There are various innovative money payment systems in the market today, many of
which are built on platforms like the mobile phone, the Internet, and the digital storage
card. These alternative payment systems have seen encouraging or even continued
growth, from the likes of PayPal, Apple Pay, Google Wallet, Alipay, Tenpay, Venmo,
M-Pesa, BitPay, Moven, BitPesa, PayLah!, Dash, FAST, Transferwise, and others.
Beyond payment systems that are based on fiat currency, the growing use of digital
currency allows for faster, more flexible, and more innovative payments and ways in
financing goods and services. One digital currency, however, stands out among the rest.
Bitcoin is one of the most well-known digital currencies today. To be specific, Bitcoin is
acryptocurrency, which is a subset of what is generally known as a digital currency. Bitcoin
is a unique cryptocurrency that is widely considered to be the first of its kind. Like many
created after it, Bitcoin uses the power of the Internet to process its transactions.
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