Why Bitcoin

Why Bitcoin?

We believe now is the ground floor for the bitcoin industry. Like the personal computer in the 80s and the Internet in the 90s, the era of bitcoin is upon us.

What is Bitcoin?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

Is Bitcoin legal?
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies.

Some states such as Texas have issued guidelines regarding bitcoin. It is important to clearly understand the regulations in your proposed market area.

Where can Bitcoins be used?
Thousands of merchants accept bitcoins with major names like Overstock.com and
Tiger Direct. They can also be used in private transactions. We believe it is easier to buy bitcoin from our machines and spend them on the Internet. Visit https://spendbitcoins.com to see the thousands of locations where bitcoins are accepted.
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