Businessweek - Dollar-Less Iranians Discover Virtual Currency: Businessweek - Dollar-Less Iranians ... #BitcoinNews

Businessweek - Dollar-Less Iranians Discover Virtual Currency

Businessweek - Dollar-Less Iranians Discover Virtual Currency: Businessweek - Dollar-Less Iranians ... #BitcoinNews

Businessweek - Dollar-Less Iranians Discover Virtual Currency Businessweek writer Max Raskin shares how there are a number of ways that Bitcoin is a value transfer system unlike any other. Excerpts: “There’s one currency in Iran that has kept its value and can be used to purchase goods from abroad: bitcoins, the online-only currency.” - “’I believe that bitcoin is, or will be in the future, a very effective tool for individuals who want to avoid sanctions, currency restrictions, and high inflation in countries such as Iran,’ [Jeremias Kangas of LocalBitcoins.com] wrote in an e-mail.” - “Regulators can’t easily track the transactions, since bitcoins aren’t issued from a central server.” - “At online store coinDL.com, shoppers can use bitcoins to buy Beyond Matter, the latest album from Iranian artist Mohammad Rafigh. Anyone in the U.S. downloading songs, which fetch .039 bi...

Full article: http://www.bitcoinnews.com/post/36870135676/businessweek-...

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