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Litecoin is currently valued around 5 and can be obtained via Coinbase and other exchanges.
Expedia, Overstock.com, New Egg, Shopify, Dish Network, and Roadway Moving accept bitcoin and more companies are embracing cryptocurrency every day.
If you're interested in purchasing bitcoin, sign up for an account on Coinbase and get $10 of FREE bitcoin!
Bitcoin was the first decentralized cryptocurrency and was created in 2009 to allow transactions without a bank.
Over the past few years, bitcoin was increasingly accepted as transactional currency and continues to grow.
Bitcoin can support very large transactions while litecoin, invented by a Google employee, is aimed at microtransactions.
It's a cheaper form of cryptocurrency than bitcoin and transactions process much more rapidly.
Bitcoin and Ether are both digital currencies but operate differently as the latter isn't well-suited for everyday consumer usage.
However, Ether can be traded on the digital currency market and may be something to consider for a potential investment and is also available via Coinbase.
As it stands, when you buy something or pay someone for a service, you might use a check, a credit card, or Pay Pal and that introduces a middleman that acts as a gatekeeper and charges a fee to facilitate your transaction.