21 Sep '14, 10am

What Real-World Problems Can Bitcoin Actually Solve Right Now?

What Real-World Problems Can Bitcoin Actually Solve Right Now?

Though it is increasingly acknowledged by major business, investors and governments that bitcoin has the power to become a world-changing financial technology, fundamental issues are still holding back adoption. One of the most prominent, around the world, is the lack of consumer understanding of the subject. For all its development, it remains difficult to explain to the average person just how bitcoin technology can impact their lives – today. This begs the question: in its current form, is bitcoin, both the technology and the wider industry, evolved enough yet to solve real problems for the mass market? The answer, according to experts in the industry, is not yet, though scores of entrepreneurs and startups are working toward this goal, use case by use. Vinny Lingham, CEO of mobile gift card provider Gyft , for example, enables bitcoin to be spent on gift cards – a main...

Full article: http://www.coindesk.com/real-world-problems-bitcoin-actua...

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