Bitcoin can be used to buy Xbox games, book hotels on expedia. Bitcoins can be exchanged for services, products and other currencies. You can read about the Bitcoin: Notes for UPSC Exam in the given link.

Further readings:

  1. Cryptocurrency: Definition, Advantages & Disadvantages
  2. India Report on Digital Education 2020 [UPSC Notes]
Related Links
Cashless Economy in India – UPSC GS-III Notes Draft National Strategy on Blockchain 2021| Blockchain Technology
Digital India – High-Speed Internet Networks to Rural Areas [UPSC Notes GS-III] PRAGYATA: Guidelines on Digital Education released by HRD Ministry
Defence Industrial Corridors (DICs) – Uttar Pradesh, Tamil Nadu G20 Talks on Economic Crisis: RSTV- Big Picture

 

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