22 Aug '13, 6pm

ICYMI: Talk of Ticker Symbols Shows How Far Bitcoin Has Come, by @jonmatonis on @BankThink #XBT

ICYMI: Talk of Ticker Symbols Shows How Far Bitcoin Has Come, by @jonmatonis on @BankThink #XBT

Although not necessary for market adoption, as the Bloomberg testing demonstrates, recognition of a bitcoin code by a market-based standards organization such as ISO would set the stage for increasing market depth and liquidity of bitcoin trading. That in turn would tend to reduce volatility and lead to some basic risk management and hedging strategies for merchants that accept bitcoin and maintain some balances in bitcoin (rather than immediately converting to a national fiat currency). Additionally, the enhanced trading liquidity provides more reliable outlets for exchanging bitcoin thereby facilitating overall consumer and merchant adoption.

Full article: http://www.americanbanker.com/bankthink/talk-of-ticker-sy...

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