12 Sep '12, 5am

Interest in Bitcoin, Fledgling Electronic Currency, Grows - CIO #bitcoin

IDG News Service — Anthony Gallippi, CEO of BitPay, has started paying his gardener -- in BitCoins. His gardener carries a card with a QR code with the needed information for Gallippi to transfer BitCoins to his account once he's finished tending the lawn. The gardener has chosen to get 90 percent of the money in cash, delivered by bank transfer by BitPay the next day, and keep 10 percent in BitCoins. "Every time I pay him, he gets BitCoins in his wallet right away, and next day he gets a direct deposit in his bank account," Gallippi said. BitPay, a Florida-based company, is seeing rising interest in BitCoin, the fledgling digital currency that is a small, yet interesting wild card challenger to traditional payment systems. BitPay is one of a handful of companies trying to make it easier for merchants to accept BitCoins and people to use them. BitCoins are essentially encr...

Full article: http://www.cio.com/article/715978/Interest_in_Bitcoin_Fle...

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