Bitcoin is perhaps one of the most exciting evolutions of the decade. As a virtual currency, it has the potential to provide faster, cheaper and more secure global payments. At it's core, bitcoin utilizes an open ledger (blockchain technology) to create a more transparent system. Blockchain technology also has many potential future applications such as enabling smart contract.
But what does all this mean for you today?
Here are just a few of the reasons why individuals are choosing to purchase bitcoin:
- To make secure online payments where their personal information is protected
- To quickly send money to relatives around the world. (in as little as 10 min compared to days for wire transfers)
- To trade the currency (Please note, Bitsent urges caution if you are interested in speculating on the value of bitcoin, as losses could be incurred. We make no guarantees on the short-term or long-term value of bitcoin)
- To participate in a transparent new system that allows the individual to hold and control their own funds.