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What is Bitcoin?

WHAT IS BITCOIN 2008 What is Obitcoin? .... ....I ((O) bitcoin invented by Digital currency Transferred from Without the person to person via the web without sent via the involvement of Satoshi Nakamoto banks/government agencies internet going through a bank Source: An Introduction to the Rise of Bitcoin by Ph.Creative Pre-2012 2012 onwards Bitcoin Businesses using Obitcoin is the first true viable internet currency O Internet Services Adoption Rate First online retailer to exceed $1 million bitcoin sales 12.6 million Obitcoin in circulation Small Online Sellers Estimated Number of Users 2.6 million Reached $1 million 5.46% Monthly average growth bitcoin sales in 50 days Illegal Goods and Services IS shopify Merchants 10,000 gyft 14.19% Monthly average growth Travel * As of April 2014 .... .... Why companies accept bitcoin Why people use their bitcoin New markets B B Micropayments Convenient Anonymous open up Secure/ Proof of No fees cannot be Instant transfer transaction counterfeited because its transparent BITCOIN IN THE PHILIPPINES Hhe PLEDGE Á BANCA BITCOIN PH Facebook Group The first merchant to officially accept Obitcoin in the Philippines Php 70,000 worth of Obitcoin in 3 days after someone posted it on Reddit. End of 2013 April 2014 400+ 1800+ Bitcoin based companies Companies using bitcoin as payment option B snoe MetroDeal Mr. Delicious Live your City for Less SATOSHI CITADEL INDUSTRIES CASHCASHPINOY COINXCHANGE WE GOT A DEAL WHAT BITCOIN MEANS FOR FILIPINOS Charities have Remittance Market limited reach with international is #3 in the world at $26 Billion annually. donations because of high transfer fees Half million online ONEY TRANSFER Predatory money transfer rates of merchants with no access/ unqualified to accept digital payments 10% and up © 2014

What is Bitcoin?

shared by Bitmarket-PH on May 14
An infographic about Bitcoin and Bitcoin in the Philippines created by the team. #bitmarketph




Ash Garcia


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