14 Dec '12, 6pm

Bitcoin makes mainstream moves

The digital currency platform Bitcoin is making moves into the mainstream with some recent deals aimed at securing its legitimacy. The most recent – and probably most significant – deal involves Bitcoin-Central, a European Bitcoin exchange, becoming a registered payment services provider (PSP) under European law. PSP's are online payments systems such as PayPal and WebMoney, which allow people to pay for goods and services via websites. The deal was made in France between Bitcoin-Central, investment bank Aqoba and the Credit Mutuel bank. Bitcoin-Central now has an international bank ID number, meaning it can send and receive transfers between other banks and issue debit cards, according to The Guardian . The deal has the potential to bring Bitcoin into the mainstream, allowing its use for a much broader range of services. It also means users could be issued with debit card...

Full article: http://www.nbr.co.nz/article/bitcoin-makes-mainstream-mov...

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