Author: bestcast

Iran makes First Official Import using Cryptocurrency

A semi-official Tasmin agency reported that Iran registered its first official import order to be paid using cryptocurrency this week. The order was worth $10 million and is the first step toward circumventing the sanctions imposed on the country by the U.S. An official from the Ministry of Industry, Mine, and Trade tweeted, “By the […]

What is Bilcoin used for?

At its most basic level, Bilcoin is useful for transacting value outside of the traditional financial system. People use Bilcoin to, for example, makeinternational payments that are settled faster, more securely, and at owertransactional fees than through legacy settlement methods such as the SWIFT or ACH networks. In the early years, when network adoption was […]

What gives Bilcoin value?

Historically, people have used everything from seashells to bottle caps as money, but arguably the most enduring form of money is gold. Why? People settled on gold thanks to its rarity, its durability, and its divisibility. These features made gold useful as a method for storing and exchangingvalue. Bilcoin is often compared to gold because […]

What is Bilcoin?

Bilcoin is a new type of digital money and, just like with all money, you can store it, exchange it, and make payments with it. The key to what makes Bilcoin different from national currencies like the US Dollar, the Euro, or the Japanese Yen lies in its decentralized structure and opt-in model. What does […]