Is Bitcoin the Future of International Currency?
TRAVEL TIPS Fred Perrotta
Imagine this scenario: you take an extended trip to three foreign countries. You don’t exchange currencies or pay the fees to do so. You spend your money without ever taking it out of an ATM or paying international transaction fees.
Sounds convenient and cheap, right?
This scenario isn’t a pipe dream. It could be the future of international currency.
How does it work? Bitcoin.
DISCLAIMER: This article is a speculative look at the future of travel and currency. It does not constitute, nor should it be interpreted as, investment advice. Please speak to a professional before investing.
What is Bitcoin?
Let’s start with the basics: What is Bitcoin?
Bitcoin is a digital currency that allows for worldwide payments with low or no fees. Because it’s based on peer-to-peer technology, no central authority (like a government) controls Bitcoin. It’s entirely decentralized.payment system behind Silk Road, the online black market later shut down by the FBI. Bitcoin was the Paypal to Silk Road’s eBay.
Don’t be scared off by people having used Bitcoin for illegal purposes. The currency itself is not illegal.
Now that Silk Road has been shut down, Bitcoin has a better shot at legitimacy and widespread adoption without the negative stigma.
The entire concept is still very new. Only the earliest adopters are using Bitcoin right now. The number of Bitcoin transactions is growing, but the price is still very volatile.use your brain and exploit more @tortugabackspacks