“Since Sunday, a trio of Bitcoin apps have soared upSpain’s download charts, coinciding with news that cash-strapped Cyprus was planning to raid domestic savings accounts to pay off a $13 billion bailout tab. Fearing contagion on the other end of the Mediterranean, some Spaniards are apparently looking for cover in an experimental digital currency. That Spaniards would consider converting a portion of their dwindling savings into a peer-to-peer currency vulnerable to wild price fluctuations and the odd thieving Trojan speaks volumes about banking confidence in some parts of Europe.”
http://www.businessweek.com/articles/2013-03-20/jittery-spaniards-seek-safe-haven-in-bitcoins
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Barack Obama is pushing gun control at home, but he’s a killer abroad
New Zealand military told to soften manual that equates media with extremist groups
Florida woman arrested for riding an endangered manatee
Edward Snowden’s journey from high school drop-out to focus of international intrigue
Forbes: 1.6 Billion Rounds Of Ammo For Homeland Security? It's Time For A National Conversation
African Bank rescue rekindles bailout fears
The Most Expensive Mile of Subway Track on Earth
Where the votes stand on Syria
On 'Intellectual Property' and Pot
Kindergartener Suspended Over Mohawk Hairstyle
Border Patrol defends raid of Greyhound bus, deportation of grandmother
Black Market Dollar Exchange Sparks Argentina Luxury Sales Crackdown
NY state trooper hit with 3rd rape charge
Indiscriminate surveillance fosters distrust, conformity and mediocrity: research
Mining for digital gold in Thailand