A chicken farmer on Queensland's Sunshine Coast wants his customers to pay him using the online currency, Bitcoin. Bitcoin is a form of digital currency, which is created and held electronically.
Mark Burgunder, an organic chicken egg farmer at Conondale, is already using the virtual currency in his business.Mr Burgunder said he wants to create a local Bitcoin economy amongst Sunshine Coast farmers and consumers.
Bitcoin is an electronic currency that is not backed by a central bank, it is backed by a network of computers and mathematics.Bitcoins are stored on a Bitcoin wallet, which can be accessed via computer, phone or on a card similar to a credit card.
They can also be stored on debit cards, and can be used anywhere EFTPOS is available. Read
