIN

• Use instead of PayPal - Available in any country - Your account can never be seized or closed

• Use for Remittance - Eliminate the high fees - Available in any country

• Use instead of e-Banking - Use from your PC or mobile phone

- Have full control of your money, 24/7, from anywhere in the world

• Use instead of Credit Cards - No risk of identity theft - No overdraft or over limit fees

EXAMPLE

BANK

• 50 BGN fee

• 15 BGN for exchanging EUR/BGN

• 3 working days

BITCOIN

• 0.12 BGN

• 30 min

Transfer 5000 BGN to any country in EU:

MERCHANTS LOVE BITCOIN!

- Reduced Risk - No charge-backs and no fraud

- Reduced Hassle - No compliance requirements or security risk

- Lower Fees – Much less than credit cards and PayPal

- Reach Globally - Accept payment from ANY country, ANY person, ANY time

BUSINESSES ACCEPTING BITCOIN

EXAMPLE

Bitcoin

• 0.00% transaction fee

• Maximum of 0.99% transaction fee (if want the amount in EUR/USD sent directly your bank account)

Credit cards

• Fees between 3% to 5% plus a fixed fee (€ 0.10-0.25) per transaction

• Startup and monthly fixed costs for point-of-sale systems

PayPal

• Payment receipt 1.9% + € 0.35 in euro

• Dealer conditions 1.7% + € 0.35 (up

to € 25K of sales)

• Micro-payments: 10% 0.10 €

• Fundraising: 1.2% + € 0.35

GETTING STARTED

Step 1 Get a wallet (Blockchain.info)

Step 2 Get Bitcoins

- Individual (LocalBitcoins.com)

- Merchant (bitpay.com)

Step 3 Spend Bitcoin (coinmap.org)

WANNA KNOW MORE?

https://bitcoin.org/ https://www.weusecoins.com/en/ http://www.bitcoinbg.eu/ http://www.reddit.com/r/Bitcoin/ http://www.coindesk.com/ http://bitcoinmagazine.com/ Andreas Antonopoulos Erik Vorhees

CONTACT

Alex Petkov

alex@bitcoinintegrator.bg