Sir Arthur C. Clarke said that: “any sufficiently advanced technology is equivalent to magic”. Well, I thought that transferring money from a country to another without paying any fees could only happen in a magical world, but since I have started travelling around the world of technology on my journey with Serviceteam IT, I would totally agree with Arthur.
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Bitcoin, has risen to fame in recent years and become especially prevalent due to the recent media coverage linked to cyber-fraud, particularly the WannaCry ransomware attack. They’re anonymous and not in the control of banks and governments. Despite its affiliations with the illegal economy, and the association with cyber-fraud, major banks and companies across the world are in talks to adopt digital currencies such as Bitcoins.
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