A while ago, there was a service called Bitcoin that started. As anything that deals with money, I was a bit cautious about jumping in. However, I decided to take the leap as it is around, and there was only one major security breach.
For those that don’t know, bitcoins are an electronic virtual currency. Merchants and people can use them independently of the banks, and therefore independent of transaction fees. One could of course exchange it for real currency which can be deposited into a bank account, or Paypal. However – there are exchange fees, and one is responsible for any taxes due to it.