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Use of AI to Write Assignments, Is it Worth It?

Since it was first developed in November 2022, ChatGPT has taken the academic world by storm. In this digital age, students can use artificial intelligence text generators like this one to write essays and assignments for them.

Sure enough it’s a useful tool as it can produce answers to questions on a variety of subjects or even when the subject doesn’t exist (break up songs in the style of Tailor Swift, anyone?).

But despite all the fun and potential, there’s no denying the risks which come along with using technology like this whilst studying at university – most notably, but not limited to academic plagiarism.

Bending the rules, or if we want to be more straightforward – cheating, has always existed in academia; from students paying others to complete their assignments for them, to the old fashioned sneaking in notes to exams,copying answers from friends, or copy and pasting information found online, and so forth.

It’s not a new phenomenon for any generation but Gen-Z has managed to take the challenge to a new level. The perfect recipe for a disaster if you’re a teacher or a lecturer – “fake writing” is becoming harder to spot and easier to do as technology develops.

The question is, does it really work? What are the risks of using software like ChatGPT and other AI-powered copywriting variations as a university student?

ChatGPT students

Does Using Artificial Intelligence Really Work?

Whether you’re a fan of it or not, there’s no denying that artificial Intelligence has begun taking over the world, with art and literature being the starting points for the rapidly growing technology. And as with any new trend, it makes sense that GenZ students are eagerly jumping on the craze.

It’s not just text to image creations that artificial intelligence programmes can produce, they are now able to generate written content from essays to assignments, to poems, to emails, to song lyrics and blog posts – the opportunities are endless.

One of the most notable AI writing software’s is ChatGPT which can help create content in a matter of seconds.

The chatbot was developed by Open AI, the same company which produced DALL-E, and uses natural language processing and machine learning algorithms to produce many forms of written word.

This free software can help replace spending hours on Google or (so ancient) at the library, as you can ask it questions and prompts in a human-like conversation.

Need a list of the best restaurants in your local area – you’ve got it. Last-minute assignment – ChatGPT can write an essay on a specific subject, just add the quotes.

Nervous about writing a cover letter for your university application or first job – you guessed it, it can do that.

In just the first five days of the software’s release it reached 1 million users and it doesn’t stop there.

Now a few months on, more and more people across the globe are tuning in to use the technological game changer, especially those in academia.

Does Using Artificial Intelligence Really Work? 

How To Use ChatGPT

If you’re wanting to try out ChatGPT for yourself, you simply need to sign up to make an account with your email and you can begin to type in prompts and gain detailed responses.

ChatGPT is available to use on both desktop and mobile with an easy navigation on both interfaces, so you can take your pick between either. We tried the large language model out on both a desktop and phone, both are easy to use and you can simply begin asking questions right away.

ChatGPT on desktop: 

ChatGPT on desktop: 

ChatGPT on mobile: 

ChatGPT on mobile: 

We asked ChatGPT several different prompts, including asking it to write an essay for us on artificial intelligence, it took only seconds for an answer to be generated.

chatgpt write essay

We then typed in “explain academic plagiarism in simple terms” to which the AI programme produced a quick human-like response. You can even ask it to regenerate the response for a new answer.

explain academic plagiarism chatgpt

Try it out for yourself and see what prompts you come up with, and what the responses are.

The AI software is currently free as it’s in research preview, meaning the creators are gaining users’ feedback and learning about the strengths and weaknesses. It’s likely in the future there will be costs to use ChatGPT, once it’s fully developed.

And considering its current popularity amongst the GenZ in higher education, will students get a discount?

What Are The Risks For Students?

Artificial intelligence opens up so many possibilities for the future of academia, but software like ChatGPT raises too many questions for the modern education system.

The whole purpose of writing assignments whilst at university is to learn how to write and develop skills which will not only take students through the degree, but into their adult life too.

However, let’s be realistic – students have been trying to find shortcuts around writing assignments since the beginning of time (or at least since the first university).

If the technology is available, and even more temptingly – completely free, it is almost naive to think it won’t be quickly put into practice.

