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11 Dec '12, 11am

French bitcoin exchange accepting regulation to make transacting in the digital currency easier. @jonmatonis

Bitcoin-Central, a French digital currency exchange that handles the largely unregulated Bitcoin currency, now operates under French regulation after parent-company Paymium partnered with payment services provider Aqoba. Bitcoin was created as a digital alternative to cash. It has many of the same properties as cash, such as the ability to enable anonymous transactions without a system for chargebacks, but because Bitcoin is not a government-issued currency it has struggled to find mainstream acceptance. The arrangement between Paymium and Aqoba "moves Bitcoin more mainstream and gives it more legitimacy," says Gareth Lodge, senior analyst of banking with Celent. "It creates an opportunity to more easily use the bitcoins in the real world." Paymium, a software company focusing on payments and security, claims it operates the first Bitcoin exchange conforming to European re...

Full article: http://www.paymentssource.com/news/french-companys-move-g...

Tweets

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