Technology is changing on a weekly, if not a daily, basis. It’s becoming more common to adopt many new forms of technology within our daily routine. But, the ever-increasing threat of cybercrime means we have to be aware of what is safe and what isn’t. This is especially important when it comes to our money.
Let’s look back on some of the advancements in finance over the years. We observed a migration from cash as the only method of payment to essentially a piece of plastic that makes payments with a swipe, signature, number combination or quick tap.
You wonder what people thought about when this technology first came about, how they reacted to it and if they ever thought it would catch on. We’re only now just getting used to the idea of placing our thumbs on a smart phone device and have it provide a transaction for goods.
Recently we’ve seen many physical outlets and shops accepting non-traditional payments such as PayPal. But what’s next in the evolution of financial transactions? Well, I can tell you one thing right now for nothing: One of the biggest trends will be a move towards Bitcoin.
What is Bitcoin?
To put it simply, it is a online currency; bitcoins are digital coins you can send through the internet. Some say it’s simply “internet money”. You can safely send funds directly from one person to another through the internet without having to go to a bank.
This means you’ll pay fewer fees on money you’ve probably already paid fees on in some form or another. There’s also the ability to use Bitcoin to pay for things in any country around the world, as long as they take this form of currency for whatever you’re trying to purchase.
Your bitcoins are kept in a digital wallet on your computer or mobile device. You make payments from these devices using an application.
Looking After Your Money
This payment method is perfect for someone who wants to have full control over their wealth. You can send and receive money anywhere in the world, which is something we’ve all had trouble with when travelling in the past.
It seems that we’re all travelling more and more these days. If you use Bitcoin you’ll have a couple less things to worry about; there’ll be no changing currency at the airport, and you’ll always have your earnings available.
Have Fun with Your Money
Due to the nature of Bitcoin, there are less restrictions when it comes to things such as playing online games such as online auctions, online marketplaces and roulette Bitcoin. If you’re really into gambling, then you can take advantage of the extra security and flexibility using this amazing currency in online Bitcoin casinos. They are a great way of betting without risking too much, especially if you’re a novice and you’re just looking for some fun online.
Basically, Bitcoin just gives you that extra element of control over your money. There are no charges or other payment methods you may have forgotten about. You know? The ones that seem to appear out of nowhere. Payments can be made without personal information alongside the transaction, which means identity theft is less of a factor when using your money. As an extra element of security, users of Bitcoin can protect their money with back-ups and encryption that’s very secure.
We’re all looking for the most secure, safest, easiest and quickest way to use and take care of our money, and these are just some of the benefits to using Bitcoin as a currency method. It’s something to look into if you really care what’s going in the financial world, and is definitely moving up in the online world.