Bitcoin as a serious business currency: good, bad, or who cares? (Media Coverage)

June 20, 2013

Bitcoin (BTC) is a virtual currency that was initially created for peer-to-peer eCommerce, to replace the costly and frequent currency conversions required to transact across borders. It has been in existence (or, you could say, ‘circulation’) since 2009, but has seen a major uptick in interest in the past few months. It is highly polarizing topic, and viewpoints from both ends of the spectrum abound. In fact in just one day in May 2013, Bloomberg carried a byline from a prominent venture capitalist stating that he’s investing in bitcoin, while the UK’s The Guardian breathlessly reported that “Bitcoin will continue to function beyond the reach of government and law.”

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