What Are Bitcoins and Why Do Criminals Like Them

A special I caught on television explained that a bitcoin is a form of currency that lives only in the digital world
, works as real money in real-life transactions, including some brick-and-mortar stores, and it is especially unique because it bypasses banks completely. Sounds like a perfect way to collect extortion payments in a mystery, doesn’t it?

Bitcoins are stored in a digital space. So your digital bitcoin wallet exists in cyberspace, accessed through your phone, or on your computer.