NEW YORK, April 7, 2015 /PRNewswire/ -- Analyst report issued by Small Cap IR. AVRA, Inc. (OTCQB: AVRN) The largest cryptocurrency, or first decentralized digital currency, offering an alternative to traditional "fiat" currencies such as the U.S. Dollar, is Bitcoin. Bitcoins are a unit of payment used in an on-line payment system that was invented by Satoshi Nakamoto, and released January 3, 2009. The Bitcoin system is based on a peer-to-peer network, where users can interact without needing an intermediary. Bitcoins are used as a payment for products or services, can be exchanged for "fiat" currency (such as U.S. dollars), and are created as a reward for payment processing work, in which users act as nodes, offering their computer power to verify and record payments into the public ledger. Merchants are incentivized to accept Bitcoins for payment due to transaction fees that are lower than the 2% to 3% fees that are typically imposed by credit card processors, such as MasterCard® and VISA®. According to the website www.blockchain.info, the number of daily transactions using Bitcoins has grown over the last two years from approximately 33,000 to approximately 115,000.
AVRA, Inc. (OTCQB: AVRN) is a development stage company pioneering product innovation and activation of merchant and consumer commerce in the global Bitcoin-related digital currencies market. The company was incorporated on December 1, 2010 in the state of Nevada, and is currently headquartered in Palo Alto, California. The company focuses on solutions in the cryptocurrency and digital currency markets (primarily the "Bitcoin" market) offering payment solutions to businesses worldwide.
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