14 Dec '12, 6pm

Digital Currency Outfit Bitcoin-Central Makes Milestone Towards Becoming Like a Bank: Contrary to reporting this...

Digital Currency Outfit Bitcoin-Central Makes Milestone Towards Becoming Like a Bank: Contrary to reporting this...

Contrary to reporting this week (BBC) , Bitcoin-Central did not gain the ability to act like an actual bank—but what they’ve gained is no less fundamental a milestone for a Bitcoin outfit. By partnering with Aqoba, which is a payment services provider capable of dealing with insured accounts, Bitcoin-Central has gained the ability to offer Euro-based accounts to people who want to trade in Bitcoin exchange and helps protect their funds in the case of a collapse. Essentially: Paymium, the company behind Bitcoin-Central has partnered with Aqoba , which is a registered PSP–this enabling Bitcoin-Central to hold money in payment accounts (which differ from bank accounts.) Although, it should be noted that this also means that Bitcoin-Central can associate accounts with debit-cards. As an exchange, Bitcoin-Central has a lot of reasons to want to allow people to store currency in...

Full article: http://siliconangle.com/blog/2012/12/14/digital-currency-...

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