25 Nov '14, 12pm

Peer-to-peer currencies: What’s driving bitcoin?

Peer-to-Peer Currencies: What’s Driving Bitcoin? Peer-to-peer currencies are nothing new, but their usage continues to evolve. The most widely talked about such currency is bitcoin. And while bitcoin may not have lived up to the early hype of replacing government-issued paper money, the digital currency continues to attract merchants, consumers, regulators, and investors. To help financial leaders stay on top of this quickly evolving ecosystem, Bloomberg is hosting a special “Bitcoin : Beyond the Currency” event in New York today. Here’s a brief overview of the trends and developments expected to drive the discussions among our expert panelists. Background In the third quarter, bitcoin fell nearly 40% to close at $386.27 on Sept. 30, wiping away more than $3 billion of the digital currency’s market value. Recently, it has recouped those losses and then some, trading around...

Full article: http://www.bloomberg.com/professional/kc-post/peer-peer-c...

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