The Bitcoin ledger is a new kind of payment system. Anyone in the world can pay anyone else in the world any amount of value of Bitcoin by simply transferring ownership of the corresponding slot in the ledger. Put value in, transfer it, the recipient gets value out, no authorization required, and in many cases, no fees.Read more at New York Times - Why Bitcoin Matters
Wednesday, January 22, 2014
A lot of promise here, and anything that bypasses the banks and credit card companies, and has low to no fees attached is fine by me!