30 Jun '14, 7pm

@deloitte

@deloitte

A new report by Deloitte University Press says bitcoin has great potential to disrupt payments and other industries, but that the media may be “distracting” governments and businesses from the technology’s advantages. The report , titled ‘Bitcoin: Fact. Fiction. Future.’ and authored by Tiffany Wan and Max Hoblitzell, points out that the media tends to focus on bitcoin’s volatility , government crackdowns and exchange meltdowns instead of “its potential long-term significance as a disruptive new money technology”. In addition, Deloitte UP sees potential for bitcoin in fields that are often overlooked even by proponents of the digital currency: “Bitcoin is more than just a new way to make purchases. It is a protocol for exchanging value over the Internet without an intermediary. Much has been written about the payment applications of bitcoin, including remittances, micropay...

Full article: http://www.coindesk.com/deloitte-media-distracting-bitcoi...

Tweets

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#Bitcoin

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@jonmatonis

@jonmatonis

coindesk.com 01 Jul '14, 5pm

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