Bitcoin

What is Bitcoin?

Bitcoin is a payment system and a currency that is gaining popularity all over the world. It was launched back in 2009 and since then has come a long way to become highly recognized. On January 3, 2009, Satoshi Nakamoto, the creator of Bitcoin, presented it to the world in the form of open-source software.

Bitcoin’s client base is rapidly growing due to the fact that it is the first decentralized peer-to-peer payment network powered by its users with no central authority or middlemen. Since the number of people who decide to pay with bitcoins is constantly growing, more and more services are starting to accept this currency.

Uses & Benefits

Currently, Bitcoin is accepted in many countries by both online and offline businesses. You can use bitcoins to pay bills, make hotel reservations, transfer money to your friends and relatives, as well as pay for online purchases. Bitcoin can come in handy in almost every situation.

Bitcoin offers convenient and affordable money transfers and no transaction fees most of the time. You are able to make instant payments from anywhere in the world, it takes just a couple of minutes.

Unlike many other payment systems, Bitcoin is highly secure. Customers have full control over their accounts. No one can access other people’s accounts without their permission. Personal data is safe and sound, thanks to the advanced encryption mechanisms.