The concept of digital monies that people send online is not that complicated in itself — after all, transferring money from one online bank account to another is doing exactly that. Cryptocurrencies, like bitcoin, are a form of payment that uses blockchain technology to send data in cyberspace Each bitcoin must be mined via computational means. It is finite – only 21 million bitcoins that can be mined in total Cryptocurrencies are “decentralised” meaning they are not regulated by a financial authority, like a government or central banks PROS: cryptocurrencies are global, meaning they have the same value in every country and so no exchange rates. CONS: Cryptocurrencies are extremely volatility and therefore a very risky investment. People have also reported having to wait to get their cash out because of technical snarl-ups. If you need more infos about cryptos, please talk to your Fair trade Trader.