17 Sep '13, 2pm

Bitcoin gaining market-based legitimacy as XBT

Bitcoin gaining market-based legitimacy as XBT

Punctual trams run quietly along the street out front. It looks like any other office building in Zü rich. But inside the nondescript building of SIX Interbank Clearing , a small unit of professionals maintains the list of the world’s currency codes. Last week in that very same building, I had the honor of presenting the bitcoin cryptocurrency to a gathered audience of various bank officials at an e-commerce conference. And I mentioned that the individual, or committee, that endorses and finalizes XBT as the ISO currency code for bitcoin will earn their spot in history next to Satoshi Nakamoto . Of course, a new code for a brand new asset class is not comparable to an achievement in financial cryptography and distributed consensus, but it is significant nonetheless because of its impact on the evolution of math-based currencies. The ISO 4217 standard for currency codes is ...

Full article: http://www.coindesk.com/bitcoin-gaining-market-based-legi...

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