05 Dec '13, 6am

Bitcoin Boom Spreads to IPhones With Mobile-Payment Apps

Bitcoin Boom Spreads to IPhones With Mobile-Payment Apps

George Frey/Bloomberg People are free to trade Bitcoin even as China refrains from recognizing it as a currency in the short term, PBOC’s Deputy Governor Yi Gang was cited by the 21st Century Business Herald as saying last month. Matt Tuzzolo, who used to split restaurant bills by sending money via PayPal, now wields his iPhone to pay his fellow diners -- in Bitcoins. “It’s more convenient than PayPal,” said Tuzzolo, a software developer in Portland, Oregon, who uses the Gliph mobile application to transfer digital money on the go. “It’s as easy as sending a text.” Gliph Inc., which has more than 25,000 users, has raised more than $350,000 from venture capitalists including Tim Draper , who has backed such companies as Skype and Tesla Motors Inc. It’s one of hundreds of Bitcoin-related programs available from Google Inc. and Apple Inc. app stores. The mini-boom in Bitcoin ...

Full article: http://www.bloomberg.com/news/2013-12-05/bitcoin-boom-spr...

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