By Tanzeel Akhtar with The Local
When it comes to spending the digital currency Bitcoin, it seems Berliners have been on trend longer than the rest of Europe.
The German capital was first dubbed the “Bitcoin Capital of Europe” by the Guardian in 2013 and since then a number of other businesses have been keen to accept cryptocurrency as a form of payment.
Nowadays people can buy an apartment, book holidays, eat and drink in a number of trendy bars and even pay for further education using the controversial cryptocurrency Bitcoin.
There are a number of appealing factors which make Bitcoin an attractive form of payment. One of them is the blockchain technology behind the cryptocurrency. This means Bitcoin is managed by its network and not by one central authority. This decentralization appeals to those seeking an alternative to traditional banking systems, offering faster and potentially cheaper transactions, especially across borders. Additionally, Bitcoin’s anonymity and security features are other key reasons for its growing use. For those interested in investing in Bitcoin, resources like theinvestorscentre.co.uk provide insights and guidance on how to navigate the market.
Be warned – Bitcoin investing is not for the faint-hearted! This year Bitcoin price has been falling as concerns grow that governments will crack down on the industry. Currently Bitcoin is trading at $10,600 after hitting almost $20,000 in December.
Read more on The Local.