07 Jan '13, 9am

Bitcoin gains banking access, electronic currency inches closer to mainstream credibility

“Bitcoin has massive advantages over conventional payments,” says Amir Taaki, a Bitcoin developer who also operates a Bitcoin consultancy and exchanges. “As Bitcoin becomes more usable due to better infrastructure and stability, we can begin to lean on these strengths. Things like the lack of friendly fraud because there is no chargeback mechanism. Bitcoin will always hold value because there are certain businesses for which only Bitcoin (or a system like it) can work through Bitcoin. Things like donating to WikiLeaks due to the fact payments cannot be stopped.”

Full article: http://www.itweb.co.za/index.php?option=com_content&view=...

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