16 Oct '13, 12pm

Bitcoin: the solution to startups’ international banking issues?

Bitcoin: the solution to startups’ international banking issues?

Banks and large corporations continue to view the concept of bitcoin as a problem . But for some businesses, virtual currencies can help to alleviate a thorny situation. This can be especially true for startups, which often have to operate by being creative and taking risks in order to survive. When you’re just starting a business, it can be important to think differently. For the second-hand games and software exchange site Half Price Digital , an interesting legal decision led its founder to register his business in the United Kingdom. By utilizing bitcoin on the site, users can quickly buy and sell digital goods. Plus, the digital currency has allowed this company to operate despite difficult-to-navigate international banking laws. UsedSoft v Oracle A decision in the European Court of Justice (ECJ)’s UsedSoft v Oracle case last year prompted Half Price Digital’s domain ...

Full article: http://www.coindesk.com/bitcoin-solution-startups-interna...

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