Post
Topic
Board Economics
Re: Bitcoin as a Medium of Exchange
by
CoPil
on 16/12/2017, 12:57:00 UTC
Many true Bitcoin enthusiasts actually prefer to use Bitcoin as a medium of exchange. They aren’t interested in investment or speculation or trying to sell at a profit.
Instead, they see Bitcoin as a way to engage in free association of trade without the need for governments to regulate the exchange. With Bitcoin, it’s possible to pay for goods and services instantly by transferring the digital money straight from your wallet to someone else’s digital wallet.

That's true. Especially online of course. Digital transaction exchanges commonly relies to digital currencies ...as e-wallets became popular together with the expansion and popularity growth of cryptocurrencies. Many see bitcoin as a good or 'great' medium of exchange. Majority of the people today see the efficiency and reliability of Bitcoin as a medium of exchange.