To put it in perspective, bitcoins is to the online economy, as Poké Coins are to the highly popular Pokémon Go app.įor those of you who are unfamiliar, Pokémon Go is basically an exercise app that juxtapositions your real location via GPS with virtual monsters (Pokémon). This user-friendly, peer-to-peer payment system is known as cryptocurrency.Īs a newbie to the virtual currency world, it can be hard to wrap your brain around the idea of money that is not really money, at least in the traditional sense. With bitcoins you can buy flowers for the special someone in your life from, and even a plane ticket to California from. It works like this: you purchase credits (aka Bitcoins) with real money, then use these credits to buy products.
SeptemIt is amazing to see how far humans have come from simple bartering and trading systems, to where we are currently, where money is more of an agreed upon virtual concept than something tangible which can be taken out of your wallet.īitcoin, the leading digital asset and payment system, is a fantastic example of this.
