Everyone’s heard about them but very few people know how to purchase them, what you can buy with them or how to make the most of them.

Cryptocurrencies – most notably Bitcoin – have gained notoriety over the past few years for both positive and negative reasons. They’re ultra seamless transaction process combined with the security that they promise to offer has caused many ears in the financial sector, and elsewhere, to prick up.

At the moment they aren’t easy to use but with more and more shops and companies accepting payment with Bitcoin, the possibility of a digital currency becoming more mainstream is not so difficult to imagine.

We’ve teamed up with communications agency, Hanover, to create this infographic which gives you a fuller picture of what they are and what’s happening with them. Watch this space, we certainly will be.

For more analysis, have a read of the article on the infographic posted on The Money Pages.