Since 209 when the first digital currency was created, many others have been introduces into the market. This growth has seen some countries allow the use of digital currencies as part of the national currency in order to capitalize on the profits associated with the wide use in terms of tax collection. In 2011, another currency Namecoin was created followed by Litecoin a few months later in the same year. Others like Peercoin and Robocoin have also come into the market since then.
A bit coin ATM was launched in 2014 and uses personal identities from the government to confirm the legitimacy of the person transacting. Other countries like Australia also legalized the use of digital currencies in their banks to give people more freedom of use. With other digital coins coming into the market, the future of these currencies look bright as users look forward to more organizations adopting them.