All About Crypto Currency

People are born curious and smart. And with our modern age today a lot of discoveries are on trend. One of those is bitcoin or BTC. There are people knowledgeable about it and knows it’s potential and others may be confused by it or think that it’s something without value.

Initially, BTC is made as a prize for a procedure known as mining. They can be traded for other services, products, and currencies. You can change bitcoin to USD or pesos and/or with any other currency. You can also pay bills and buy real estate with Bitcoin. In 2015, lots of dealers and sellers recognized and accepted this digital currency as a payment.

But now, cryptocurrency has seemed to have a great potential of changing the world. And seemed like it now. Many banks and corporations internationally are getting into the current trend to offer their own crypto solutions.

For clarification, cryptocurrency is bigger than the mere bitcoin. Bitcoin was created by an anonymous person or a group of people under the name Satoshi Nakamoto. It was released in 2009 as open-source software. This is the first worldwide digital currency because as the system works without a single administrator or a single bank. Transactions are made between the users, without a mediator. The transactions are recorded in a public circulated ledger called blockchain and are verified through cryptography using network nodes. People have to understand that it is not a mere asset to have but is a useful tool that can be used in the worldwide payment system.

Bitcoin and CryptoCurrency

BTC and its’ uses. Where can we use cryptocurrency?
These are the common uses of crypto:
•Remittances
Moneygram and Ripple already ventured here.
•Buying and Selling
You can buy a fancy car like Ferrari which has been accepting payments as this for quite some time now.
Other uses:
•For Education
There are also universities in the world today that accept BTC as a payment for tuition fees thru bit pay.
•Traveling
Travel around the world with BTC.
•Donating

You can also use this for charity purposes.

Bitcoin in the Future

Modern technology appeared to make the world smaller in the past years. BTC comes from the technological revolution. It is a virtual currency (product) used by people who have it all over the world as a means of exchange without connecting to the government.

In the near future, cryptocurrency will still attract interest and opposition. In countries where currency flows are issues to strict control of the government. This currency offers a way to transfer wealth to areas of the world where limitations are not that difficult. And since BTC transactions are unknown, this cryptocurrency will still continue to draw transactions associated with illegal activities.

It is vibrant that this cryptocurrency, specifically bitcoin is still gaining attention and interest to be used around the world.

Major transactions of bitcoin occurred in China. The majority of Bitcoin transactions occurred in China. Even the massive instability of bitcoin’s value in early 2017 that took the price from over $1000 to $800 on the same day was speculated from China. Bitcoin and its blockchain technology, have a bright future in the world markets.
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