8. October 2012 by brockpetersen
Bitcoin was created in 2009 and is a P2P currency that enables instant payments to anyone, anywhere in the world. Bitcoin has no central authority, instead managing transactions and issuing money are carried out collectively by the network. Today, Bitcoin’s exchange network includes more than 1,000 merchants and at least tens of thousands of unaffiliated users.
Bitcoin could potentially be very beneficial for people in the developing world with no access to bank accounts. Read more about the pros and cons of using Bitcoin in this article in Scientific American.