You may have heard of bitcoin, which is a form of cryptocurrency. What is cryptocurrency? It is a form of peer to peer digital or virtual money (currency) that is hard to trace and can be used anonymously (crypto) because it does not have to go through the central banking system or a financial institution. You may have also heard about ways in which bitcoin or other cryptocurrency has been used. Did you know that some people have bought homes with cryptocurrency? Check out the article from the Tampa Bay Times below. What do you think?
Then, consider the following questions. What are some payment methods people might use to buy a house? Now conduct some online research about bitcoin and other cryptocurrencies. As a buyer, what are the costs and benefits of trying to use bitcoin to buy a house? As a seller, what are the costs and benefits of accepting bitcoin as a method of payment? SS.8.FL.2.3 Describe the variety of payment methods people can use in order to buy goods and services.
SS.8.FL.2.4 Examine choosing a payment method, by weighing the costs and benefits of the different payment options. SS.912.FL.2.5 Discuss ways people incur costs and realize benefits when searching for information related to their purchases of goods and services and describe how the amount of information people should gather depends on the benefits and costs of the information. ...... Comments are closed.
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January 2022
CategoriesAuthorDeborah Kozdras, Ph.D. |