Introduction:

The future of storing value conveniently and seamlessly is here. The cash turned into electronic form of storage.

Commodities:

A commodity is a good or service that can be traded for other forms of goods and services. Most commodities are raw materials such as mining products, agricultural products, sugar, iron ore, wheat, rice, chemicals, computer chips, gold, silver and digital cash such as Bitcoin.

Bitcoin as a commodity:

Bitcoin is a digital currency that can be exchanged on the Forex Market (Foreign Exchange Market) and also for other forms of goods. Bitcoin is also referred to in the Forex exchange: refer to web link,

Forex Market Using Bitcoin (XBT)

Bitcoin as a form of value:

When a person buys Bitcoin; the person is buying a part of a secret code that no one has access. This is why “Bowpay” provides the code to the customer that buys the Bitcoin.

Bitcoin:

Just like gold, and silver: The Bitcoin is stored in the account on the prepaid card given. The coin is taken from circulation. If the prepaid card is ever lost or damaged, then the coin is gone, and not recoverable as the code has been lost. Thus Bitcoin is like carrying a physical cash. If the cash is damaged or lost; the cash would be hard to recover.  The symbol for Bitcoin is “XBT”, such as the symbol for the United States currency is “USD” and the Canadian dollar is “CAD”.