Why Lansing is investing in bitcoin

Bitcoin, created in 2009, is a decentralized digital currency. It isn’t regulated by governments and doesn’t require banks. People buy and sell it like stocks at online exchanges such as Coinbase.com or at bitcoin ATMs. As of Wednesday afternoon, one bitcoin was worth roughly $2,700.

Bitcoin’s presence in Greater Lansing is growing. There are three bitcoin ATMs in the area. Zarka owns two. He just added a second one two weeks ago at his pawn shop at 5508 S. Cedar St. Another one is located in Grand Ledge. Zarka wants to install another in East Lansing.

Major companies accept it for payment, too, among them Microsoft, Dell, Overstock.com and Expedia. You can use bitcoin at marijuana delivery service in Lansing called Happy Buddha Delivery Man and at the businesses in the Grand Ledge Fledge.

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