Can Bitcoin be the Future in the way we Purchase Products

Bitcoin has more potential to revolutionize commerce than near-field communication (NFC) technology does according to PayPal president David Marcus said at the LeWeb conference in Paris today. Marcus mentioned he is a big fan of bitcoin and has a personal stash of the digital currency, but said the majority of people don’t currently understand what bitcoins actually are “People are confused. They think because it’s called cryptocurrency it’s a currency. I don’t think it is a currency. It’s a store of value, a distributed ledger,” he said. Marcus is paying close attention to payment changes as part of his effort to re-energize an eBay service that grew sluggish and complacent after the early dot-com years. He's trying to foster innovation at the company and cater to developers, particularly those at start-ups.

Will The United States Let Bitcoin Slip Through Our Grasp

Can Regulating Bitcoin solve the issues with the new ditigal currency or will it just be flawed and not be taken serious. Time Will Tell The Story. The United States Has The opportunity to be in the forefront of a new technology that can change the monetary system as we know it. If the United States does not foster a reasonable regulatory environment for Bitcoin, the country might soon lose its head start in what could be the next great technological revolution. That's the message policymakers should be hearings on the virtual currency. Sources Say While Bitcoin is an international phenomenon, the United States has been central to its growth to date. Bitcoin's lead developer, Gavin Andresen, is an American based in the United States, as is the Bitcoin Foundation that employs him. The most innovative startups building out Bitcoin's infrastructure are also US-based. These include the merchant services provider Bitpay in Atlanta, backed by PayPal founder and early Facebook investor Peter Thiel, and the consumer-friendly wallet service Coinbase in Silicon Valley, backed by early Twitter funders Union Square Ventures. But Bitcoin's center of gravity is beginning to shift. Earlier this year, China became the first country to overtake the United States in downloads of the Bitcoin client software, and since China's dominant search engine, Baidu, began accepting Bitcoins for services, demand has skyrocketed. BTC China, the main exchange there, recently became the largest in the world, accounting for 35% of all Bitcoin trades.

Bitcoin News! Its Coming Are You In.

Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency. BTC China has become the world’s biggest digital currency exchange having handled a greater volume of bitcoins in the past week than Mt. Gox and Bitstamp. Bobby Lee, CEO of BTC China, said: “It’s an honor to see that BTC China has been propelled ahead to number one in the worldwide rankings. The real credit goes to the people in China, for having recognized the importance and value of bitcoin.” He is not sure whether BTC China will be able to maintain its position at the top, asserting that “nothing is permanent”. Lee highlighted that, months ago, he predicted October would be a big month for bitcoin in China. “The people here are really getting it, and it is being spread by both the general media and by word of mouth,” he said. Can this be the time to start doing your research on this new digital currency to be informed about what could possibly be the next generation of currency used around the world to pay your bills, and to buy your next needed item online or at store where you shop. It could happen sooner then you think.