Bitcoin is the new buzzword in the financial world. Bitcoin is the buzz word in the financial space. Many people and large companies have jumped on the Bitcoin bandwagon to get a piece.
Many people are completely new to cryptocurrency and are asking the question: “What is Bitcoin?”
First, bitcoin is a digital currency. It’s not under the control of any federal government. You can use it to buy things like food, beverages, cars, real estate, and other items.
Why is Bitcoin so important
Bitcoin is not subject to fluctuations in foreign currencies or government control. Bitcoin is backed only by your full faith and it’s peer-to-peer.
Anyone who uses Bitcoin to transact will quickly realize that it is much cheaper than sending money from one bank to another or using any other service that requires money to be sent and received internationally 도지코인.
If I wanted to send money to, let’s just say, Japan or China, I would need to incur a fee from a bank. It would take hours, or even days for the money to reach me.
Bitcoin allows me to send money instantly from my phone, wallet, or computer. There are no fees. It would be difficult to send gold or silver, and would require many guards. With a simple touch, Bitcoin can do it all again.
Why would people use Bitcoin?
Bitcoin is the solution to destabilized governments, situations in which money is less valuable and where it is not as important. Bitcoin is the only money we have right now. The paper fiat currency in our wallets will be worth less one year from now.
Even major corporations have expressed interest in blockchain technology. A survey was sent out to Amazon customers a few weeks back asking them if they would be interested using cryptocurrency if Amazon created it. It was a very popular survey. Starbucks even suggested the possibility of using a blockchain-based mobile app. Walmart even filed for patents on a smart package that uses blockchain technology to authenticate and track packages.
We’ve witnessed many changes in our lives, from how we shop to how we watch movies to how we buy books and cars to how we bank. Cryptocurrency will not be going away. It’s time to learn more about cryptocurrency, and how you can take advantage of the trend that will continue to grow over time.
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