5 Reasons Why I'd Still Use $5 Bitcoins (Op-Ed)

By Amanda B. Johnson

Admittedly, I will lose a lot of purchasing power if the price of a bitcoin falls to US$5. Hell, I've already lost money in Bitcoin – I didn't really get interested in it until the fall of 2013. Yeah, I repeat: that fall of 2013, the famous run up to the US $1,000 bitcoin.

But even though I've lost money buying bitcoins, I feel like I've gained wealth.

How is that possible?

Well, I measure my wealth – primarily – by the quality of the hours in my day. And the simple fact is that Bitcoin has made my life simpler. Smoother. More conducive with the kind of person I want to be.

So here are the top five reasons that, even if Bitcoin plummets to US $5, I'll still happily get paid in it, save it, and spend it.

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PLANES, TRAINS AND BITCOIN: UATP PARTNERSHIP MEANS AMTRAK AND 260 AIRLINES CAN NOW ACCEPT BITCOIN

By Gerrard Hartley

Through a critical partnership between UATP and Bitnet, 260 airlines along with Amtrak railways can incorporate bitcoin payments on their platforms.

In a press release, UATP president and CEO Ralph Kaiser expressed excitement for the ground-breaking travel partnership, showing immense support for Bitnet.

“We are very happy to be partnering with Bitnet to add bitcoin to our payment platform. We are always looking for skilled partners to bring additional forms of payment to the UATP processing platform and Bitnet fits the bill well.”

UATP, also known as Universal Air Travel Plan, decided that bitcoin integration was an important venture, so they teamed up with Bitnet and announced the implications today. UATP is a payment processor that’s privately-owned by airlines themselves.

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