In a world in which the digital world is expanding, and in a world where more and more people are dreaming of fast money, Bitcoin is now growing and reaching more and more ordinary people. More dreaming about how they can get fast money, see how it increases in value and usually do not have to do anything. Bitcoin was started in 2009 by Satoshi Nakamoti, although many think it's a pseudonym. Its popularity is of course that the monetary value is not governed by a central bank, and therefore, Bitcoin is protected from political impact and monopoly-like payment systems.
Even though Bitcoin's monetary value goes up and down, and one as a consumer must keep track of the value, the one who takes it easy can earn the most. There is a thank you for how many bitcoins there are, about 21 million bitcoins to 2140. This means that when you can not buy Bitcoins anymore, then the value increases considerably over what has been saved over the years. When these are traded and enter the market again, the value goes down again.
Most people know the currency Bitcoin nowadays, but only a decade ago, nobody knew about it. For those who do not know what Bitcoin is, it's a digital currency, a crypto currency that allows users who use Bitcoin to make payments directly over the internet without having to interfere with, for example, a third party, like your bank.
You make transfers via P2P networks, where each user has his own wallet file that saves his bitcoins along with a number of bitcoin addresses. The wallet file can be saved via your computer or mobile, as long as the service offers it. This makes the use of Bitcoin smooth and easy for a user. Another appreciated thing about the service is that the users themselves, if they have found something to buy, then they can choose to pay a transaction fee or not. Thanks to this smart system, Bitcoin has become a popular currency to use various trading platforms, not least in the growing gaming industry where a number of online casinos have snapped up the expanding trend of bitcoins.
Bitcoin's popularity is also growing ever stronger in the young generation, as the new generation has seen the impact and market value of Bitcoin. At the moment, you can download a Bitcoin app on your mobile phone, where you can trade up to $ 200 each day, turning your money into Bitcoin.
An increasing number of countries and banks also seem to follow in the trend regarding Bitcoin. For example, Malta has now introduced its first bitcoin ATM, where you can turn your bitcoins into euros. The people of Malta, not least the Swedes and other Scandinavians living on the island, are considered very active when it comes to the use of bitcoins. There are also theories that the use will expand further, thanks to all gaming companies that highlighted the bitcoin brand in the market. There are also another range of online casinos that refrain from bitcoins but still accept the currency through external online exchange services. The range varies greatly. Some players redeem bitcoins to PayPal account while others transfer your money to a bank account or debit card.
When we talk about Malta, there is no doubt that the country, its location and tax system attract many poker companies and casino operators. It is thus excluded that the expansion will lead to additional bitcoin-friendly services. And the more tax revenues this segment generates the more influence the gaming industry will have in Maltese politics.
In the world, over 1300 Bitcoin vending machines are available, and more and more countries and banks choose to follow. Largest, it is currently in the United States, which has over 900 bitcoin vending machines in 35 states. In Sweden, the first Bitcoin machine came in 2013, in Stockholm. There you can exchange bitcoins to Swedish kronor, or Swedish Crowns to Bitcoin. An increasing number of companies around the world now accept Bitcoin as a payment method, even donating money to organizations.
Although crypto currencys like Bitcoin are hard to figure out, when the value can go up and down quickly, Bitcoin have come to the world to stay.
