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Bitcoin

Bitcoin. The only successful online currency. How can it be used?. Bitcoin can be used to pay for goods when shopping online, there are some physical ATMs that allow for the withdrawal and deposit of it.

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Bitcoin

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  1. Bitcoin The only successful online currency

  2. How can it be used? • Bitcoin can be used to pay for goods when shopping online, there are some physical ATMs that allow for the withdrawal and deposit of it. • Any form of payment or transaction is permanent, when you spend an amount, it’s gone, you can’t get it back, this is a good thing as you don’t have any collection agencies following you. • Because of the transactions being permanent, a country using it as a currency could become virtually debt free. • Bitcoin’s creation has inspired the creation of other crypto-currencies, such as Litecoin, Dogecoin, and even Iceland’s new virtual currency

  3. Bitcoin was introduced as software in 2009 • The largest purchase using Bitcoin was a villa in Bali, Indonesia using over $500,000 worth of the currency to buy it.

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