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Information Technology Blog provides you with information and links to computer tips, tricks, solutions, news and relevant information to IT related topics. Information Technology Blog features a collection of blogs containing links to information technology related software, hardware, news, cool sites, news on gadgets, where to get them, search engine optimization, and more.

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Information Technology Blog - - AdLock – How to Remove Ads from Your PC or Gadgets - Information Technology Blog There is nothing more irritating than random advertisements popping up on your computer whilst you’re trying to work, play a game or surf the web. Ridding your computer of pop up adverts can not only reduce your stresses, but it can also protect your machine from viruses and malware. Luckily, there is a way to … The post AdLock – How to Remove Ads from Your PC or Gadgets...

Information Technology Blog - - AdLock – How to Remove Ads from Your PC or Gadgets - Information Technology Blog

There is nothing more irritating than random advertisements popping up on your computer whilst you’re trying to work, play a game or surf the web. Ridding your computer of pop up adverts can not only reduce your stresses, but it can also protect your machine from viruses and malware. Luckily, there is a way to block ads from your PC or gadgets quickly and easily.

About AdLock

You will never quite understand the satisfaction of surfing the web in a smooth and stress free way until you have experienced AdLock free. The company created advanced software that allows you to filter out advertising on the Internet and stop malware from attacking your computer or device. Whether you’re being targeted by a phishing site or a page that hosts malicious software, you will be covered with our adblocker tool. If you have been wondering how to remove ads, then here is your answer.

Their products are being consistently improved by our hard working, efficient team who have the knowledge to create the ideal solutions for advertising blocking. Fresh ideas will allow users to keep their devices up to date so that annoying content doesn’t get in your way of your day to day browsing.

You could have a comprehensive ad blocking software that will exceed of your expectations. It blocks pop-ups, flash banners, video ads, banners with malware code, and internet bugs collecting your personal information. With this adblock for internet explorer or ad blocker for mac, apps, games, and instant messages will be absolutely ad-free, making for a smoother and more enjoyable web surfing experience. By blocking this unwanted content you will save valuable time and increase the speed of page loading on the internet.

Does it Work For Android?

If you’re wondering how you can block ads on an android device then why not try AdLock free? You will soon see how easy it is to run apps and surf without being interrupted by those annoying flashing ads. With this adblocker your personal data will be secured all suspicious requests are completely blocked. If your battery life has been poor recently, you will notice a huge improvement when you control your internet usage.

Imagine never running out of mobile data again? AdLock will help you to restrict internet access to certain apps or stay connected when your screen is on. As long as it is enabled on your phone you will always be protected from any unwanted spyware and bugs.

Does it Work For Windows?

You might be wondering how to remove ads from your Windows computer; you can use our software to adblock for internet explorer too. All pop up banners, text adverts and videos from browsers will be blocked. Your personal data will also be very well protected from any unexpected phishing attempts. There will be no more slow loading times when it comes to websites, as this soft can block ads that make your internet work slowly. When you click onto a suspicious URL AdLock will give you a warning before you are under threat from malware.

Does it Work For Google Chrome?

If you invest in block ads browser extension you will be protecting yourself when using Google Chrome. This extension is absolutely free, so you will never have to purchase, donate or accept this and it even serves as an ad blocker for mac. Your online security will be better than ever and online advertisers won’t be able to access your personal data. You can also expect much quick loading times with the Google Chrome extension, because pop up banners, videos and web page ads won’t be allowed to make their way onto your screen.

Why Choose AdLock?

You can try it completely free for two weeks; if you love how our blocker works then you will be able to purchase your activation code once the trial period has ended.

AdLock pays very close attention to every element of our development process, as our highly skilled team is dedicated to making the application extremely safe and trustworthy. We also have support on hand from our expert supervisors who are available to answer any questions at any time of the day. Additionally, we have a team of researchers who keep an eye on brand new types of advertising every day so that we can keep improving our product for you.

So use our enhanced filters to block various ad from your computer and mobile devices. Not only will you be able to enjoy longer battery life and quicker loading times, but you can also be sure that your device is safe from any threat on the internet.

The post AdLock – How to Remove Ads from Your PC or Gadgets appeared first on Information Technology Blog.

