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Bitcoin made its first appearance in 2009 and immediately begun a new disruptive revolution with an era of cryptocurrency. Today, there are more than 700 different digital currencies, but bitcoin still remains the leader in the industry. While tax authorities, enforcement agencies, and regulators in different countries are still trying to cope with this recent phenomenon, one question arises — is bitcoin legal? In this article we will try to answer this question.
Literally a few years ago bitcoin was considered to be a renegade virtual currency, which many thought was used only by criminals and criminals. Like the Internet at the beginning of its existence, investors and businesses did not see the value of technology and were overlooked by its dark associations. Today, Bitcoin and its inherent technology, the block circuit, are at the top of new Fintech businesses, and a new wave of startups is jumping out with new and innovative concepts for its application.
Blockchain technology is now used in various sectors of the economy, including healthcare, education, agriculture, automotive and banking. The ability of a distributed ledger to ensure data integrity, traceability and transparency was one of the key features that contributed to its adoption by companies in these sectors.
Bitcoin is an emerging digital currency. Recently bitcoin was in its infancy, and now it seems that it is becoming a more mature currency. The popularity of this virtual currency is constantly growing and every day we see more and more people joining this innovative industry. Bitcoin will certainly shake and destroy traditional economic and financial foundations and turn them into a more equal and democratic model.
The Bitcoin ecosystem is also increasing its agility, and more and more business segments are accepting this new currency every day. Evangelists of the movement are trying hard to introduce Bitcoin into everyday life – to turn it into a currency, not an asset or a financial instrument, and make the most of its unique functionality.
Bitcoin is an effective solution when it comes to sending or donating online. Donations can be seen by the general public, which helps find a better financial solution and greater transparency for non-profit organizations. Also in emergency situations, such as natural disasters, donations to Bitcoin arrive faster to those who need them, thus reducing international response time and being extremely effective as a smooth way to transfer values. Although there are still very few initiatives, we are already seeing the first crowdfunding projects related to Bitcoin appear more frequently.
Money is what money does. It’s a repository of value, a means of exchange, a form of power, energy consolidation… you can add those definitions. For a comprehensive understanding, post-reflection of this article, there is a page of the investment project that deepens this discussion into the history to date. It is important to note that money has developed throughout history, along the path of development and regression of human civilization. Crypto-currency is a revolutionary innovation that redefines how money works. More importantly, it is rethinking how the world works with money. It is an area of interest for further impartial (cognitive, technocratic and bureaucratic) research by politicians, economists and governments around the world.
Virgin Galactic is one of the most exciting, futuristic companies in the universe. Bitcoin, virtual currency, has really captured the imagination lately as one of the most innovative businesses in the world, looking to the future. So we think it’s time for Virgin Galactic customers to choose to pay with bitcoin.