Bitcoin is a digital peer-to-peer currency system, allowing payments to be sent and received anywhere around the world within minutes. While many individuals are still unsure of this newest currency, the use of Bitcoins has skyrocketed in the past year. Since their first release in 2009, their value has gone through the ceiling, increasing over eightfold, to over $1.1 billion. Accounting-degree.org has created an infographic detailing the rise and use of Bitcoins.
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