Information Technology Blog - - How to Protect Your WooCommerce Site from Hackers and Secure Your Customer Data? - Information Technology Blog The WooCommerce plugin is a blessing for the eCommerce industry. Whether you are an independent seller, a start-up, or an established brick-and-mortar store owner who is taking your business online, WooCommerce is for everyone. Clean and attractive designs, customization options, and ease of use have made it one of the most user-friendly eCommerce...

Information Technology Blog - - How to Protect Your WooCommerce Site from Hackers and Secure Your Customer Data? - Information Technology Blog

The WooCommerce plugin is a blessing for the eCommerce industry. Whether you are an independent seller, a start-up, or an established brick-and-mortar store owner who is taking your business online, WooCommerce is for everyone. Clean and attractive designs, customization options, and ease of use have made it one of the most user-friendly eCommerce plugins for WordPress websites.

How Can I Secure My WooCommerce Store?

With a shocking number of hacking incidences taking place in the world every day, security has become the top priority for any website. eCommerce websites are obviously in more vulnerable positions as they are responsible for customers’ financial details such as credit card/debit card numbers, bank details, CVV information, etc. A single data theft incidence can cause lethal damage. In this article, we’ll discuss several ways to secure your WooCommerce store.

Tips To Protect Your WooCommerce Website Check Your Webhost’s Security Measures

Choosing the right web host is crucial for security. If the only criteria you have for selecting a hosting provider is choosing the one with the cheapest rates, you are setting your business up for failure! You must choose a web host that provides multiple layers of security.

Research the features each web hosting plan offers. Do you read any or all of the following phrases?

• Up-To-Date Server Software
• Secure DDoS Defense
• Hack Protection
• Automatic Backups
• Daily Malware Scan
• Attack Monitoring and Prevention,
• Malware Protection
• Email protection
• Spam protection

Select the hosting provider that offers the majority of these security features. If you can’t find such features in a particular hosting plan’s product information, contact the hosting company’s customer care department and ask about their security features. If they charge extra for some of these security measures, include that price in the overall hosting cost while comparing the plans.

Bonus: Choosing the right hosting company can significantly improve your website speed, which ultimately boosts your SEO efforts.

Prevent Brute Force Attacks by Capping Login Attempts

Brute force attacks are very popular among hacker’s community, and they are quite dangerous, too. Brute force attacks occur when hackers have access to a pre-guessed database of millions of user IDs and passwords, which they set to automatically apply on a website’s login page with the use of bots until the correct login credential and password combination is found.

WordPress sites are more vulnerable to brute force attacks because WordPress allows unlimited login attempts. You can prevent the brute force attacks by limiting the number of login attempts a user can make in a specific period. Once the user makes, say, three to five unsuccessful login attempts, the system blocks that user temporarily for a couple of hours.

To enable this login limitation, install plugins like Loginizer, The iThemes Security, Limit Login Attempts Reloaded, WPS Limit Login, etc. They offer the lockdown feature and are easy to install and use.

• Change the URL and File Locations.
• The fundamental requirement of a brute force attack is having access to a site’s login page, where a hacker’s script can enter the millions of IDs and passwords. If not by brute force attack, there are many ways attackers can figure out your id and password. Once the attacker logs in to your WooCommerce admin panel, the damage they can cause is unimaginable! What if the attackers can’t find the login page on the first place?The default admin URL in WordPress is yoursite.com/wp-login.php or www.yoursite.com/wp-admin. If you make a unique URL such as www.yoursite.com/redrosesloginpage.php or www.yoursite.com/ihaveakitty.php, only the person with the correct URL can reach to your login page. So, even if an attacker gets access to your login credentials, they can’t find your login page. You can update URL using plugins such as iThemes Security or WP-DBManager.

• A website’s WordPress database is also a gold mine for hackers. By default, it has wp- table You can change it with some unique file name such as Johndoewp- or coolwp- or mynewwp- etc.

• Move the wp-config.php file from root directory to any other folder above the root directory.

• Encrypt the Data Transmission

When someone provides their financial information (such as a credit card number, CVV, and card’s expiry date) or personally identified information (PII) (such as full name, email id, password, address, phone number, etc.) on your WooCommerce store, the data is transmitted in plain text.