Whilst the new artificial intelligence tool can be undoubtedly useful, it can be just as dangerous for the new generation of students who utilise this technology. If you’re going to use ChatGPT, you should be aware of the risks it poses.

student using chatgpt

Academic Plagiarism

Currently it may be hard to detect whether an assignment or essay is produced by an AI software like ChatGPT as it’s a completely new phenomenon, but it’s not impossible.

Research suggests that Turnitin will be able to catch students who have used AI within their assignments in the near future.

It’s not just plagiarism checkers which can help determine whether content is written using softwares like ChatGPT, universities themselves may be able to tell whether their students have used it to write essays or assignments.

We all have our own individual writing style, and your lecturers will know how you write. It is not impossible to imagine a future in which an entry in-person exam is introduced to simply familiarise lecturers with someone’s writing.

It might sound even wilder, but going back to a fully pen and paper exam season is also a possibility. Students who start churning out text-book level responses which are first class standard will more than likely get alarm bells ringing, especially if they don’t compare to previous submissions.

Academic plagiarism is a serious form of cheating and misconduct which can have huge consequences, including impacting your university place.

Universities in the USA have already banned the use of the software on their servers. Australian universities are returning to traditional methods of assessments of pen and paper due to students being caught using AI to write essays.

Lecturers within the UK have been urged to look at the way courses are assessed due to concerns over the AI tool. Could UK universities be next to ban the software?

Academic Plagiarism 

Accuracy Of Content

If you’ve already used ChatGPT, you may have noticed that it’s not able to answer every single prompt that you type in.

This is because its data only goes up to 2021 so it currently only has knowledge of the world and events before this time, and it also is able to reject inappropriate requests.

Further limitations of ChatGPT is that it occasionally generates incorrect information as it’s not a search engine, which means it doesn’t search the internet for information and instead uses data to produce responses.

So, of course this can lead to a very inaccurate essay submission. Artificial intelligence softwares like ChatGPT cannot replace human creativity (just yet)!

Accuracy Of Content chatGPT

Crisis To Learning

Aside from the risks involved with academic plagiarism from using artificial intelligence software’s, it can also lead to a learning and development crisis because students won’t build critical thinking and problem solving skills.

The skills and knowledge you gain from writing assignments and essays at university are not only a way to grade work and determine academic capability, they’re also knowledge and practice which will be carried into the working world following graduation.

At the end of the day, in the majority of cases students are the ones paying for their own education so as the saying goes, you’re only kidding yourself by using AI to write assignments.

Writing for exams and other assessments will remain a necessary skill, even though AI is here to stay.

We’re not suggesting the use of artificial intelligence softwares like ChatGPT is completely negative, as it’s all down to how they’re used, but it can be problematic.

crisis to learning chatgpt

Moderate Use

We all know the phrase everything’s good in moderation, and it applies in this instance too.

Using artificial intelligence softwares for research purposes can be great, but one must ask themselves what skills are gained from copying and pasting AI produced content for a degree that is meant to broaden the mind?

Is it really worth the money spent on tuition fees? Perhaps this method of cheating on academic writing may even fill us with guilt, or at least lead to awkward situations in the future?

We’d suggest if you’re going to use artificial intelligence, to use it wisely. It can be a great way to get the spark going, or save some time on repetitive writing, or help with brainstorming ideas on keywords or topics for the slightly less-creative minds out there.

We’d say use and learn from software’s such as ChatGPT, but make sure not to rely on them.

moderate use of chatgpt

Does The Education System Need To Adapt?

Artificial intelligence may place many implications on global education systems, but it can undeniably be a useful tool which can help modernise academia, rather than ruin it.

As technology develops, so does how we’re taught and how we learn. If we take a look at how technology has revolutionised the UK education system for Gen-Z, do you remember the first time electrical whiteboards were introduced into your primary school? Or when you were first taught about virtual learning environments in high school?

We wouldn’t have been able to achieve effective learning during the pandemic without the use of technology and online resources either. Whilst it may be a completely different ball game with the developments in artificial intelligence, these types of software could be used to aid learning rather than threaten it.

