“America’s three biggest banks — JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) — earned more than $6.4 billion last year from ATM and overdraft fees, according to an analysis by CNNMoney that was verified by S&P Global Market Intelligence.
– by Heather Long @byHeatherLong CNNMoney – February 22, 2017: 11:27 AM ET
So … what is bitcoin?
For now, we can think of Bitcoin as money recorded on a secure and encrypted ledger.
This ledger (called “blockchain”) is decentralized, meaning it is not controlled by the central banks or any other organizations. Therefore, Bitcoin is decentralized money.