Bitcoin , which is often described as cryptocurrency, a digital currency.is a type of money that is completely virtual.
We can Bitcoin to buy product and services,but not all shops accept Bitcoin also some countries banned it altogether.
Yeah, this is the reality that not all shops are accepting bitcoin because they still don't understand what it is all about. As for the other countries that have banned the usage of bitcoin into their countries, they're not many.
Bitcoin can be use to buy, send, deposit and also make withdrawals.
In Bitcoin, users can send and receive payments to or from anyone on the network without waiting for an approval from the authorities.
But it has to be confirmed by the network, by the miners.
Since Bitcoin transactions does not involve government,the cost of transaction will be low. Bitcoin user can pay for their coin anywhere when they internet access. This means those purchases Bitcoin don’t need to go bank or store to buy a product.
Yes, no need for the intervention of the government authorities and you're on your own and you can make yourself a bank by managing your wallet.