If hackers manage to get access to that data, they can easily read, interpret, and use that information. Attackers are so advanced these days that you can’t do much to prevent them from getting access to the transmitted data. All you can do is to encrypt the data using a robust algorithm so that the hackers can’t interpret the data once they get access to it.

To facilitate encrypted communication, you need to install an SSL certificate on your website. An SSL certificate encrypts the connection between the user and the server by creating a secure channel. The encryption is done with 2048-bit strong digital signature and 256-bit longer encryption key, which is almost impossible to break. That’s how all the data transfer between your clients and you remain secure.

Many hosting sites offer free domain validated (DV) single domain SSL certificates. Unfortunately, free SSL doesn’t come with any warranty. So, if the encryption fails, you’re on your own. If your hosting provider allows third-party SSL, get a commercial SSL with a reasonable warranty, which can cost as little as $10/year with a $50,000 warranty.

Bonus: An SSL certificate will remove the “not secure” warning from the web address bar and place a padlock symbol in front of your domain name and enable HTTPS. Furthermore, Google rewards encrypted websites with better rankings on its search engine results page (SERP).

Without an SSL/TLS certificate:

With an (EV) SSL/TLS certificate:

Install Two-Factor Authentication (2FA)

Many organizations, especially financial institutes, are enabling two-factor verification for their users. When users log in to their account or make any financial transactions, they need to pass through another layer of security along in addition to using their traditional password. Users receive a one-time password (OTP) or verification code via mobile or email, which they must provide to proceed further.

You can enable two-factor authentication on your WooCommerce store’s login page. And the best part is, it’s FREE with the Google Authenticator plugin. Plus, it has the option of sending the verification code in SMS-text message, too, so even if your phone isn’t connected to the internet, you won’t find any issue in getting the code.

In fact, you should enable 2FA for all your customers’ login accounts. So, even if their login credentials become compromised, no unauthorized person can log in to their account.

Keep All IT Hardware and Software Updates and Patches Current

Many software and plugins developers release updates to fix vulnerabilities in the previous versions of their products. You must immediately update your WooCommerce plugin whenever an update is released. In fact, you should update all WordPress components as soon as any updates or patches roll out. Why is it so important? Because updates are there for a good reason. The developer teams continually monitor their software to identify and eliminate vulnerabilities. If you don’t install their updates, hackers can exploit these vulnerabilities to attack your website.

Note: The Managed WordPress hosting plan such as Kinsta, Bluehost, WPengine, FastComet SiteGround, Flywheel, etc. can automatically update all WordPress components.

Implement Stronger Password Protection Method

If you think you’re serious about your passwords and never use a weak password, that’s awesome! But, can you guarantee that your customers, vendors, and other users (such as employees, co-admins, etc.), who also have logins on your website are as serious about passwords?

In reality, people tend to choose passwords that are easy to remember — like their date of birth, parents or spouses’ names, pets’ names, any object or phrases, etc. The UK’s National Cyber Security Centre reports that “123456” was the most common password used in 2018! You must ensure that everyone who has a login account on your WooCommerce store — whether your co-admins, co-partners, employee or any outside visitor — has a strong password. For that, use the Force Strong Passwords plugin, which forces all of your site’s users to use strong passwords.

You can also use password managers like Password pointer, 1Password, LastPass, Secure Password Generator, Disable Post Passwords, etc.

You can password protect some parts of your admin dashboard, too, via .htaccess or cPanel. So, even if a hacker gets access to your admin account’s login credentials, they can’t access the crucial parts of the admin dashboard.

Other Security Measures

There are several other security methods you can implement to increase the security of your WooCommerce store site:

• Create and maintain a backup of your website. If your hosting provider doesn’t enable automatic backups, you can do it yourself using plugins such as BackupBuddy, BackWPUp, BackUpWordPress, etc.
• Use firewalls such as Sucuri, Cloudflare, Sitelock, WordFence, etc.
• Make sure only your FTP account has “write” access to the root directory, wp-admin, wp-includes, and wp-content.
• Don’t use “admin” or your store’s name as your user ID for the admin account. Use email ID or any unique word as your login instead.
• Disable trackbacks and pingbacks by adding following code to the .htaccess file:

# START XML RPC BLOCKING

<Files xmlrpc.php>

Order Deny,Allow

Deny from all

</Files>

# FINISH XML RPC BLOCKING

• Only use trusted and premium themes.
• Your website must be PCI-DSS (Payment Card Industry Data Security Standard) compliant.

