30 Apr '13, 9pm
What Can I Buy With Bitcoin? [MakeUseOf Explains]
If you’ve never heard of Bitcoin before, then don’t worry because you’re in the majority. Let’s just say that it’s a virtual currency (meaning you’ll never be able to hold an actual Bitcoin in your hands) and leave it at that. For some people, that might sound silly. For others, Bitcoin is slowly but surely becoming the currency of the future. Over the month of March, the value of a single Bitcoin nearly quadrupled when it shot up from ~$40 USD to ~$140 USD. Combine that with the fact that there are nearly 11 million Bitcoins in circulation and you can see that Bitcoin isn’t something to scoff at. The concept of it is foreign, yes, and many distrust the integrity of the Bitcoin , but it’s turning into something that may very well be commonplace in a decade or so. But as with all currencies, the main purpose of a currency is to allow the holder to purchase something using t...