22 Apr '13, 11am

Brave Businesses Buy Into Bitcoins: Is It A Bubble?: Bitcoin is known as an underground digital

Brave Businesses Buy Into Bitcoins: Is It A Bubble?: Bitcoin is known as an underground digital

Bitcoin is known as an underground digital currency with neither government regulation nor a central bank. It relies on peer-to-peer transactions and complex cryptography to bypass traditional payment models. (See also Bitcoins... What Are Those Again? [Video] ) Once thought of as no more than a fringe Web fascination, the currency has rocketed into to the mainstream conciousness. A catastrophic valuation dropoff last week made headlines around the world, often highlighting topics like the Winkelvoss twin's huge bitcoin stash and the iReddit user who invested his entire life savings in Bitcoins - and cashed out at an enormous profit. Despite the turmoil, or perhaps because of it, some real businesses have begun accepting Bitcoins. Last Tuesday, for example, online-dating site OkCupid announced it would take Bitcoins as payment for its "A-list subscription features." Some o...

Full article: http://readwrite.com/2013/04/22/brave-businesses-buy-into...

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