Bitcoin: Currency of the Future?

To coincide with Le VPN now accepting Bitcoin as a valid method of payment, we take a look into what Bitcoin is and what it could mean for the future. Bitcoin was created back in 2008 by Satoshi Nakamoto as a means of online payment, being completely digital it is also not controlled or owned by anyone. As the currency is purely online, no physical coins or notes, it can be used to buy things electronically. Another aspect to set it apart from conventional currency is that as it isn’t controlled by a single entity, meaning the currency cannot be controlled, unlike a bank with existing currency. So is Bitcoin: currency of the Future?

Bitcoin, in theory, is a currency that benefits everyone as a means to conduct transactions with no middle man; the banks. This idea appeals to a lot of people as it is a currency that is completely in the hands of the population. Its easy to set up, and transactions are simple and fast. So how does this currency compare to regular currency? Well, as it isn’t controlled by a single entity, like a bank, it also provides almost complete anonymity and security amongst its users. What makes Bitcoin appealing to many is that it is cheap, fast and secure. You can easily purchase Bitcoins from individuals or vendors and spend them in a variety of ways.

Le VPN now accepts Bitcoin as a recognised method of payment, so sign up to Le VPN today for completely unrestricted internet access and anonymity wherever you are in the world. Maybe in the not so distant future, you’ll be able to buy products off Amazon or eBay by using Bitcoin, but until then, it wouldn’t be such a bad idea to start saving them now.