Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, but many people still don't understand why they should make the effort to use it.
Below are some good reasons why it's worth taking the time to get involved in this virtual currency.
Payment freedom. It is possible to send and receive bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.
Choose your own fees. There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin. Average fees never exceed 1 USD.
Fewer risks for merchants. Bitcoin transactions are secure, irreversible, and do not contain customers' sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance.
Security and control. Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods.
Transparent and neutral. All information concerning the Bitcoin money supply itself is readily available on the blockchain for anybody to verify and use in real-time.
Low inflation risk. Inflation decreases the value of money and increases prices for services and goods. Central banks intervene in many ways to influence and control inflation, but in the long-run currencies lose purchasing power. Central banks cannot influence the cryptocurrency. Supply and demand is the only regulating mechanism defining its value. Besides, only about 21 million Bitcoins will ever be released (mined). The release of new Bitcoins is slowing down and it will stop completely within a few decades. This limitation is another reason why electronic cash is inflationary and sometimes is referred to as "digital gold".