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Computer programmer Felix Weis is travelling around the world in order to introduce merchants to the digital currency.
Computer programmer Felix Weis is travelling around the world in order to introduce merchants to the digital currency.
According to an article on Stuff.co.nz:
As proof of his devotion to the six-year-old currency, Weis converted all his money into bitcoin and cut up his credit card. He carries the two halves in a clear plastic bag for anyone who doubts his seriousness.
Often three or four people gather to listen as he — usually — convinces someone to accept it as payment. Then he pulls out a selfie stick.
[…] Bitcoin was invented as an alternative to government-run monetary systems, and allows users to make payments instantly and anonymously, even across borders, with no need for a bank or other third party. It can be used to buy goods and services, traded for traditional currency on a bitcoin exchange, or stored in a virtual “wallet”.
The virtual currency is controlled by an international network of computers, rather than a central bank or government. Its underlying technology is the blockchain, a sort of public ledger of each bitcoin transaction. Thousands of specialised computers worldwide verify transactions using a computer code that — in theory — is unbreakable.
Click here to read the entire article on Stuff.co.nz.