Bitcoin comes as one of the solutions of digital currency. Bitcoin is a cash system that synchronizes across the internet. So, everyone can access the same cash account in real time regardless of who and where it is.
What's in it for you? Money can be transferred from the other party without any delay (real time process) and no high cost. Like when money used to be used, before the world became so big and complicated
We can use Bitcoin to send money to friends and family (both local and overseas), buy goods online, receive a salary and so on.
Bitcoin makes it easy for us to move money. Bitcoin is a payment system, just like a bank transfer or credit card method, but Bitcoin is a bit better.
Bitcoin can be exchanged into the currency commonly used by society. The exchange is contained Bitcoin exchange website. Opened at US $ 84.1 in 2013, the last bitcoin exchange rate against the dollar has touched US $ 2,216.20.
Noted a number of merchants have received payment with bitcoin. Some confirmed names, including PayPal, Microsoft, Dell, Newegg, Overstock.com, Expedia, TigerDirect, Dish Network, Zynga, Time Inc., PrivateFly, Virgin Galactic, Dynamite Enterntainment, Clearly Canadian, and Sacramento Kings.
Advantages
No borders, no boundaries or limits for banking and state rules.
Transaction services are low-cost and Transparent because all bitcoin-related information is visible to all users.
Not Influenced by inflation and Free from having to provide personal identity
DeficiencyThe acceptance of bitcoin as a means of payment is still minimal and fluctuating or the exchange rate is up and down
Bitcoin software is not final so that at any time change
Give big chances for criminals or who are reluctant to pay taxes to launder money