Changing The World - One Coin At A Time
Buying a house, funding the Jamaican bobsled team at the
Winter Olympics, or ordering a pizza. These are just some of the ways you can
currently spend cryptocurrency.
One of the comments we often hear is that there’s no easy
way to spend digital currencies. Well, if you take a look at the range of
merchants who are already accepting Bitcoins in the UK , then maybe you will change your
mind. You can order a takeaway from around 7,500 listed restaurants, pop into a
number of pubs for a quick pint, buy a bike to pedal off the excess or travel
in style by hiring your own private jet.
You can even rent a designer dress and
jeweler for the occasion. And just this month, Microsoft announced that it is
now accepting Bitcoin for all digital purchases through BitPay. This includes
Windows, Windows Phone and Xbox software.
Why are people welcoming more choice in financial
transacting? Because digital currencies offer a range of benefits over
traditional fiat currencies: privacy, security, low to no fees and free
marketability. The enterprise community in particular is excited about a more
flexible and faster way to build their businesses, without wading through miles
of red tape.
According to the Treasury, it is estimated 20,000 people in
the UK currently hold
Bitcoins – and around £60m worth are circulating in the UK economy. The
market for a new cryptocurrency is huge and the pace of its development is
faster than ever. We are going to change the face of how people do business –
one coin at a time.