The Internet of Things is basically the everyday normal gadgets, things as well as aspects in our daily lives that provides connectivity to the internet. With the integration of the Bitcoin itself, the possibility becomes limitless. We all know that the Bitcoin is an online currency that the value appreciation is on the basis of faith. Central Banks in China as other Asian countries have rejected the possibility of exchanging bit coin with the dollar itself. Now what if we could use Bitcoin as our daily lifestyle.
Imagine this, instead of paying your internet connections through service providers for $20 a month, using a certain hotspot while paying it through bit coin will be far more effective. The micro payments that includes even to the cents payments has allowed Bitcoin to differentiate itself from traditional payment system. Try this, the IoT allows a person to be able to predict even days, weeks or even months before he/she has illness. The device allows the person to be monitored 24/7 for health screening without going through the doctor, payment for this would be through the use of Bitcoins whereby advertisers may also target these sick people for medicines. These medicines are then purchased through Bitcoins, AGAIN! Now imagine the endless possibilities of this.