In the years to come, artificial intelligence is only going to become more modernised and develop further, so isn’t it best for entrepreneurial GenZs to get on board with it as early as possible? Should universities and academic institutions learn to coexist with artificial intelligence technologies?

From an academic perspective, there’s no denying there are plenty of possibilities. Artificial intelligence software’s may be immensely useful tools, and allow students the ability to write quickly and effortlessly, but it doesn’t mean they come without consequence.

education system chatgpt

Perhaps educating students on how to effectively use artificial intelligence software’s in a way which isn’t plagiarism or impacts their learning and critical thinking is the starting point for educators. 

Whilst AI certainly works for writing assignments, it doesn’t mean the pros outweigh the cons. It’s important that students understand the risks and implications from using AI tools in academia. 

If you’re caught using ChatGPT in your assignments the consequences can be serious, including impacting your university status. Is a quick and easy fix from writing your assignments or essays yourself worth the consequences?

On the hunt for the ideal assignment help? Check out our order page.

Credits – Homes For Students 

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How to write a successful argument

STEPS to a SUCCESSFUL ARGUMENT

How to write a successful argument

THE OVERVIEW

An Argumentative essay takes a position on a debatable issue, such as abortion rights, same-sex marriage, gun control, tax increases, and so forth.

In writing your argumentative essay, you think out the issues and take a position, which is called your thesis. You use the body of your essay to defend and explore your position. The goal is to persuade the reader to agree with your side of the issue.

THE STEPS

  1. Create a Strategy by exploring both sides of the argument and considering who will be your audience. To do this you will LIST the arguments on both sides of the issue and take notes on whom your readers will be.
  2. Consider the Merits and Weaknesses of Both Sides by looking over the lists of arguments and weighing them against how you previously felt about the issue. You also reconsider the audience as you do this.
  3. Take a Position by writing out your thesis. This is your firm stance on the issue.
  4. Create an Outline by using the items in your list that support your side of the issue.
  5. Draft an Introduction that clearly states your thesis, your position, and invites the reader into your argument.
  6. Use the Body of the Essay to Support Each Point in Your Argument with specific evidence. You may want to use statistics, evidence, examples from real life, expert opinions, and other reasonable sources of evidence.
  7. Present and Refute Opposing Arguments by drawing from you original lists. Show the weaknesses and problems in the other side’s position. This will bolster your case.
  8. Build a Link to Your Readers by finding some common ground between the two sides. This is often done by sharing the common values underlying a position on an issue, such as a sense of justice or fairness.
  9. Be Sure to Avoid Common Mistakes in Reasoning by carefully using inductive and deductive reasoning. Inductive reasoning means: you arrive at a conclusion based on several facts. Deductive reasoning means you reach a conclusion based on premises, which may or may not be proven true. Also be sure to avoid logical fallacies, such as making hasty generalizations, using circular language, or employing biased language.
  10. Always provide a thorough bibliography for your well-researched argument essay.

(taken from Rules for Writers, by D. Hacker [pp. 348-361])

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Vulnerability to Natural Hazards

Vulnerability to Natural Hazards

The topic of the society’s vulnerability to hazards and natural disasters is one that captivated further interest and attention after brief analysis on the issue. Vulnerability in this case refers to the potential of a group of people to be able to cope with a natural hazard (Wisner, Blaikie, Cannon, & Davis, 2003). When a hazard causes a disaster, numerous people get injured and killed. The situations tend to be gruesome to the people affected but it does not affect everybody equally. There are people who are more susceptible to certain natural hazards than another group of people. Vulnerability to natural hazards differs from region to region. For example, people who live in an area that is a plateau and is near a large water body they are most likely to suffer from floods. Regions that are close to tectonic plates are more likely to experience earthquakes than other places. My research would like to involve what factors lie behind the vulnerability, what affects other areas more than others and how can the issue be improved or how can the people protect themselves. My interest in this segment was sparked by various factors that I came across. Most researches and work done on natural hazards do not look at the vulnerability angle of the society but rather concentrate on the triggers (Wisner, Blaikie, Cannon, & Davis). Events that took my keen notice into the research were to specific ones: Haiti’s natural hazard and disasters experience and the Dhaka area in Bangladesh that is populated with squatters within the area. Both these regions have something in common: They have been key witnesses of natural hazards which have led to insurmountable amounts of damage that have set them back. I was curious to the factors that made these areas more vulnerable to the hazards as compared to other places which have fairly similar experiences but are able to maintain their progress. The research topic is well connected with content we are learning in class that is related to natural hazards and its geography. Through the content I have learnt in class I have been able to apply it and to understand how to approach a topic of research. Vulnerability of these regions gives a deeper scope of knowledge that I have learnt about natural hazards and disaster in our class.

