In our last post, we discussed five of the most common misconceptions about Bitcoin. While those were natural questions someone new to the world of cryptocurrency may have, there are some Bitcoin myths floating around out there that can’t seem to stand up to even the most modest levels of scrutiny. So today, let’s take […]
Top 5 Bitcoin Myths Debunked
As with anything, if we search the internet long enough, it’s usually possible to find articles that will confirm our preconceived notions. The problem with this is that it leads some to hold onto the myths and misconceptions that have already been thoroughly debunked. It’s time to lay these five Bitcoin myths to rest. Myth […]
The Changing Value of Bitcoin
While the earliest adopters of cryptocurrencies around the world have grown used to Bitcoin’s value fluctuations since its creation in 2009, those newer to the marketplace can find themselves wondering if Bitcoin is too volatile for their needs. Since only you can decide if cryptocurrency purchases are the right financial move, understanding why Bitcoin has […]
What Do I Do with My Bitcoin?
When it comes to cryptocurrencies, they may be treated as a serious investment or as a mild curiosity, depending on who you discuss them with. The one question that remains constant among those new to the world of Bitcoin, however, is what exactly can you do with virtual currency once you purchase it. While only […]
Are Bitcoin ATMs More Secure than Cryptocurrency Exchanges?
Perhaps the one true flaw of any cryptocurrency, like Bitcoin, is that there’s no tangible paper or coin you can hold, making offline purchases impossible. This naturally begs the question about the most secure way to purchase Bitcoin. While that online cryptocurrency exchange may offer the convenience of at-home purchasing, that convenience is often its […]
Could Bitcoin ATMs be Your Business’s Competitive Advantage?
In today’s turbulent economy, it’s up to business owners to look for new sources of revenue they can tap into without increasing their overhead. This is especially true in retail, where pandemic-related stay-at-home orders kept consumers home and unable to purchase from local brick-and-mortar businesses. While traditional bank ATMs are already a staple in retail […]
Is Bitcoin Better for Sending Money than PayPal, Venmo, and Zelle?
Although the world has been on a sort of pause due to the pandemic, a quiet debate has gone on in payment processing circles for the last 6 to 9 months regarding whether PayPal, and other services like it, are truly safe ways to transfer money to family, friends and vendors. Naturally, this has caught […]
What is Bitcoin?
Bitcoin is a form of digital currency, referred to as cryptocurrency, that was introduced in 2009 by an anonymous software developer known only as Satoshi Nakamoto. Bitcoin can be bought and sold through online marketplaces, called “bitcoin exchanges,” using a variety of currencies. It can also be bought and sold using cash through a specialized […]