Category: Story of Interest

The Rise of Bitcoin

Posted May 2, 2013

By: Anonymous The rise of technology has allowed for many dynamic innovations in the business world, one of the most recent being Bitcoin. Bitcoin, which was created by a group of hackers, is the newest way of transferring funds to an entirely digital currency. Unlike standard currency, Bitcoin has no host country and can be purchased or sold against any major global currency. With the currency being solely online, there are no physical coins or bills; instead all dollars are stored in a broad set of online exchanges. Since its creation in 2009, Bitcoin has taken the form of many uses, including an avenue to store value, purchase goods online as well as invest. The use of Bitcoin has become under fire recently as many have used it in the purchase of illicit goods as tracking dealers is very difficult as the market is unregulated. Alone, the demand for Bitcoin … Continue reading The Rise of Bitcoin

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