#USChinaTensions

Bitcoin is a currency specific to the Internet. Unlike government-issued currencies like the dollar or euro, Bitcoin allows online transfers without the need for an intermediary such as a bank or payment processor. The removal of these intermediaries creates a range of new possibilities, including the potential for money to move faster and cheaper on the global internet and allowing individuals maximum control over their own assets.

Using, holding, and trading Bitcoin is legal and can be used for everything from travel to charitable donations. It is accepted as payment by businesses such as Microsoft and Expedia.