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Wednesday, June 21, 2017

How Can You Actually Spend Your Bitcoins, Explained

How Can You Actually Spend Your Bitcoins, Explained

I have some Bitcoins and altcoins. Can I spend them anywhere I want?


Nope, sorry.


Unfortunately, Bitcoin is still pretty far away from becoming a universally accepted currency. Alternative cryptocurrencies seem to be even farther away from that point.


It has been a crucial problem for Bitcoin since its very beginning. What good is digital money if you can’t really spend it whenever you want? And the efforts of the community to improve the situation are one of the principal driving forces behind the growing adoption of Bitcoin and other cryptocurrencies.


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