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As I looked through the web I found a virtual currency system called Bitcoin. Bitcoins are virtual coins which can be sent through the internet. The virtual money is transformed directly from person to person without going through a bank. This means that the fees are much lower, your account can not be frozen, you have no limits and you can use them in every country. And this is how it works. Bitcoins are generated by everybody all over the world by running a free application called bitcoin miner. So the amount of bitcoins is predictable and limited. Your coins are stored in a digital wallet. When you transfer Bitcoins a electronic signature is added to make it save. The software of Bitcoin is open source, so anybody can review the code. So when erveryone has access to a global market it will support creativity and creates new ideas. But what is your benefit from all these issues? With Bitcoins you can purchase things like books or gifts without using real money. There even exist several currency changes where you can change Bitcoins for example in Dollars or Euros. The big advantages of Bitcoins are that there are no fees and chargebacks and accepting them is free.
So Bitcoins are an interesting and creative idea of virtual currency and I think they are a good example for micro-saving issues.
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