Bitcoins

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Bonnie Weishaupl
Bonnie Weishaupl's picture
Bitcoins

I have been reading a lot about Bitcoins , who is printing this money? can i go to the mall and buy things with it?

Jason Pride
Jason Pride's picture

Hi Bonnie,

BitCoins are a currency used for online transactions and will not be accepted at the mall. There is no one printing BitCoins. They are an electronic medium and not backed by hard security or government. This is the reason they price sees wild fluctuations and instability.

Dvir André Tzanua
Dvir André Tzanua's picture

Hi Bonnie, you're welcome to read our introductory guide for bitcoins here: http://www.globalfinanceschool.com/blog-post/beginners-guide-bitcoins