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A Look at Virtual Currency

(AP Photo/Rick Bowmer)

A Primer on Virtual Currencies

The virtual currency bitcoin, created in 2009 by the anonymous hacker “Satoshi Nakamoto,” has been making lots of headlines lately. The value of a single bitcoin, created through a complicated computer software process, has shot up to $844 from less than $15 at the beginning of the year. But bitcoin is hardly the only non-traditional means of exchanging value. There are competing digital cash wads and even some ordinary household items that can be used as money.

Reporting by Aaron Pressman, Technology Reporter for Yahoo Finance.
Follow @ampressman.