Seminole County is the first US government agency to accept cryptocurrency as payment for county services. And according to a study, Tampa and Miami are ranked in the top 10 bitcoin-friendly cities in the world. With cryptocurrency usage growing,  Florida’s Chief Financial Officer plans to regulate the industry.


By now you’ve probably heard of Bitcoin. It’s a global cryptocurrency and digital payment system. It’s considered the world’s first decentralized digital currency, because the system works without a central repository or single administrator. It operates as a peer-to-peer system, with transactions happening directly between users, with all transactions being recorded in a public distributed ledger called a blockchain. And, while it's not entirely clear who exactly invented it, hundreds of thousands of merchants and vendors around the world accept bitcoin as payment. So what on earth does all of that mean? We’re joined by a man who’s been investing in Bitcoin for about 4 years to try to demystify this cutting edge, yet difficult to understand digital currency.