Wrapping Up

Running an online store is courageous. It’s not only because the competition is cutthroat, but also because some people are reluctant to trust any new online store due to the increased rate of cybercrimes. Customers’ trust is the most valuable asset any online business, and that trust must be maintained at any cost.

Follow all of the aforementioned security measures in your WooCommerce store and keep yourself informed of the latest online security practices. In online business, as Benjamin Franklin would say, “an ounce of prevention is worth a pound of cure.”

The post How to Protect Your WooCommerce Site from Hackers and Secure Your Customer Data? appeared first on Information Technology Blog.

Information Technology Blog - - Some Smart Techniques to Boost Profits for Your Business - Information Technology Blog As an entrepreneur, you must focus on the profit that your business is generating. You must constantly keep track of your bottom-line. You would agree that all kinds of businesses from web design agencies to home security companies and law firms too, need to be profitable to remain operational and to establish a niche for … The post Some Smart Techniques to Boost Profits for...

Information Technology Blog - - Some Smart Techniques to Boost Profits for Your Business - Information Technology Blog

As an entrepreneur, you must focus on the profit that your business is generating. You must constantly keep track of your bottom-line. You would agree that all kinds of businesses from web design agencies to home security companies and law firms too, need to be profitable to remain operational and to establish a niche for itself in the industry. How could a business boost its profitability?

It takes a lot of determination, dedication, and hard work to boost profits in business. After all, business is not all about what you are making but it is more about what you are keeping. You must manage your business efficiently to generate the kind of profits you are looking for. If you are thinking of jumpstarting the profit-making process, you could explore some simple ideas discussed below and be sure to generate a tremendous amount of profit for your business.

Raising the Product Prices

Raising the product prices is certainly the best way of boosting your profits. As an entrepreneur who is trying his best to stay competitive and provide his products at affordable prices, you may be quite reluctant to raise the prices. But it may not be necessary to hike the prices significantly; you have the option of raising the prices by just about 3% which would be just right for your business. It would be letting you boost your profitability and at the same time, remain competitive.

Lowering the Costs

Consider studying the supply chains in the local market area.  You must ensure that you are able to get the top quality products at the lowest costs possible. You must remain updated with the latest developments and changes taking place in the supply chains in your local market area. Remember you have the right to renegotiate the deals if your suppliers are not providing you the right prices. Whenever possible try to keep the supply costs down. It is important to lower your prices whenever possible just as it is necessary to hike the prices to boost your profits.

Eliminating the Deadweight

It is of vital importance to make sure that all aspects of your business are performing optimally. If some employees are incompetent and not performing up to the mark, you could set a deadline and ask them to buck up and raise their performance standards or else face the ax. Despite the official warning if those employees are not performing as per your business requirements and expectations, you have the right to terminate their services. When some of your staff are not dedicated or determined enough to work toward achieving company’s goals or fulfilling company’s vision, you are simply wasting your money on those incompetent people. Get rid of them and save some money. If your business faces debt issues ever, it is best to browse through debt settlement reviews for more information and perfect solutions.

Boosting Your Business Leads

Generating business leads is a great way of making your business far more profitable. You must have understood the implications of lead generation if you are already in some business associated with the real estate, direct sales, or even the law firm. Leads are supposed to be the lifeline of your business and you must essentially focus on lead generation if you want to boost profits for your business.

When you pump up your leads, you could get more customers and ultimately it would culminate in more profit margins for your business. The top lead generators usually have an effective strategy to follow and a wonderful network for implementation of their strategy or plan.

Today, huge amounts of leads are generated via social networking sites such as Facebook, Twitter, LinkedIn, Google Plus, and Instagram and many such popular social media platforms can effectively expose and promote your business to a much wider audience.

