Hey guys. Have you ever heard about bitcoin?
Last year , i think even before we quit our jobs to work full time, we researched many things to build kaya and we stumbled upon bitcoin.
Bitcoin is a virtual currency , designed for online transactions. Its an open source project with some mathematical backing on how the currency is handled and created.
Although it would seem to be growing, its still not a strong currency like the dollar or the EUR but it would seem to be here to stay, at least as a minor-currency.
The advantage it has over paypal or other similar services to transfer money is that its super cheap. The transaction fees are almost inexistant. (well below the 1%)
Have you ever heard of bitcoin? should we consider using it as an alternative payment method?