The idea of using a form of Cryptocurrency as a payment method for online services, online stores and websites is becoming more common with every passing day. This form of Cryptocurrency is known as bitcoins. It was created by a person (bitcoins) who decided to use a new technology for global transaction and payment, which at the time was quite controversial because many people were against it, thinking it would eliminate money as we know it. However, as time went by, more people became interested in this new form of payment. People like you and me are now able to use this form of Cryptocurrency as we make purchases online, and even when we pay for items online with our credit cards.
One of the main benefits of bitcoins is the low or no cost associated with remittances. Imagine being able to send a payment to a person all over the world without having to pay any fees or commission to the merchant, and imagine sending hundreds of these payments per month. All you would have to do is configure your computer to receive and log into your bitcoins wallet. With this, you can spend as much money you want and as often as you want. And this is all done without spending anything extra on charges.
Another major benefit of bitcoins is their use as a form of Cryptocurrency. This means that instead of being limited to local or regional payment methods, such as using PayPal or your credit card for purchases, you now have the ability to use your computer as a global currency exchange tool. Using your local banks or your credit card is not how we do things anymore, we use our computers. If your computer can act as a payment processor and acts as a global currency exchange, then you can use it to buy anything in the world. Bitcoins can open up endless possibilities for us all.