Virtual currency bitcoin Middle so phenomenon. Although covered pro cons, a number of famous merchant openly declared ready to accept bitcoin payments, such asthe super luxury electric car producer Telsa and the airline of the interpreter
Virtual currency bitcoin Middle so phenomenon. Although covered pro cons, a number of famous merchant openly declared ready to accept bitcoin payments, such asthe super luxury electric car producer Telsa, airline Virgin Galactic space, until the manufacturers of top-tier women's underwear Victoria's Secret
The methodology used in this research is carried out by means of gathering information from the internet, discussions with experts as well as related correspondence with other central banks. There is no definition of a raw alternative money related. Most definitions approaches may be issued by the European Central Bank or the European Central Bank (ECB). According to the ECB (2012), extended virtual currency as a type of digital money issuance and control is done by developers, not governed bya specific authority, and usually just accepted and used by a particular community. Further, the ECB identified that there are two ways to earn virtual money. First, buy orExchange with real money with certain conversion value agreed. Second, increasingownership of virtual money currency through the activities required by the Publisherof virtual money, such as solving a particular algorithm or the acquisition of a bonus. There are three types that have been classified by the ECB. First, the scheme of virtual money enclosed (closed virtual currency scheme). This scheme is closed and there is no model of the relation directly with real money.
Users typically pay admissionto become members of the community and then to earn virtual money to buy virtual goods diperdagangan in the virtual community. Second, the scheme of virtual money indirectly (virtual currency schemes with unidirectional inflow). This schema can be converted to real money on virtual money but there is no mechanism for the exchange of virtual money to real money because its function is only to be used in selling in a virtual community. Third, the scheme of virtual money directly (virtual currency schemes with bidirectional flow). This scheme allows the existence of a mechanism of exchange between real money and virtual money so that in general the value of coins can be bought are traded like currency rates.
While it is based on its characteristics, Mc Kee (2013), divide the virtual money in three categories. First, the coins online. Coins online especially thrive in social networking media and mobile applications. This type of virtual currency used to pay for online games. Success to earn coins depends on the ability of getting virtual coins by way of completing the game or purchased using real money. With this model, coins can be used to buy or upgrade their game. However, this model is not only limited to the game. Recorded, some companies such as HitBliss, Tapjoy, SessionM, and TrialPay have facilitated the use of virtual coins for the purposes of paid advertisements todownload movies or TV shows. Second, peer-to-peer (P-to-P) currency. This type ofvirtual currency has a characteristic can be transacted without the need for the central bank. Third, mobile payments. This type of virtual currency appearing along rapid development of smartphone technology. Its main characteristic is the use of token if consumers and traders make transactions.
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