Type of Cryptocurrency

This is a type of cryptocurrency that allows people to purchase money.  Bitcoin is one of the first cryptocurrencies and can be used all over the world for payments.  It is not based on any one country’s currency and therefore is a global market place.  It can, however, be equated to any country’s currency and is therefore a very viable and new way for markets to be set up all over the world.  Some countries, however, have banned the use of Bitcoin and the U.S. is in the process of regulating it.  Over regulating it, however, may not be a good idea since this new market place can bring much economic stimulation to any country and the world.  Anything can be monetized on Bitcoin and it all depends on what the buyer and seller see as the value for an item.  The value of Bitcoin coins has to do with the amount of coins in the system and the demand there is for the coins.  Thus, Bitcoin depends on supply and demand to determine its value.  It is very easy for Bitcoins to be accepted at a business because all the business has to know is how many bitcoins equates to the amount of money necessary to buy a product.