Trading with Bitcoins
Bitcoin is a form of digital money that exists online online. Since its existence in 2009, it has been part of tens of millions of transactions. The demand for Bitcoin is increasing daily as it is helping to solve the limitations of normal banking transactions. Many global corporations have started accepting Bitcoin payments and top global economic players like IMF Director, Christine Largarde believes Bitcoin is the future of money.
Bitcoin can be exchanged for Dollars, Euros and any other Local currency including the Naira. Bitcoin like money is a store of value. It is a digital asset that can be used for making transactions online. It was introduced following a white paper by a man named Satoshi Nakamoto.
The paper describes how transactions can be recorded and protected through a cryptographic strengthened public ledger. This concept gave birth to what is known as BLOCKCHAIN.