As the European banking and currency crisis unfolds, Bitcoin and the other emerging digital currencies have become a refuge for people fleeing from the euro and striving to protect their assets and savings from confiscation.

Many analysts believe that Bitcoin, which facilitates unmediated fund transfers between individuals, poses a potential threat to conventional banking. Bitcoin and other Crypto coins are certainly exposing the weakness of the US dollar as the world’s incumbent reserve currency, as well as all other similarly stricken paper currencies.

“Faster and easier than One-Click Buying on Amazon.com”, but actually for unlimited amounts of money.

Watch the following explanatory video for details about how — and why — Crypto currencies function: