Bitcoin has become a buzz word in the financial space. In fact, Bitcoin has exploded over the last few years, and many people and companies are now jumping on Bitcoin or cryptocurrency, looking for a piece of the action.
People are generally new to the encryption site and ask this question: “What exactly is Bitcoin?”
Well, for starters, Bitcoin is actually a digital currency that is beyond the control of any federal government, is used around the world, and can be used to buy things like food, drinks, real estate, cars and more.
Why is Bitcoin so important?
Bitcoin is not easily exposed to foreign exchange, such as government regulation and exchange. Bitcoin is backed by the individual (you) and is peer-to-peer.
This means that anyone can complete transactions with Bitcoin.
For example, if we want to send money to China or Japan, I have to pay a bank transfer and it takes up to that hour or days to get there.
If I use Bitcoin, I can easily get it out of my wallet or cell phone or computer without any charges. For example, if I want to send gold and silver, it takes a lot of guards, it takes a lot of time, and it takes a lot of time to move bullies from level to level, and it costs a lot of money. Touching Bitcoin can be repeated.
Why do people want to use Bitcoin?
The main reason is that Bitcoin is the answer to these stable governments and the fact that money is no longer valued. The money we have now; The paper fee in our wallets is worthless and is less than a year old today.
We’ve even seen major companies interested in blockchain technology. A few weeks ago, if an Amazon created one, whether they were interested in using encryption or not, a survey was conducted for a few Amazon customers. The results show that many are interested. Starbucks even hinted at blockchain mobile app usage. Walmart has even applied for a patent on its “smart package” that uses blockchain technology to monitor and verify packages.
Throughout our lives, we have seen many changes in the way we shop, watch movies, listen to music, read books, buy cars, search for homes, how we spend money now, and banking. Cryptocurrency is here to stay. If you haven’t already, it’s time for anyone to fully study the secret and learn how to take full advantage of this ever-increasing trend.