01 Aug '13, 12pm

@shak

@shak

Bitcoin has an opportunity to make financial transactions truly frictionless, said CoinDesk founder Shakil Khan this week – but companies need solid business plans to make it happen. There is room for people to introduce efficiencies into the finance sector, said Khan, speaking at the Inside Bitcoins conference on Tuesday. “Why is it in 2013 I can send you an email, a voicemail, or text message, but if someone says ‘you owe me $10 for my pizza last week’ and I try to send it, the bank wants to charge me $27?” he asked. “You might get it next week but it isn’t guaranteed. We have a banking system that’s slower than it’s ever been.” Bitcoin has the potential to be “an IP address for money,” he said, but bitcoin services must become more intuitive if mainstream adoption is to occur. “Try to buy $10 in bitcoins. It’s easier to get on a plane and fly to Mt. Gox,” he joked, addi...

Full article: http://www.coindesk.com/shakil-khan-bitcoin-can-be-money-...

Tweets

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Khan Academy now accepts Bitcoin via Coinbase

Khan Academy now accepts Bitcoin via Coinbase

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a must

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Get your next catering FREE @ FoodLine.sg

Get your next catering FREE @ FoodLine.sg

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