“If you don’t understand what a bitcoin is, these Toronto entrepreneurs are here to help. ‘When the Internet started, nobody understood how to send emails,’ said Rodolfo Novak. Just as electronic mail has become a ubiquitous communication tool, Novak says the emerging digital currency will increasingly be used for everyday purchases. To that end, Toronto’s bitcoin believers are launching services to put virtual coins in your real-life wallet, and challenge the domain of traditional banks. Novak is one of the founders of Coinkite, a bitcoin banking website. Coinkite accounts link the virtual coins to a debit card, which works with a card reader Novak is selling to merchants.”
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