
“Apple’s entry into mobile payments last week through Apple Pay won’t really waver use of bitcoin, investor Cameron Winklevoss told CNBC on Thursday. ‘I don’t think they compete. I think Apple Pay is a closed system. You know, bitcoin is inherently open sourced, decentralized,’ Winklevoss said on ‘Squawk Alley,’ where he promoted his investment in Authy, a two-factor authentication app. Bitcoin is a digital currency, not backed by any government or central bank, that fluctuates in value according to its users’ demand. Users can transfer bitcoins to each other online, store the currency in digital ‘wallets’ and pay for goods at select retailers.”
http://www.cnbc.com/id/102013358
Related posts:
Why Buffalo wings will break your budget in 2013
American marijuana companies turn to Canadian stock exchange to raise capital
'I've been priced out of downtown Detroit'
Bangladesh police fire rubber bullets at workers seeking $100 month wage
Cubans ditch exit permits for international travel
Gold purchases surge in China as prices slump
The Surveillance Speech: A Low Point in Barack Obama's Presidency
Why It's So Hard For Scientists To Study Medical Marijuana
An assault on living standards set to run and run
Police 'assessing credibility' of claim Princess Diana murdered by British soldier
Pressure to legalise marijuana after Australian boy denied treatment
As iron ore prices fall 60%, mining companies worldwide risk closure
ECB corporate debt buys unexpectedly high in first full week
Anti-China riots in Vietnam ease after 1,400 protesters arrested
Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required