Backed by an assuring a government that value exists, fiat currencies, like the Euro or the dollar, can be traded for goods and services. But Bitcoin is a decentralized digital currency that was invented in 2008 by an unknown person or group using the name Satoshi Nakamoto. It is a peer-to-peer system that enables transactions to be made without the need for a central authority o carries no such guarantee; it exists entirely in the digital world and doesn’t have ties to any established organization. So why does it have value as a legitimate currency? LEARN MORE: https://www.bytefederal.com/what-determines-the-price-of-bitcoin/ Looking for the BEST Bitcoin ATM Near You to buy and sell A cryptocurrency is a digital or virtual form of currency that uses cryptography for secure transactions and operates independently of a central bank. Examples include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). More? Choose Byte Federal. Go Bank, Yourself.