Bitcoin: Pixel Dust or Currency

Nathalie Reinelt - Aite Group


Bitcoin is a decentralized virtual currency with no central authority; two of its main use cases include eCommerce and peer-to-peer transfers. Bitcoin can offer merchants lower transaction costs as well as lower exposure since bitcoin transactions cannot be charged back to the merchant. Bitcoin has yet to see widespread use by mainstream consumers, though, as it is easy to lose, is uninsured, and its price is highly volatile.

Bitcoin: Pixel Dust or Currency

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