Since the beginning of the internet, people have attempted to transfer value over the network in a secure, safe and easy way.
Several early attempts to make this happen were almost successful, except for a key missing option: the avoidance of the double spend problem. In the real world, you cannot spend a single bill more than once. E.g. photocopying a bill will not work.
In 2010, a person or a group by the name of Satoshi Nakamoto published a paper detailing a peer to peer electronic cash system that also solves the double spend problem.
You can think of bitcoin as the easiest way to exchange value at a very low cost. You can find more information here.
At Rain, it is our responsibility to educate our customers on what is happening in the cryptocurrency industry. If you have any questions, please get in touch with us here.
To learn more about cryptocurrencies, click here.
Rain is a cryptocurrency platform in the Middle East, headquartered in the Kingdom of Bahrain. We are licensed and regulated by the Central Bank of Bahrain (CBB). Rain enables you to buy, sell, and store bitcoin and other cryptocurrencies, in a regulated, secure, and compliant way.