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What You Need to Know About Bitcoins #infographic
Since its debut in 2009, Bitcoin has been making waves in the financial industry. Bitcoin is a digital currency that has no central monetary authority. Instead, it exists on a peer-to-peer computer network that maintains transactions and “mints†new Bitcoins through a process called mining. Users and transactions remain anonymous and there are no international exchange rates and no middlemen to collect fees. The first Bitcoin transaction took place in May 2010 when a man in Florida sent 10,000 Bitcoins to a man in the UK, who then called and ordered him a pizza for delivery. By New Years Day 2013 a single Bitcoin was trading at $13.56 and by the end of November 2013 the value skyrocketed to $1,124. Bitcoin regulation is still a topic for discussion around the world. However, Bitcoin organizations are taking the lead and use the same Know-Your-Customer (KYC) Rules as in the Financial Services industry. You can read more about the evolution of Bitcoin by reading the following infographic.
Created by Britni Zandbergen, Senior Director of Marketing at Idology. Britni has years of experience in identity management as well as dynamic SaaS solutions.
So… What Can You Buy With Bitcoins?
Check it out:
What You Can Buy With Bitcoins by WSJ Live
