Bitcoin is being promoted as the alternative to the world paper currencies like the USD, GBP, JPY etc. It has finally found a place the the World Economic Forum in Davos. Bitcoin gained notoriety last year when its price reached as high as $1500 before it crashed. It has also been plagued with a number of scandals that includes the Mt. Gox saga and the Silk Road. However it seems that Bitcoin is now slowly finding its place amongst the global business elite.
But Davos attendees can use digital currencies for a range of options this year such as paying for apartments, taking a toboggan trip or even splashing out on a new Nissan.
Now if you are not sure how bitcoin works. Watch this video below that explains how bitcoin work!