Question: That's a great question, Jack! All I know about Bitcoin is that it's the name of one type of cryptocurrency but there are a lot
That's a great question, Jack! All I know about Bitcoin is that it's the name of one type of cryptocurrency but there are a lot of others. Jacob West, do you know any more about cryptocurrency?
Jacob West
I do know a little. I know that cryptocurrency
is only available to individuals. Businesses cannot get involved in cryptocurrency transactions.
exists only on computers and transfer of cryptocurrency is done between peers. That means there's no bank involved.
is popular now but it's doubtful it will grow. It's probably a passing fad.
is controlled by a worldwide banking system so it has no ties to any specific country.
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