what is bitcoin?

Bitcoin is form of digital currency that is decentralized,it operation is without single administrator or central bank,is also a coin we can mine or earn.

Also bitcoin can be set for user to user on the peer to peer bitcoin network,it doesn't require intermediaries.

Bitcoin is the number one cryptocurrency in the world which came into existence in the year 2009 by a programmer called SATOSHI NAKAMOTO tho his identity is yet to be known.

Aim of bitcoin

• Because of the global crisis in 2008 SATOSHI NAKAMOTO want to make life easier with digital currencies.
• Bitcoin was created as a way to send money to people without intermediaries.
• Bitcoin operates as an alternative to the traditional Banks by being a digital form of money.

Advantages of cryptocurrency

I will say that cryptocurrency is good and acceptable for payment in business because of the following reasons;

• It improves the ability to process payment fast and with ease.
• It helps business to have more customers since it enables the customer to complete transaction very fast.
• It has very low transaction fees for international payments unlike banks.
• Digital currencies like bitcoin are not at risk of being over issued like other regular currencies.
• Bitcoin can be store in a digital wallet and can access this wallet via the internet from a computer or mobile.
• Bitcoin can send one person to another person via Bitcoin Network.

Thank you @stream4u