Bitcoin uses innovative technology to create an entirely new form of payments architecture. Coins are held in digital “wallets,” secured using advanced. The bitcoin payment system is purely peer-to-peer, meaning that users are able to send and receive payments to or from anyone on the network around the world. Mobile payments made easy. Bitcoin when used on a mobile device allows you to pay with a simple two-step scan-and-pay. There's no need to sign up, swipe.