24 Feb '14, 8am

Bitcoin Seen by Payment Networks as Little Threat to Dominance - Bloomberg

Bitcoin Seen by Payment Networks as Little Threat to Dominance - Bloomberg

Investors in the digital currency are looking to capture some of the four firms’ combined $61.3 billion in annual revenue and loosen their decades-long grip on handling electronic payments. While Bitcoin can buy a widening array of goods and services, regulatory scrutiny and technical glitches have raised questions about whether it will continue to catch on. That’s why executives at the biggest payment firms -- watching Bitcoin developments closely -- show little worry, saying their technology is safer, more reliable and easier for consumers.

Full article: http://www.bloomberg.com/news/2014-02-24/bitcoin-seen-by-...

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