Understanding Cryptocurrency: What is Bitcoin?

How to Explain Bitcoin?

What is Bitcoin? LUXOLO Financial Founder/CEO Daren Hebold concisely answers this common question in this short video clip. 

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So what is Bitcoin, you might ask? It’s money that you have in your possession that you can pay to another person directly without any intermediary friction permission or fees. It’s a store of value. It’s a means of exchange, and I’m confident it’s going to become a unit of account in the future.
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