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Cryptocurrency has exploded in popularity since Bitcoin was invented in 2008.But what exactly is cryptocurrency, and how will it impact the future of society? We caught up with David Thompson, Chief Technology and Information Officer, to find out his thoughts.

Bitcoin (₿) is a cryptocurrency, a form of electronic cash.It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

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The European Union has passed no specific legislation relative to the status of bitcoin as a currency, but has stated that VAT/GST is not applicable to the conversion between traditional (fiat) currency and bitcoin.

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Bitcoin To Western Union >> Western Union Archives - PC Tech Magazine

Bitcoin To Western Union >> Western Union Archives - PC Tech Magazine

Bitcoin To Western Union >> How to Buy Bitcoins with MoneyGram or Western Union | Made for Bitcoin

Bitcoin To Western Union >> How to Buy Bitcoins with MoneyGram or Western Union | Made for Bitcoin

Bitcoin To Western Union >> Western Union mène des tests visant à utiliser la solution xCurrent de Ripple - Crypto-France

Bitcoin To Western Union >> Western Union mène des tests visant à utiliser la solution xCurrent de Ripple - Crypto-France

Bitcoin To Western Union >> Tim Draper: Bitcoin's Price Still Headed to $10k

Bitcoin To Western Union >> Tim Draper: Bitcoin's Price Still Headed to $10k

Bitcoin To Western Union >> Representing IOTA on a tech talk with CITI Bank – Crypto Feed

Bitcoin To Western Union >> Representing IOTA on a tech talk with CITI Bank – Crypto Feed

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Bitcoin To Western Union >> Bitcoin and Money Laundering - Challenges for Law Enforcement Agencies - Deep Dot Web

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