Is Bitcoin the bank of your future?: Analysis: The digital disruption of banking.

Is Bitcoin the bank of your future? - Strategy - Business - News - iTnews.com.au

itnews.com.au 11 Dec '12, 8pm

Is Bitcoin the bank of your future?: Analysis: The digital disruption of banking.

Analysis: The digital disruption of banking. Millions of people won’t require a bank account in the near future, according to finance entrepreneur Brett King, as technology solutions continue to disrupt the role of funds distribution traditionally controlled by banks. King’s comments come after the company that operates an exchange enabling the trading of digital currency Bitcoin was licensed as a payments services provider through a partnership with two French financial institutions. Bitcoin is a decentralised digital currency that instead of relying on a central authority like the Reserve Bank to issue new money, relies on individuals “mining” their own coins and trading them via peer-to-peer networks. “It doesn’t matter whether it’s Bitcoin or someone else, someone will break the back of this,” King said. “With the digital world you can’t hold currencies to a single geo...

Full article: http://www.itnews.com.au/News/325979,is-bitcoin-the-bank-...

Tweets

@Matt_H_79 » 22 Dec '12, 6pm
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@BitcoinOz » 22 Dec '12, 12am
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@HostelVegan » 15 Dec '12, 6am
Is Bitcoin the bank of your future?: Bitcoin is a decentralised digital currency that instead of relying on a ce... [link]
@cmikaren » 12 Dec '12, 10pm
Is Bitcoin the bank of your future? [link] -via Brett King
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@myriamdacosta » 12 Dec '12, 12am
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@BitcoinByte » 11 Dec '12, 11pm
RT @dgwbirch: RT @brettking: Is Bitcoin the bank of your future? [link] via @itnews_au (hint: no).
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@dgwbirch » 11 Dec '12, 9pm
RT @brettking: Is Bitcoin the bank of your future? [link] via @itnews_au (hint: no).
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@brettking » 11 Dec '12, 9pm
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@BitCoinReporter » 11 Dec '12, 9pm
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@suljanich » 11 Dec '12, 8pm
RT @iTnews_au: Is Bitcoin the bank of your future?: Analysis: The digital disruption of banking. [link]
@scottdgunther » 11 Dec '12, 8pm
Is Bitcoin & #Movenbank the bank of your future?: Analysis: The digital disruption of banking. [link] @iTnews_au @brettking
@iTnews_au » 11 Dec '12, 8pm
Is Bitcoin the bank of your future?: Analysis: The digital disruption of banking. [link]
@myOznet » 11 Dec '12, 8pm
Is Bitcoin the bank of your future? [link]
@GainTConsulting » 11 Dec '12, 8pm
Is Bitcoin the bank of your future?: Analysis: The digital disruption of banking. [link]
@hadopiland » 11 Dec '12, 8pm
Is Bitcoin the bank of your future?: Analysis: The digital disruption of banking. [link]