OmniBazaar users buy and sell directly among themselves without using credit cards, or even having a bank account. Payments in OmniBazaar are made using a new type of money called “cryptocurrency”. Cryptocurrencies (such as Bitcoin) are digital forms of money that are easy to use, anonymous, secure, independent of any one country’s currency, and tradable on-line. Users can start using cryptocurrencies immediately, with no registration or application forms, no background or credit checks, no bank charges, and no equipment except their own computer, tablet, or smart phone. Cryptocurrencies are a truly international form of payment that can be used in any country, and are easily exchangeable for dollars, Euros, yen, rupees, or any other currency.
- Written by Richard Crites