14 Jun '13, 1pm

The Bitcoin believers

The Bitcoin believers

In recent weeks, high-profile venture capital outfits, such as Thiel’s Founders Fund and Fred Wilson’s Union Square Ventures, have plunked down just-in-case bets on new Bitcoin payments businesses, reinforcing the headlines. Angel investors and business incubators are nurturing new Bitcoin ideas around the world. The financial establishment doesn’t know if the currency is friend or foe: money transfer businesses Western Union and MoneyGram are said to be looking at the feasibility of accepting Bitcoin, but there are suspicions that banks are using concerns about money laundering as an excuse to shut down the accounts of businesses that could become rivals.

Full article: http://www.ft.com/cms/s/2/910858fa-d3bf-11e2-95d4-00144fe...

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