15 Apr '13, 3pm

Bitcoin And The Future Of Money

Opponents of Bitcoin claim that this virtual currency allows for exchanges made in the dark corners of the Internet where anonymous buyers can purchase any number of illicit items from anonymous sellers. While there might have been issues with illegal activities in the early days of Bitcoin, the market has changed dramatically in the past several months. For example Bitpay, a company that enables legitimate merchants to accept bitcoin as a form of payment now serves more than 10,000 merchants (an increase of 10x in the past 6 months) and is processing more in transaction volume than the infamous Silk Road marketplace. In addition, at least three of the leading U.S. bitcoin startups have demonstrated their commitment to preventing illicit activity by registering with the financial crimes enforcement network agency of the federal government and strictly adhering to the same ...

Full article: http://www.forbes.com/sites/groupthink/2013/04/15/bitcoin...

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