A little bit of current history…

The universe of cryptocurrencies is complex, tending to infinity, dotted with expanding digital galaxies and others ready to be born through the grandiose production process of mining…. To date, there are over 3,600 and a good percentage of these, about half, are actively traded every year.Bitcoin – which turns 12 on October 31 – is the best-known virtual currency and capitalizes 60% of the entire market. The second by market cap follows, namely Ethereum (also being the most used platform for smart contracts – intelligent contracts – as well as the network that hosts most of the main DeFi protocols – decentralized finance -), the third Binance Coin, then Tether and so on. talking….Since 2009, the year in which bitcoin was “coined”, the virtual currency market has evolved a lot and many other alternatives to it have been born even if none of these has ever managed to replace it and, much less, to overcome it: 2020 will be remembered for the performance of 265% achieved in 12 months. The algorithm on which bitcoin was devised so as to be able to place a maximum amount of 21 million Bitcoins on the market, a goal that will be achieved, it is estimated, in 2,140. Over 18 million are already in circulation, which makes it a scarce commodity, and scarcity itself is what makes it so attractive.For many, Bitcoin is held as a speculative asset, but not only: it is a store of value, a safe haven, AN ALTERNATIVE TO GOLD. It goes without saying that Bitcoin’s appeal to institutional investors is steadily growing. The number of companies that have chosen to buy Bitcoin today represents a clear signal on what could happen tomorrow: MicroStrategy and Tesla could only have indicated the path that, in the future, could be followed by many other institutions. Elon Musk exposes himself by saying that bitcoins will be accepted “as a form of payment in the near future“. And even tech giants like Apple and Google seem about to drop the prejudices towards Bitcoin transactions. Square believes cryptocurrency is an economic empowerment tool, providing a way for people to participate in a global monetary system and secure their financial future. Goldman Sachs, JP Morgan and many other big financial players have created departments based entirely on cryptocurrency forecasting, and many of them are working hard on their own cryptocurrency projects. Bitcoin in particular and cryptocurrencies in general also represent an “attractive” option for investors wishing to protect themselves from currency devaluation.

Elon Musk’s latest: Tesla invests $ 1.5 billion in Bitcoin. Cryptocurrency is soaring

The Californian company intends to accept bitcoin as a payment tool

MicroStrategy, $ 600 million loan to buy bitcoin

Why Square bought more Bitcoins

The company declares:

“In line with the company’s purpose, Square believes cryptocurrency is an economic empowerment tool, providing a way for people to participate in a global monetary system and secure their financial future. The investment is part of Square’s ongoing commitment to bitcoin and the company plans to reassess its aggregate bitcoin investment, relative to other investments, on an ongoing basis.”

Let’s get to the point:

WHY DO WE ACCEPT BITCOIN / ETHEREUM PAYMENTS?

Thanks to their nature, Bitcoins are not held by a bank or a single organization, it is a decentralized and decidedly innovative system, since it allows you to exchange a currency without the intermediation of a central body.

Bitcoin exchanges are always completely anonymous by nature. No one can know that it was you who paid a certain amount with Bitcoins, nor to whom you paid it. The security of the Bitcoin protocol is extremely high, because it derives from complex calculations that require thousands of extremely powerful computers to be performed; it is therefore practically impossible for the Bitcoin network to suffer such a violation as to endanger your digital funds. Due to the serious financial crisis of 2008, bitcoin and other cryptocurrencies have received more and more credit, presenting themselves in the world of markets as the new way to give and take guarantees in financial transactions. The traditional financial system can no longer ignore new technologies! According to the Cambridge Center for Alternative Finance, the number of people using cryptocurrencies almost tripled from 35 million in 2018 to 101 million in Q3 2020. Another study, carried out by researchers from the UK’s Financial Conduct Authority, revealed a 78% increase in the number of cryptocurrencies. 2019. Holding Bitcoin is just as legal and, due to its decentralized design, represents, today and in the future, an IMPIGNORABLE GOOD and absolutely beyond any control of government bodies.

Banks are also starting to open up to digital currencies in a similar way to cryptocurrency exchanges (cryptocurrency trading sites), to meet the demand from Millennials and Generation Z. Switzerland, which has quickly become a haven for trading companies. financial technology, collectively has many major banks investing in cryptocurrencies.

In line with the company’s purpose, Square believes cryptocurrency is an economic empowerment tool, providing a way for people to participate in a global monetary system and secure their financial future. The investment is part of Square’s ongoing commitment to bitcoin and the company plans to reassess its aggregate bitcoin investment, relative to other investments, on an ongoing basis. “

Today paying with Bitcoin is legal both in Italy and in Europe and more and more physical places such as companies, restaurants, hotels and shops accept Bitcoins as a legitimate method of payment. According to the Coinmap website, which shows the map of all the places in the world where you can pay in Bitcoin, in Italy there are many businesses that accept cryptocurrencies. Although most are located in Milan and Rome. Hotels and bed and breakfasts, bars, restaurants, clothing, craft, design, telephone shops, ateliers, copy shops, jewelers, department stores, tobacconists: the most diverse activities where you can pay with Bitcoin and other crypto . You can even pay a lawyer (there are several law firms that accept Bitcoin).

Having received and continuing to receive huge requests from our customers for cryptocurrency payments, we at Vikishop.it embrace innovation: for this reason, in addition to the more traditional payments by bank transfer, Paypal, credit / debit cards, we choose to offer you a innovation also in this context, in line with the attention and care we reserve for you in your purchases!

“The future belongs to those who are preparing for it today.”

 MALCOLM X

Happy shopping in crypto on Vikishop !!!