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Can I get broadband without a landline? What next for bitcoin and will it rise again? Gatehouse Bank lands latest blow in the best buy savings battle with table-topping fixed rates of up to 2. How good are people in your job at saving into a pension? Money Morals: What should I charge a friend to rent my spare room? The online auction website is to add a virtual currency category on its classifieds section, allowing users to buy and sell the cryptocurrency. Bitcoins are a computer based form of decentralised currency that is created by complicated data mining.
It was created in 2009 as a form of online payment separate from the control of government and central banks. 1,000 last year as it moved more into public life. 100, is it time to take this cryptocurrency seriously? Bay is the latest mainstream brand to embrace the virtual currency. Last week Overstock, a US-based discounted goods website, said it would accept payments in Bitcoins, but this has not been made available for UK customers yet. This section links local sellers and buyers and you can communicate directly. The updated policy will clarify that listings for Bitcoin and other similar virtual currencies must be listed in the Virtual Currency Category in the Classified Ad format.
The Virtual Currency category is expected to be available on the UK site on February 10th. You will still have to pay for the Bitcoins with a debit card or however you agree with a seller. You will not be able to buy Bitcoins with Paypal. Paypal president David Marcus said on Twitter this week that the company was supportive of Bitcoins but that they could not be used as a form of payment. The more that well-known brands give the virtual currency a platform, the better it is likely to perform and the prospects of it being a widely accepted form of payment increase. There are already a number of locations where you can buy items with Bitcoins. You can get beer in the Pembury Tavern in Hackney or breakfast in Glasgow’s Brooklyn Café.
While the transaction will be instant, the currency is vulnerable to wild price swings so there is no guarantee as to what the Bitcoins will be worth. Bitcoins are an extremely volatile currency. 1,000 last October but has suffered big falls as a result of the Chinese government banning its use by official bodies. 800 off the back of positive news such as on-line gaming sites allowing payment in Bitcoins, but there is no guarantee that nervous regulators in other countries will not clampdown on the use of the virtual currency.