They are now over 12 years since we first heard of Bitcoin, the cryptocurrency that later became famous and used almost everywhere. Although it officially started in 2009, it is the year before that Satoshi Nakamoto (it is still not clear whether a person or a group of people is hiding behind this pseudonym) has published a document explaining the idea of a peer-to-peer cryptographic virtual currency managed by algorithms. It is a decentralized currency independent of the banking system, which for this reason it was initially linked to illegal trade.
What can I pay with Bitcoins?
In fact, it must be emphasized, Bitcoin in Europe it is absolutely legal it can be used to pay for various things, not just online. Like other cryptocurrencies, this is also accepted in various hotels, bed & breakfasts, bars, restaurants, shops, but also professionals such as lawyers and hairdressers accept Bitcoins. There are several sites on which you can find the updated list of businesses that accept these currencies, even if they are often concentrated in large cities such as Milan and Rome, but there are also some in Palermo, Turin, Genoa, Bologna and Florence, for name a few.
But their greatest use is certainly linked to purchases on the internet, even if sites like Amazon, eBay and Expedia, to name a few, still do not accept them for direct purchases. Where they are often used are online casinos, because Bitcoin Casinos can take advantage of an image of solidity and security that makes them very serious and transparent, giving greater security both to those who approach this world for the first time and to those who use them more often. To identify the best online bitcoin casino various factors can be used, such as the welcome bonus, customer service, the variety of games available, the mobile application, the level of software used. But the fact that these currencies are accepted already works in their favor.
Did you know, for example, that there are also Bitcoin ATMs? That is to say counters where you can withdraw cash from your cryptocurrency availability.
But, concretely speaking, how do you pay in Bitcoin?
Not a strange question, why do we have to forget the payment as we have known it to date. The first step is to exchange the addresses of a digital wallet, that of the receiver and that of the sender, and the payment looks just like what it can be. sending an email. It seems like a simple operation, but behind it there are several encrypted keys that make it absolutely safe! There are also several applications that make the operation more immediate, but what they do is the same thing, that is the exchange of information between one digital address and another.
Because we must not forget that even if cryptocurrencies are often represented as coins (as for example we did with the cover image), in reality they do not exist! If you make an ATM payment, you do not physically see the coins or bills, but you can mentally picture them as if you were paying in cash. With cryptocurrencies, however, this does not happen, because it is one exchange of virtual codes, let’s say so.
The Blockchain, or the technology behind the creation and use of Bitcoins, essentially contains every single transaction from the first day it was invented until today, but it is important to point out that they do not physically exist. To buy bitcoins you have to go to a bitcoin exchange, a place where sellers and buyers virtually meet.
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