For me to be able to learn more about vulnerability and how its related to natural hazards I had to first go through the historical experience of Haiti and disaster. Throughout time, the region has experience a continuous torrent of earthquakes and floods. Based on archived information and newspaper articles, I was able to really dig deep into articles providing the statistics of Haiti’s experience of with hazards (Jones, 2016). In 2008, Haiti was badly devastated by four storms which left almost 75% of its farm land destroyed and cost the life of 800 people (Jones). In 2010, they experienced one of the worst disasters in history. An earthquake left around 90,000 people killed and over 1.5 million people lost their homes. The information was able to really put into perspective the tragedy that the hazard had upon the people and the disaster they experienced. The research was able to provide to me information on the vulnerability that made Haiti vulnerable by the natural hazard. It was more than just their geographical location but factors such as instability in their political circle and high amounts of corruption (Jones). For information on Dhaka and the factors that also made it vulnerable to the disasters I was able to find reliable sources of information from research done on the area (Wisner, Blaikie, Cannon, & Davis).

While undergoing this research I was able to find certain important factors that have been given considerable thought. In relation to vulnerability to hazardous natural factors, one key component that determines how much impact the disaster will have upon the region are certain human factors (“Vulnerability to Natural Hazards”). Some of the factors involved are the wealth of the people in the region. Rich people are able to access medical help and have more stable housing as compared to impoverished people which will make them experience the disaster differently. Education is a major component as people who have knowledge on dealing with hazardous situations can be able to protect themselves more adeptly than those who do not. Governance was also shown to be of key importance as they are the ones who develop policies that can reduce the vulnerability of the people to potential natural hazards. Other important factors include age of the people affected and the technological advancement of the area.

To limit my coverage of the topic I have decided to only look at vulnerability and factors that propagate it to make the society less protected to natural hazards. As significant as the hazards and disasters are by themselves, I will not delve into that but concentrate on how the people make themselves vulnerable to the situations. I will dig deeper and uncover more analysis on various areas that have lower vulnerability to hazard compared to those that have a higher amount like Haiti, and compare what the safer areas are doing to protect themselves.

 

References

“Vulnerability to Natural Hazards”. (n.d.). Retrieved May 6, 2017, from https://www.e-education.psu.edu/geog030/node/379

Jones, S. (2016, October 4). Why is Haiti vulnerable to natural hazards and disasters? Retrieved May 6, 2017, from https://www.theguardian.com/world/2016/oct/04/why-is-haiti-vulnerable-to-natural-hazards-and-disasters

Wisner, B., Blaikie, P., Cannon, T., & Davis, I. (2003). t Risk: natural hazards, people’s vulnerability and disasters 2nd Edition.

 

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Writing your Research Report

Writing your Research Report

Topic: The topic of the research final paper is open to the interests of the students. Students should find a question they would like to answer using the statistical techniques learnt in class.

To find the topic of your final report you need to start from a broad perspective looking at some general idea that you would like to explore. For example, let’s say that you would like to look at the relationship between interest rates and the economy. This is a very broad topic and you need to start doing research looking to specify your main research question. In figure 1 we can see all the different sub-topics, or more specific areas, in which we can divide our broad topic.