Enhancing Your Salesmanship

You need to sharpen your sales skills from time to time. Ensure that you are smooth and comfortable while pitching your business or company to your target audience. In the case, you are not very competent at salesmanship, it is a good idea to enroll in a sales seminar to rope in the business tricks for boosting more leads and hence, more profits for your business.

You must have a brilliant sales team comprising proficient professionals who are capable and quite comfortable in their respective roles. A well-informed and highly-skilled sales team could boost sales by as much as almost 46 percent or even more.

You must have a sound knowledge and understanding of your business and your team must be well-equipped to achieve success in business and to exceed customer expectations.

Relying on Excellent Presentation

Remember flawless and appealing business presentation is supposed to be the actual key to success. You must focus on the best facet or feature of your business and make it the ‘Unique Selling Point’ or USP of your business. For instance, if you own a home security agency and you are supposed to be the only company among all your competitors that is providing live monitoring services, you could use this fact as your USP.

If your customers are constantly associating your business with something, know what all is happening and capitalize on such a wonderful reputation. You could make it the focal point for all your smart business presentations and be sure to attract more customers and drive more traffic to your online business website.

Have a Competitive Edge

You must always stay ahead of the competition. You must try to do something that is unique and that none of your competitors have achieved so far. If your business is able to maintain a relatively higher standard than the rest, you are sure to attract repeat customers and enjoy repeat business again and again.

Chalk Out a Low-Cost or No-Cost Marketing Strategy

Even though nothing in life actually comes free, you may come across certain things that could be done without spending any money or at absolutely no cost. You could make maximum use of the social media platforms to effectively promote your business to a much broader target audience.

Organic likes and shares would be attracting more people and driving more traffic to your business site online. Moreover, you have easy access to a host of tools that could effectively make your business far more profitable.

Conclusion

The successful road to profitability for your business would include a focus on reducing costs effectively and optimizing revenue. Controlling costs and getting rid of wastes are vital to business success and they help boost the bottom-line of your business. Successful business owners actually chalk out effective business stratagem that is actually driven by sales. You may consider implementing the simple ideas discussed above for generating more profit.  If you are a non-profit trying to raise funds for a special cause, you may also consider a crowdfunding or donation platform to help jumpstart your endeavor.

Republished by Blog Post Promoter

The post Some Smart Techniques to Boost Profits for Your Business appeared first on Information Technology Blog.

Information Technology Blog - - Emergent Risks in 2019 Facing Financial Services - Information Technology Blog The security of financial information has always been a cause for concern. The data that the financial industry collects grows vastly every year. The financial sector has made significant advancements in terms of digital integrations. So much so that customers do not need to go to banks to transact physically. These advancements carry with them … The post Emergent Risks in 2019...

Information Technology Blog - - Emergent Risks in 2019 Facing Financial Services - Information Technology Blog

The security of financial information has always been a cause for concern. The data that the financial industry collects grows vastly every year. The financial sector has made significant advancements in terms of digital integrations.

So much so that customers do not need to go to banks to transact physically. These advancements carry with them some risks. With time the risks keep on evolving. The regulatory bodies that keep an eye on the financial data always add new guidelines to avoid emerging risks.

The preferred form of storage for financial data is in the cloud. Cloud storage requires a high level of cyber-security and continuous monitoring to ensure the information is secure. Maintaining a good cyber-security posture is vital to keeping malicious parties at bay. Malicious parties always try to breach the cloud infrastructure to steal personal information, authentication, or company secrets.

What are the Standards and Regulations Governing Financial Services?

Over time, several standards and regulations have been established to assist companies to stay cyber secure (NIST, PCI DSS, ISO 27001/27002, CIS etc.,). Compliance to the regulations and standards ensures that a company is up to date on cyber-security measures. The penalties of non-compliance and breaches offer enough incentive for financial institutions to comply with the necessary regulations. Here are some of the rules governing financial services, especially in relation to their marketing of services.

California Consumer Protection Act (CCPA)

The consumer act is mostly for profit-making entities with high revenues, transactions, and earns over 50% of revenue from selling personal information. If a firm that meets the requirements has a controlling interest in a subsidiary, the act also applies to the subsidiary. The statute is only applicable to businesses, services, employees, customers of goods, and services living in California.

The act tends to work mostly on permanent residents more than temporary residents of California.

