VOCABULARY 1
A person or business that sells products directly to customers
Retailer
The type of money used in a country (for example, euros or dollars).
Currency
A place in a bank where you keep your money.
Bank account
The example of El Corte Inglés shows that Bitcoin
d. Will be used for hits original purpose
Understand
Get it
Money you keep and don’t spend, usually for the future.
savings
To give someone money temporarily and expect them to pay it back
lend
Money you pay for a service
fee
Bitcoin is not accepted by...
many/most retailers
Hidden problem
Catch
To have enough money to buy or pay for something.
Afford
To put money into something (like a business or stocks) hoping it will grow and make more money.
Invest
When you earn more money than you spent
Make a profit
How is bitcoin different from traditional currencies?
a. It has no actual notes or coins
Buy
purchase
The amount of money currently in your bank account.
Balance (money)
To have to pay money back to someone
Owe
To purchase something on behalf of someone else (for another person)
Buy
A Lot of Energy is needed for...Bitcoin
créate and maintain
Taking out
withdrawing
The person who has control or responsibility for something
in charge
When something increases very quickly, especially prices or costs
Skyrocket
Taking money from someone or a bank with the promise to pay it back later.
Borrowing
When you use Bitcoin to make a transaction, you pay...
b. less than at a bank
Rich
wealthy