Tag: banks

We always needed a method to trade value and probably the most practical solution to do it would be to link it with money.During the past it worked quite nicely as the money that has been issued was associated with gold.So every central bank needed enough gold to cover back all of the money it issued.However, during the past century this changed and gold isn't what's giving value to money but promises...

The phenomenon of bitcoins has had on the financial and business community by storm.In a global where convenience is put at reduced, most people desire to cope with something handy and steer clear of an excessive amount of hassle.Being truly a virtual currency, bitcoins have gradually started replacing the bulky traditional bank notes and cheques.Businesses and banks are conducting awareness campaigns because of their customers to use up this mode of payment, since it is stress free and time-saving...

Bitcoin is a huge deal at the moment, but not everyone understands why.More to the point, not everyone knows whether or not Bitcoin is for them, and how they could get involved.Here are a few of the most compelling reasons why you need to use Bitcoin.More secure than banksThe Bitcoin algorithm is as close to bulletproof as a computer application could get.Some of the best hackers and internet security specialists have taken a crack at it, and so far nobody can find any flaws...