Currently, there are reports about widespread problems with the acceptance of credit and debit card payments across various retail chains in Germany. The root of the issue appears to be a malfunction at Telecash, one of the largest payment service providers in the industry. This company, which is part of the US-based Fiserv/First Data, handles payment processing for major retailers such as Edeka, Budni, and Aldi Nord. (Report from IT Finanzmagazin, September 12, 2024)

In contrast to these traditional banking systems, Bitcoin offers a revolutionary solution. The Bitcoin network, spearheaded by its enigmatic founder Satoshi Nakamoto, operates continuously—24/7/365—ensuring that transactions can be processed at any time without interruption. Bitcoin provides a robust and decentralized alternative to conventional payment methods, which are often vulnerable to outages and failures.

Bitcoin's permissionless and borderless nature means that anyone, anywhere in the world, can access its services without the need for intermediaries or approval from financial institutions. This democratization of finance not only enhances accessibility but also reduces the risks associated with centralized payment systems that can fail due to technical issues or systemic vulnerabilities.

Bitcoin ensures secure, efficient transactions, eliminating the need for traditional banking infrastructure that is prone to disruptions. As we witness ongoing challenges in the conventional payment landscape, Bitcoin stands out as a resilient and reliable alternative, poised to transform the way we conduct financial transactions globally.

#bitcoin timechain 10yr track record:

100.00% Uptime for 2023

100.00% Uptime for 2022

100.00% Uptime for 2021

100.00% Uptime for 2020

100.00% Uptime for 2019

100.00% Uptime for 2018

100.00% Uptime for 2017

100.00% Uptime for 2016

100.00% Uptime for 2015

100.00% Uptime for 2014

Current Blocktime: 861 044

v/byte price: 4 sat/vByte 🧡