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Bitcoin seems to be here to stay, and it’s acceptance and list of Merchants that use Bitcoin is growing.
According to coinbase.com, Bitcoin is digital money used for instant transfer of value anywhere in the world. Bitcoin was developed to make payments methods for the internet age an improvement over traditional banking.
Bitcoin is safe because the Bitcoin protocols, algorithms, and sourcecode is open and has been audited and vetted by thousands of security researchers around the world.
Bitcoin is not tied to or pegged to any other currency’s value. Bitcoin value is determined by buying and selling of Bitcoins on the open market, much like stocks or property.
Bitcoin can change value because it is traded for dollars, Euros, Yen and other currencies 24 hours a day. Depending on demand, the price can fluctuate. Bitcoin value can be volatile because it is an emerging technology.
Unlike credit cards or Paypal, bitcoin is not owned by a company. Bitcoin is the world’s first completely open payment network which anyone with an internet connection can use. Bitcoin was designed to be used on the internet, and doesn’t depend on banks or private companies to process transactions.
Bitcoin allows you to instantly send any amount of money to anyone without needing a bank. It allows you to access your money without needing an ATM or credit card – bitcoin gives you back control over your money. Plus you can pay friends back for dinner, buy your next computer, and donate to charity, all using bitcoin.
Here are some businesses that accept Bitcoin:
Below is a larger list of merchants and partners of Bitcoin and Coinbase.com:
Coinbase.com is one of the first US-Based Bitcoin exchanges, and according to Business Insider: “Of all the startups in the bitcoin ecosystem, Coinbase is probably most prominent. Early in 2015, it closed a $75 million funding round — the largest ever for the industry at the time — at a (unconfirmed) $400 million valuation. It then went on to launch the first US-based bitcoin exchange. ”