The Bitcoin challenges the established currencies

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The Bitcoin challenges the established currencies
Richy Snoopy

Glopinion by

Richy Snoopy

Apr 8, 2013

Bitcoin is a cyber created currency, allowing fast and easy internet payment. It can be called the cash of the internet as it does not require any of the existing systems. Still it can be transferred at any time to real money. And there are no restrictions whatsoever, its like cash.

The Bitcoin is a new and very interesting concept for Internet payment. It is cyber money with self limited quantities. I can be used like cash and there are already thousands of companies accepting Bitcoins. When it comes to purchase in the internet bitcoins are similar to cash money. They can be purchased, used to buy or sell, further used or converted back into real money. They are much cheaper to use than some of the existing payment tools in the internet and they are totally anonymous like cash.

This Clip tells the story

you may find more information on bitcoin.org

Also this clip is very informativ

 

So its an interesting new development worth trying for easier internet payment.

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