Better, More Accessible Means of Acquiring Bitcoin Bode Well for the Currency's Future
Posted by bitcoinpage, 04/02/2018 5:35 am
The Bitcoin distributed currency rests upon an impressive layer of technology, but it is not an entirely comprehensive one. In fact, the system that powers Bitcoin does not itself allow for any way to turn the digital currency into traditional ones or vice versa. At Xcoins.io, however, there are now new options opening up that finally make this important form of conversion easier.
A Network That is Open to All but Not Traditionally Easy to Become Involved With
The creator of Bitcoin hoped to democratize a type of currency that had yet to achieve truly widespread adoption in any form at all. The ambitious thinking that went into the invention of Bitcoin, however, failed to account for some fundamentally important needs.
Bitcoin as it has become used today is in some respects self sufficient, but only with regard to its internal functioning. While transactions can be verified and recorded without reference to any external authorities or resources, a crucially important requirement remains unaccounted for by the Bitcoin technology itself.
This, of course, is the ability to connect Bitcoin to the wider world so that it can actually be used in conventional commerce. With businesses and individuals everywhere still having need of access to traditional types of currency, there has to be some way to bridge Bitcoin with these existing stores of value.
Unfortunately, that has long been a serious sticking point for the currency and for many who would otherwise be happy to adopt it. While some might have acquired Bitcoin balances by participating in mining, that is not a very realistic option for the average person. The many more who would prefer to trade conventional currency for the digital kind have historically found themselves lacking appealing options.
A New Solution is Set to Make Bitcoin Even More Popular and Successful
As those who view more from Xcoins.io at that company's website will realize, this is no longer the problem that it once was. While there are still exchanges that make the process of obtaining Bitcoin overly slow and burdensome, there are new and better alternatives that make a lot more sense for the average user.
Whether that means acquiring some bitcoin with paypal or using a credit card or bank account, it no longer needs to be difficult to turn conventional forms of payment and stores of value into distributed, digital currency. As the bitcoin info here makes clear, that is already starting to allow the leading cryptographic currency to overcome quite a few hurdles that had previously stood in its way.