BitCoin: Alternative world currency becoming popular

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The buzz on the street about an alternative money called BitCoin. It’s an alternative currency that flies under no single government flag. It is a new system of alternative money generated and used by the private sector.

This idea is not completely “out there.”  Crazy as it sounds, in Africa now, people use cell phone minutes as currency. People barter goods and services in exchange for phone and text minutes, rather than using the volatile government monies.

Gold has been very popular in recent years, due to rising fears of global finacial collapse. And this is understandable. But is there real reason to lose faith in government/first-world currencies? Clark thinks no. He is not ready to throw in the towel on traditional government money.

Clark Howard About the author: Clark Howard
Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust.
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