Also Read: Michael Saylor Shares his Bitcoin Playbook To Compete With Magnificent Seven Companies Bitcoin is one of the most well-known virtual currencies today, with its value rising dramatically since its launch in 2009. Satoshi Nakamoto, the pseudonym of Bitcoin's creator, stated the purpose of Bitcoin is as an electronic payment system that is based on cryptographic proof, instead of trust. Some holders buy bitcoin as an investment, wanting it to increase in value, while Visit the site individuals and businesses use or accept payments as currency. PayPal, for example, currently supports Bitcoin transactions, and the country of El Salvador has accepted Bitcoin as a currency. One of the Big Four banks in the United Kingdom, Lloyds (LON:LLOY) Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23 in the current year...