30 Sep 2022 By PAYCEC
Yes, but also No. To be exact, Bitcoin is the first decentralized cryptocurrency powered by blockchain technology.
Cryptocurrencies didn't exist with the genesis of Bitcoin but were created before it. In the 1980s, David Chaum founded DigiCash, which went on to create eCash.
From that time on, several other attempts eventually resulted in the development of Bitcoin. But it took more than 20 years to mature into the popular cryptocurrency it is today.
Fun fact: The first cryptocurrency-paid purchase was an order of two pizzas in 2010. It cost the user 10,000 BTC, approximately $222 million in 2022's price.
If you need further assistance or answer, please don't hesitate to contact us.
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.