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What is Bitcoin?
​​Bitcoin - Digital Currency



Bitcoin is a new kind of money. It's the first decentralized electronic currency not controlled by a single organization or government. It's an open source project, and it is used by more than 100,000 people. All over the world people are trading hundreds of thousands of dollars worth of bitcoin every day with no middle man and no credit card companies. It's a startup currency which has never happened before.

Bitcoin is the first digital currency that is completely distributed.

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The American Red Cross is partnering with leading Bitcoin payment solutions provider BitPay to enable donations in the digital currency. The humanitarian organization said it will be participating in “Bitcoin Black Friday.”

Through a hosted webpage, Atlanta-based BitPay announces support to the humanitarian organization to allow the charity to receive donations in bitcoins. According to a company announcement, the startup will be processing Bitcoin donations without any fees, which will allow the American Red Cross to receive 100% of funds received through BitPay’s dedicated webpage.

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The American Red Cross is partnering with leading Bitcoin payment solutions provider BitPay to enable donations in the digital currency. The humanitarian organization said it will be participating in “Bitcoin Black Friday.”

Through a hosted webpage, Atlanta-based BitPay announces support to the humanitarian organization to allow the charity to receive donations in bitcoins. According to a company announcement, the startup will be processing Bitcoin donations without any fees, which will allow the American Red Cross to receive 100% of funds received through BitPay’s dedicated webpage.

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