Today’s modern world is utilizing the power of digital technologies and with the growth in cryptography protocol and vast gain in the name of digital currency. Bitcoin is getting more and more popular across the borders. Bitcoin’s consensus network has become a new payment system based-on digital money.
World’s very first decentralized peer-to-peer payment network is powered by open-source project without any central authority or middlemen and has become new cash for the Internet. One of the first implemented concept called “crypto-currency” in modern world.
Those who are new to Bitcoin, might be thinking about what is bitcoin, and who created it? Or might like to know who really does uses bitcoin and how does anyone acquire Bitcoin? Learn about it in this article.
Who Really Does Uses Bitcoins?
Off-course people from all over the world using Bitcoins! There are a large number of individual users and businesses using Bitcoin for their financial transactions. Including brick-and-mortar businesses like restaurants, apartments, law firms, as well as many popular online products and services providers.
No-matter, while the Bitcoin remains a relatively new phenomenon, it is growing fast like non-other currency grew ever. At the end of August 2017, the total value of all existing bitcoins exceeded 40 billion US dollars, with millions of dollars worth of BTCs exchanged on daily basis.
The innovative system makes it one of the most universal currency for the future, which can be effectively utilized by more and more users and business across the borders for better global financial transparency.
How Do People Acquire Bitcoins?
There are may ways by which people are acquiring bitcoins, one of the most powerful and innovative way to acquire bitcoins is through sending and receiving it as a payment system for goods or services. Many of the individual users, freelancers and businesses have already started using it!
Besides using bitcoins as an alternative payment system, one can also acquire it by the following ways.
- Purchase Bitcoins: There are many great BTC exchanges available these days after the growth in digital payment system, and interested may acquire it through the Bitcoin exchanges.
- Exchange Bitcoins: There is another great option by which one can obtain bitcoins, is through someone near them in their local community.
- Earn Bitcoins: Another most powerful way to earn bitcoins through competitive coin mining by investing in BTC mining hardware and technology.
While it can be possible to find someone who wish to sell bitcoins in exchange for the PayPal or a credit card payment, but most exchanges do not allow funding via these payment methods. Due to reverse transactions issues, which is commonly referred to as a charge-back.
In this article, it was tried to explain everything about who really does uses bitcoin and how does anyone can acquire Bitcoins? Hope it helped you in learning these facts about the Bitcoin digital money.