09 Dec '12, 9pm

Bitcoin gets banking rights: Greater recognition of digital currency.

Bitcoin gets banking rights: Greater recognition of digital currency.

Greater recognition of digital currency. Paymium, the company that operates the Bitcoin-Central exchange, has been licensed as a payments services provider through a partnership with French financial institutions Aqoba and Credit Mutuel Arkéa. The deal means the Bitcoin-Central exchange can operate as a bank albeit without being able to to issue debt money, Paymium chief technical officer David Francois said in a post on the Bitcoin Talk forum. According to Francois, Bitcoin-Central users' accounts will now be covered by France's banking guarantee, and receive a standard International Bank Account Number. Debit cards can also be ordered by users, Francois said, and the accounts can be used to receive salaries and pensions that can be automatically converted to Bitcoins. Commenting on the deal, Bitcoin-Magazine 's technical editor Vitalik Buterin told the BBC that it is a s...

Full article: http://www.itnews.com.au/News/325720,bitcoin-gets-banking...

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