Oh, Bitcoin. We just can’t get rid of you. How sneaky and obscure you are with your intangibility. Turns out, Bitcoin could be around for a while. For those of you who have likely heard of Bitcoin but aren’t quite sure what it is, it’s essentially an invisible cryptocurrency that exists only online and is transferrable from peer to peer, meaning no middle party – like a bank – is necessary. This form of currency, however, is more difficult to counterfeit than the paper we’re used to because it uses cryptography for security purposes.
Why is this important to you? Because now, more and more food outlets – from restaurants and bars to breweries and farmer’s markets – are accepting Bitcoin as a form of payment. There’s even a Subway in Pennsylvania that’s accepting the cryptocurrency. Read More