Do you shop online?  Have you seen websites that allow you to pay with bitcoins?

Beware of the Bitcoin (virtual currency) risks!!

• Values go up and down based on demand.
• Payments made with virtual currencies aren’t reversible.
• You do not have the same legal protections as more traditional payment methods.

For more information, click here.

Teaching Suggestions

• Ask students if they have purchased products or services with bitcoins and what has been their experience.
• Ask students if they check out the seller’s reputation before a purchase with bitcoins.

Discussion Questions

1. Should the payment with bitcoins go directly to the seller or a payment processor?
2. Does a payment through a payment processor offer any protections?
3. If you receive damaged merchandise, will you get a refund in virtual currency, U.S. dollars, or store credit?
4. If you have a problem with bitcoin-related product or service, where should you file a complaint?