Interest Rate and the Economy

Figure 1

We could list more sub-topics than the ones we represented in Figure 1. However, we need to pick one so we can have a more focused research topic. Let’s assume that we choose to research the question regarding the impact of interest rates on the growth of construction in the United States. Once that we decided what our topic is going to be, we need to solve three main issues regarding our research project:

  1. Review of literature: we need to research what other people have done previously. Especially, we need to find peer-reviewed publications of researchers that have worked in this specific area and look at their results. To find other research you should go to the website of the UNF Library and search for research papers in this specific area. The following is a guide on how to search the library at UNF:
    1. Enter the Library website and in that website you click on Databases by Subject
    1. Once you click that link a new page will open, which will show you all the different databases of research articles according to the disciplines of study. In our case, we will be interested in the Business (Finance, Investment, International, Management) and the Economics and Geography databases. The specific database will depend on the research topic you choose.
    1. In our specific example, we should click on the Economics and Geography link. There a list of databases will appear. You should select one of them. Let’s say that we pick EconLit.
    1. Once we picked EconLit, a new page will open, where we can start searching for research reports. Then, if we find one that we believe is germane to the selected topic, we can download it and read it and use it in our review of literature and reference sections.

It is important to remember that when we read other people’s work we are looking for the following:

  1. How they addressed the research question
  2. What data they used?
  3. What kind of statistical technique they utilized?
  4. What conclusions they reached?

This will allow us to move further in our research project and to be able to understand how to perform our task.

  1. Data Availability: once we do a review of literature we should be able to tell what kind of data we need to do our research project. At this time, it is very important to be able to find out if the data is available and where we can find them. Many times a research project cannot continue because of the lack of datasets or because the information does not exist yet. It is very important that you can find the data. Useful sites to check out:
    1. Census Bureau: www.census.gov
    2. Bureau of Labor Statistics: www.bls.gov
    3. Bureau of Economic Analysis: www.bea.gov
    4. Federal Reserve Database: http://www.research.stlouisfed.org/fred2/
    5. U.S. Government Open Data: www.data.gov
    6. International Data (World Bank): http://data.worldbank.org/
  1. Statistical Methodology: finally, after the review of literature is done and the dataset is located we need to determine what the methodology that we are going to use is. That means we need to decide which technique that we learnt in class is appropriated to answer the research question. Accordingly, you can use your review of literature to inform this decision, the textbook, class notes, etc.

Once you performed these three tasks you are ready to use excel to calculate your model and show your results. Accordingly, we are ready to write our research report.

Format Research Report

The following are the main sections of your research report and a short explanation of what the contents of each section should be:

  1. Cover Page: contains the title, authors and class section.
  2. Introduction: this is a short section of your paper, no more than one page. However, this is a very important part of your report, as this is the section that most people are going to read first. As a result, you need to make sure that people are convinced of the worthiness of your research. You should emphasize the following:
    1. Why is this research topic important? Why the reader should keep reading? Why should the reader care about this paper?
    2. What are the main findings of your research?
    3. Why these findings are important?
  3. Review of literature: Explains the previous work on this topic, if any, and how the topic of this paper fits that body of work. You need to explain, very shortly what other people have found with regards to this research question and how their findings compare to your findings. By mentioning other people’s work you discuss the problem at hand and how other people have addressed this problem. If your research topic is about your company you need to discuss the nature of the problem and the different solutions that were offered and why you think that your empirical analysis could improve those proposed solutions. This section should have 2-3 pages.
  4. Data: in this section you need to describe the data you found, show a table with the main statistics, like the mean and the standard deviation for each variable. Explain what the sources of your data are. This sections should be 2 pages at the most.
  5. Methodology and results: In this section you need to proceed as follows: first, explain the statistical techniques that you are going to use to answer your research question. For example, if you are using a regression model you need to show the theoretical equation with the independent variables and why are you using the variables that you are using. Second, you need to show your results and do the tests to show that your model, if it is a regression model, satisfies the assumptions. If you introduced some modifications to satisfy the assumptions, then you need to explain those changes. Finally, you need to explain your results main results and conclusions. This section should be 4-5 pages long.
  6. Conclusions: Explains what the results are and why they are important. This sections should be 1 page long.
  7. References should be listed at the back of the paper.
  8. Appendixes after the references (if needed)

Length and Format: The length of the paper is 12-15 pages (12 pages minimum), including title page, references and figures, but excluding appendixes.

