Bitcoin Enabling as Payment Method
Bitcoin is the world’s first cryptocurrency created by “Satoshi Nakamoto” since 2009; it performs the function of a currency and is used as a means of digital exchange.
Bitcoin, why is it important?
First, let’s say at the outset that monetary exchanges have always existed: gold has replaced barter as the currency for transactions, banknotes have replaced gold as a means of storing value, and cryptocurrencies seem set to replace paper money.
There are many advantages to using cryptocurrencies, such as Decentralisation (or dislocation), Immutability, Anonymity (impossibility of associating a name with a wallet) and Encryption, i.e., the ‘camouflage’ of data.