Bitcoin users can trade the currency electronically for goods and services, and a number of businesses worldwide are now accepting Bitcoins as payment  including several restaurants. In fact, financial experts have stated that the success of Bitcoin is dependent on businesses accepting it as a form of payment
which operates free from any centralized bank or fund. This means that unlike nearly all other types of currency, Bitcoin currency is not based on the value of stockpiles of gold and silver. Instead, its value is based on the belief in this particular system of electronic trading.