“The conference attracted big companies like Google, Visa, and PayPal along with smaller upstarts, which created a dynamic of gentle rivalry. Among the larger companies, Google, PayPal, and Square are launching their own mobile wallets. Some startups are taking a similar approach.  Another attendee, Gabriel Sukenik, wore a pin on his lapel displaying the symbol for bitcoin, the algorithm-based ‘digital currency’ that is unregulated, untaxed, and traded online. Bitcoin’s supporters say a major advantage is that, because it doesn’t have to pass through currency exchangers who each take a cut of the sum, it’s cheaper to transfer money around the globe.”

http://www.newyorker.com/online/blogs/currency/2013/10/bitcoin-currency-startups-should-money-go-digital.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy