#bitcoin

Bitcoin Is as Legit as Paypal Now, in at Least One Country - Technology - The Atlantic Wire

#bitcoin

Bitcoin, the occasionally frightening virtual currency that doesn't believe in government regulation, just got itself some. One of its exchanges, Bitcoin-Central, has received approval from France's government to operate as a payment service provider there, PayPal-style. With that relationship comes some insurance protection that should help get people trusting Bitcoin again. Before now, when things like $250,000 heists went down, these exchanges didn't have any government back-up to pay back users' stolen funds. As a PSP, the money stored with Bitcoin-Central will get backed by the same European compensation laws as money held in normal banks. That should make signing up a little less terrifying of an experience for people who don't want to watch their money be subject to hackings and fraud, a common but hard-to-track occurrence in the Bitcoin world. Often, these heists a...

Full article: http://www.theatlanticwire.com/technology/2012/12/bitcoin...

Tweets

@sez_me_man » 09 Dec '12, 9am
via @jonmatonis Bitcoin legit as Paypal "convertible, independent unit of account, floating exchange rate, payments [link]
» 08 Dec '12, 11pm
RT @fuckiluvbitcoin: #bitcoin [link]
@fuckiluvbitcoin » 08 Dec '12, 8pm
#bitcoin [link]
@azizonomics » 08 Dec '12, 10am
RT @jonmatonis: The Atlantic: #Bitcoin Is as Legit as Paypal Now, in at Least One Country by @rzgreenfield [link] (my comments follow)
@jonmatonis » 08 Dec '12, 10am
The Atlantic: #Bitcoin Is as Legit as Paypal Now, in at Least One Country by @rzgreenfield [link] (my comments follow)
@NOH8ER » 07 Dec '12, 10pm
RT @BitCoinReporter: Bitcoin Is as Legit as Paypal Now, in at Least One Country [link] #bitcoin
@virtual_economy » 07 Dec '12, 10pm
Bitcoin Is as Legit as Paypal Now, in at Least One Country - Technology - The Atlantic Wire [link] #virtual_economy
@peterjetton » 07 Dec '12, 7pm
Bitcoin Is as Legit as Paypal Now, in at Least One Country - The occasionally frightening virtual currency, which do... [link]
@BTCFoundation » 07 Dec '12, 7pm
Bitcoin being regulated like PayPal in France? [link] #bitcoin
@flix1 » 07 Dec '12, 6pm
RT @BitcoinForumCom: Bitcoin Is as Legit as Paypal Now, in at Least One Country - Technology - The Atlantic Wire [link]
@BitcoinForumCom » 07 Dec '12, 6pm
Bitcoin Is as Legit as Paypal Now, in at Least One Country - Technology - The Atlantic Wire [link]
@RobertTaylors » 07 Dec '12, 6pm
Bitcoin Is as Legit as Paypal Now, in at Least One Country: Bitcoin, the occasionally frightening virtual curre... [link]
@essjard » 07 Dec '12, 8pm
Bitcoin Is as Legit as Paypal Now, in at Least One Country [link]
@4iHD » 07 Dec '12, 7pm
Bitcoin Is as Legit as Paypal Now, in at Least One Country [link]
@RatsMovement » 07 Dec '12, 6pm
Bitcoin Is as Legit as Paypal Now, in at Least One Country: Bitcoin, the occasionally frightening virtual curre... [link]