3 Great Reasons Why You Should Pay With Bitcoin
An ever growing digital world will inevitably make digital currencies the future of payments
Bitcoin is a peer-to-peer cryptocurrency designed to allow online users to process transactions through digital units of exchange called Bitcoins. A mysterious programmer called Satoshi Nakamoto created Bitcoin back in 2009 as an alternative to government currencies like GBP, EUR, or USD.
Here are 3 great reasons why Satoshi's vision for the future of money empowers people more than ever before:
1. Stay in control of your privacy and remain anonymous
Bitcoin transactions are never associated with your personal identity. Just like cash purchases, the transaction cannot be traced back to you.
2. Take your money with you
Pay anywhere in the world as long as you have internet access. You do not need to go to a bank to withdraw/exchange money for local currency.
3. Enjoy personal freedom
Governments, banks, and other financial institutions have no way to interrupt transactions or place freezes on Bitcoin accounts. There is a greater degree of freedom because the system is purely peer to peer.
Summary
Bitcoin is still new and emerging technology. You can buy flights with CheapAir and hotel bookings with Expedia using Bitcoin. There are downsides to Bitcoin also, it is monopolised by wealthy individuals who control the price, it is very slow, and there is only a supply of 21 million coins. However, the rise of Altcoins like Litecoin and Digibyte aim to solve the pitfalls of Bitcoin and bring cryptocurrency to the masses.
We hope you found this blog really useful. Find out where to go buy cryptocurrency effortlessly on GoBuyCryptocurrency.com. It's easy! We compare a large collection of reputable exchanges and trading platforms to invest in Bitcoin and 100's of Altcoins worldwide.
Follow us to learn more:
Facebook, Youtube, Twitter, Instagram, Facebook Group
All trading involves risk. Only risk capital you are prepared to lose. This content is for educational purposes only and is not investment advice. Past performance is not an indication of future results.