26 Sep '12, 3pm

A Recap of Mega-Corporate and #Government Attention on #Bitcoin This Past Year

A Recap of Mega-Corporate and #Government Attention on #Bitcoin This Past Year

There are good reasons to be concerned about this kind of institutional attention; even if it has little effect on Bitcoin directly, there is reason to believe that many businesses are holding out on accepting Bitcoin because they are waiting for official acceptance. BitPay’s Tony Gallippi writes about the experiences of Bitcoin users in Finland: “As a result of the secretary of the Central Bank of Finland publicizing that bitcoin is legal to use in Finland, many businesses have seized the opportunity to accept bitcoin. Some of the rather unique merchants in Finland include a dentist office, a veggie burger restaurant chain, and a funeral service.” There are likely many potential Bitcoin-using businesses in the US and elsewhere that are holding out for just such a ruling; in the case of Google, Sergey Brin all but admitted that that was the case. Since 2011, however, there...

Full article: http://bitcoinmagazine.net/a-recap-of-mega-corporate-and-...

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