A currency for the future

18 October 2013 | caymannetnews.com

With the revolution of the Internet, Bit currency is here to stay and the Cayman monetary authority should start exploring this possibility.

Bitcoin is an electronic system that uses peer-to-peer network, digital signatures and cryptographics to create a currency.

Bitcoin is also defined as an experimental, decentralised digital currency that enables instant payments to anyone, anywhere in the world. Operating without a central authority, this form of trading manages transactions and issues money collectively by the network.