“Most people are enthusiasts who use it but a lot of people use it all over the world for various reasons. The most popular use is for speculation. The currency has seen some massive price increases over the last year. But the most important application for it is for remittances, particularly in Africa.  Bitcoin is one of the first payment systems that doesn’t have anyone to tell you that you can’t use it. You can create your own account at home and use it to receive and send money. You don’t have to go and apply for an account. No one will tell you where to send or receive money anywhere in the world.”

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