By David Midgley for Total Processing Blog
With digital payments and currency becoming more common and increasingly popular in the business world, it’s no wonder that the rise of Bitcoin is now more evident than ever. The digital world is booming and the idea of a digital wallet is no longer just an idea, it’s here and has been around for a while now.
People are always on the move with their technology and transactions are quicker and easier than ever before. Technology and payment methods are constantly evolving, and with the likes of Amazon Go launching, there really doesn’t seem to be any limit. Bitcoin has been around for a while now but it’s certainly had its up’s and down’s.
What Is Bitcoin?
“Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.”
The below infographic, created by Total Processing, specifically looks at the rise of Bitcoin and its history since Bitcoin.org first launched in 2008. The infographic takes you on a historical journey of where and how Bitcoin payments came about, to where the cryptocurrency stands today.