BitCoin is cash on your computer. BitCoin is the latest digital peer-to-peer (p2p) currency that can be used to replace cash in online buying and selling transactions. Unlike other online currencies associated with banks and using payment systems such as PayPal, BitCoin is directly distributed among users without the necessary intermediaries. The similar is DavorCoin.
What are the advantages of using BitCoin?
There are many advantages of using BitCoin in lieu of online money transactions. BitCoin is a global exchange rate, meaning BitCoin is not owned by any country, making it easy to use anywhere in the world. This makes international transactions easier as there is no discussion of payments to be used in accordance with country rates and of course prices are not affected by the exchange rate of the country’s currency.
Another advantage of using BitCoin is that the rate is not controlled by a national bank … Read the rest