The format of the page should be 1.5 spacing, font size 12 Times New Roman. The margins should be Right:1.25”, Left:1.25”, Top:1” and Bottom:1”

Format Standard: you can use any style: APA, MLA, Chicago, etc. The library has a great guide for citation styles at http://libguides.unf.edu/citationguide

Still stuck with your research report, get more help here:

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How does Bitcoin works

Essay on How Bitcoin works

ABSTRACT

Bitcoin is the simplest way to exchange money.

Bitcoinis a software-based online payment systemdescribed bySatoshi Nakamotoin 2008 and introduced asopen-source softwarein 2009.Payments are recorded in a publicledgerusing its ownunit of account,which is also calledbitcoin.Payments workpeer-to-peerwithout a central repository or single administrator, which has led theUS Treasuryto call bitcoin a decentralizedcurrency. Although its status as a currency is disputed, media reports often refer to bitcoin as acryptocurrencyordigital currency.

INTRODUCTION

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin andeveryone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

How does Bitcoin work?

As a new user, you canget startedwith Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once

Balances- block chain

The block chain is ashared public ledgeron which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography

Transactions- private keys

A transaction isa transfer of value between Bitcoin walletsthat gets included in the block chain. Bitcoin wallets keep a secret piece of data called aprivate keyor seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. Thesignaturealso prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process calledmining.

Processing- mining

Mining is adistributed consensus systemthat is used toconfirmwaiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in ablockthat fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

Bitcoin for Individuals

Mobile payments

Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).

Security and control over money

Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps toprotect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

Works everywhere, anytime

Just like with email, you don’t need to ask your family to use the same software or the same service providers. Just let them stick to their own favourites. No problem there; they are all compatible as they use the same open technology.

Fast international payments

Bitcoins can be transferred from Africa to Canada in 10 minutes. There is no bank to slow down the process, level outrageous fees, or freeze the transfer. You can pay your neighbours the same way as you can pay a member of your family in another country.

Zero or low fees

Bitcoin allows you to send and receive payments at very low cost. Except for special cases like very small payments, there is no enforced fee. It is however recommended to pay a higher voluntary fee for faster confirmation of your transaction and to remunerate the people who operate the Bitcoin network.

Protect your identity

With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, almost just like with physical money. You should however take note that some effort can be required toprotect your privacy.

Bitcoin for Businesses

The lowest fees out there

Bitcoin’s high cryptographic security allows it to process transactions in a very efficient and inexpensive way. You can make and receive payments using the Bitcoin network with almost no fees. In most cases, fees are not strictly required but they are recommended for faster confirmation of your transaction.

Protection against fraud

Any business that accepts credit cards or PayPal knows the problem of payments that are later reversed. Chargeback frauds result in limited market reach and increased prices, which in turn penalizes customers. Bitcoin payments are irreversible and secure, meaning that the cost of fraud is no longer pushed onto the shoulders of the merchants.

Fast international payments

Bitcoins can be transferred from Africa to Canada in 10 minutes. In fact, bitcoins never have any real physical location, so it is possible to transfer as many of them anywhere with no limits, delays, or excessive fees. There are no intermediate banks to make you wait three business days.

No PCI compliance required

Accepting credit cards online typically requires extensive security checks in order to comply with the PCI standard. Bitcoin still requires you tosecure your walletand your payment requests. However, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like credit card numbers.

Get some free visibility

Bitcoin is an emerging market of new customers who are searching for ways to spend their bitcoins. Accepting them is a good way to get new customers and give your business some new visibility. Accepting a new payment method has often shown to be a clever practice for online businesses.

Conclusion

We can Sendbitcoinfrom your computer, tablet, smart phone or other device, to anyone, anywhere in the world, day or night. Bitcoinis an innovative payment network and a new kind of money. Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.

REFERENCES

http://en.wikipedia.org/wiki/Bitcoin

https://bitcoin.org/en/

https://www.weusecoins.com/en/