General Data Protection Regulation (GDPR)

The GDPR has a broad privacy law that covers a wide range of EU. The regulation includes EU citizens, data controllers, data processors, and those who encounter the financial services outside of the EU. GDPR seeks to protect identifiable data from malicious parties. The regulation stipulates that financial services should provide an opt-out option for clients who want to withdraw their consent on transacting. Every user of the financial services should be aware of the opportunity.

Also, financial services should have a system that allows users to request the deletion of their personal information from the system. As a security measure, it minimizes the risk of information theft relating to dormant, unnoticeable users.

How do Emergent Threats Affect Financial Services?

A report released in 2019 by Verizon Data with regards to the impacts of breaches to financial services uncovered some interesting facts. The investigations show the trends of cyber-security threats.

The financial services may have new sources of breaches to consider as follows:

The Seriousness of Violations

The financial services industry is the top fourth industry that is a target of for malicious parties. The kind of information held by financial services is a beacon for malicious parties seeking to steal it.

Top Three Target Categories

There are three categories that threat actors can compromise more quickly than others. They include web applications, miscellaneous errors, and privilege misuse. Web applications require high cyber-security precautions to prevent a breach. Errors need correction promptly after discovery. All authorization to parties who interact with privilege information needs continuous monitoring. Internal breaches are fast becoming the norm in the financial service industry.

Main Sources of Threats

The Verizon report shows that 72% of breaches originate from external parties. What is shocking is that 36% of the breaches originate from within the companies. Meaning more authorized users face the temptation of tampering with confidential information. Only 2% of the violations required partnering. Out of all compromises, 10% involved multiple parties. Meaning collaborations are being made to breach different security features in financial services.

Type of Data at Risk

The kind of data that malicious parties want to steal can give the financial service industry hints on areas that require additional security measures. 43% of data breaches target personal data. 38% of data breaches target credentials, and the other 38% involves private information. Getting company credentials and learning company secrets makes the financial service industry more vulnerable to cyber-attacks.

Financial services institutions must ensure all the data they collect is secure. Implementing regulatory guidelines can significantly assist in preventing security breaches. Regular audits and continuous monitoring go a long way to provide identification of threats in the early stages. Reviews also reveal the security controls that you need to update to keep financial information safe.

You can find tools and devices like preparing a risk management plan to assist you in maintaining compliance. This can help you conduct risk assessments, monitor data, document activities, and generate regular reports on the cyber-security position of the organization.

The post Emergent Risks in 2019 Facing Financial Services appeared first on Information Technology Blog.

Information Technology Blog - - How IT Support Companies Can Better Connect With Clients - Information Technology Blog The reality is that there’s a massive gap between how you communicate and what your clients can understand (unless you’re speaking with a CTO of course). This article’s purpose is to bridge that gap so that you increase sales, improve your relationships, and set the right expectations with your clients. Start Appreciating the Small Things … The post How IT Support...

Information Technology Blog - - How IT Support Companies Can Better Connect With Clients - Information Technology Blog

The reality is that there’s a massive gap between how you communicate and what your clients can understand (unless you’re speaking with a CTO of course). This article’s purpose is to bridge that gap so that you increase sales, improve your relationships, and set the right expectations with your clients.

Start Appreciating the Small Things

A birthday card goes a long way. So does a round of sandwiches. Every once in a while, it will dramatically help your personal relationship with your clients if you send them a nice gift. According to Fresno IT Company BCT Consulting, no other IT companies are nurturing personal relationships with their clients. Establishing this connection will set you apart from your competitors and help you sustain long-term client growth through higher retention and referral rates.

Talk In Your Client’s Language

Sometimes, people get so caught up with talking and selling that they forget to listen. This is especially true in the tech field. 90% of your sales process should be listening. Pay very close attention to the verbiage that your client uses so that you can understand where they are coming from.

A practical way to apply this is for example, ask your client what the three most important things to them are. Then make sure to repeat that exact verbiage back to them. This simple exercise in language will make your client feel understood and will help build the trust youu need.

Drop the Jargon

This one is pretty simple – drop the jargon. Stop talking about things your client doesn’t understood. The minute your conversation gets too complex, their brain will either shut off or start stressing out. Instead of trying to show off your expertise, showcase your happy clients.

