🤓 Blockchain for noobs - Part 3
Let's explore another story about potential practical applications of blockchain, this time focusing on Bitcoin 🪙.
Imagine you are traveling ✈️ abroad and need to make a purchase at a local store. However, you don't have the local currency at hand and you don't want to deal with exchange rates 💱 and bank commissions 🏦.
Here comes Bitcoin. You can simply use your Bitcoin wallet to make the purchase. Instead of relying on intermediaries like banks or exchanges, Bitcoin transactions are executed directly between you and the seller, instantly and with minimal fees.
Plus, since Bitcoin is a decentralized digital currency, you don't have to worry about currency conversion 💱 or fluctuating exchange rates. The value of Bitcoin is the same anywhere in the world 🌎🌏🌍, making international transactions quick, easy and efficient.
Furthermore, Bitcoin offers additional security. Bitcoin transactions are recorded on a public, immutable ledger known as the blockchain🛡🔗. This means that all Bitcoin transactions are transparent and can be verified by anyone at any time.
In the case of international 🧳 travel 💺, using Bitcoin can significantly simplify the purchasing process and eliminates the need to carry large amounts of cash or deal with currency exchange issues. It is a convenient, safe and efficient way to carry out financial transactions anywhere in the world. Let's move on🤜🏻🤛🏾 learning about the wonderful universe of cryptocurrencies. To the next.#learncrypto#learnbitcoin#cryptofreedom#cryptonoobs $BTC $ETH $BNB