WHAT IS BITCOIN?

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LEGAL TIP OF THE WEEK

WHAT IS BITCOIN?
Move over ApplePay, there is a new game in town. And, if you are late to the game, here is what you need to know about Bitcoin. Bitcoin is digital money, created by non-governmental entities and without the involvement of traditional banking institutions. A Bitcoin user gets digital coins for transactions, and can convert those coins to cash by depositing them into an account set up for online trading. The appeal of Bitcoin is privacy and its investment possibilities. Investors around the world have holdings in Bitcoin, and use is on the rise.
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