According to Trust Pilot, one of the greatest influencers when a client is making a buying decision is social proof. They want to make sure that you’ve delivered to other clients. In short, build trust through social proof, not jargon.

Go to the Bar

Another major factor when people make a buying decision is if they like you. Unfortunately, most tech nerds don’t have the best interpersonal and social skills, and it’s painfully obvious during client meetings. If you come off as the stereotypical tech nerd, then the client will unconsciously start boxing you into stereotypes – robbing you of the chance to show your skills and worth.

So, hone those social skills. Go the bar, stay sober, and talk to strangers. Become the extroverted introvert. Become a likeable person.

The post How IT Support Companies Can Better Connect With Clients appeared first on Information Technology Blog.

Information Technology Blog - - Bitcoin, The Number One Cryptocurrency – Who Accepts It As A Form Of Currency? - Information Technology Blog Fintech has developed greatly since the early 1900’s, and we have seen a range of important technologies emerge such as ATM’s, payment networks, and visa cards, to name a few. In the last decade, we have seen a new type of Fintech blossom – cryptocurrencies. Cryptocurrencies are digital currencies that often use blockchain technology. This … The...

Information Technology Blog - - Bitcoin, The Number One Cryptocurrency – Who Accepts It As A Form Of Currency? - Information Technology Blog

Fintech has developed greatly since the early 1900’s, and we have seen a range of important technologies emerge such as ATM’s, payment networks, and visa cards, to name a few. In the last decade, we have seen a new type of Fintech blossom – cryptocurrencies.

Cryptocurrencies are digital currencies that often use blockchain technology. This type of currency has no centralised control and no actual physical coins or banknotes. One of the most prominent cryptocurrencies to appear is Bitcoin. This article looks at what Bitcoin is and how it is being used in modern society.

What is Bitcoin?

At its most basic, Bitcoin is a cryptocurrency and a payment system. Bitcoins are “mined” using a mining process – servers or individual computers will perform a record keeping service and add new bitcoins to the Bitcoin blockchain network. Miners must comply with various rules and procedures such as providing proof of work.

All Bitcoin transactions are recorded and processed through blockchain, which is a form of public ledger. This ledger contains transaction data and is also used for validation. At any time there is only a certain number of bitcoins in circulation, and as with other currencies, the value of bitcoins fluctuates.

Why Is Bitcoin So Popular?

Bitcoin as a currency offers numerous benefits over traditional currencies. Firstly, it provides extremely quick transactions in comparison to other online payment methods. Secondly, it provides a greater level of security as all transactions are encrypted and visible on blockchain ledger.

Finally, Bitcoin transactions are extremely cheap. In most cases, there are no associated fees at all. In short, it is a faster and more secure form of payment that also carries less risk for merchants.

How Is Bitcoin Currently Being Used In Business?

Although Bitcoin is not universally accepted as a form of currency, it is certainly gaining traction and many businesses are already accepting it as a type of payment. Many businesses refrain from using Bitcoin due to its unconventional nature. It is a departure from traditional currency and payment methods, and it does still remain volatile in its price.

As Bitcoin develops and more financial institutes provide backing to it, we should only see an increase in its usage.

The following are some businesses who already accept Bitcoin payments:

• PC distributor DELL
• Lingerie manufacturer Victoria’s Secret
• Online travel agent Expedia
• Hotel booking website Hotels.com
• Fast food chain Subway
• Telecommunications company T-Mobile
• Online coupon marketplace Groupon
• Electronics giant Apple
• Visit https://icoholder.com/blog/places-accept-bitcoin for 250+ more places that accept bitcoin

As you can see, Bitcoin is becoming recognized in a wide variety of markets and industries. If you take a look at the infographic below, you can see a host of other businesses who are also accepting Bitcoin payments. Please note that there will be other companies who do accept it as payment, but this infographic represents some of the most well known and influential businesses who are currently setting the trend.

URL: https://www.16best.net/blog/who-accepts-bitcoin-infographic/

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The post Bitcoin, The Number One Cryptocurrency – Who Accepts It As A Form Of Currency? appeared first on Information Technology Blog.

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