“A former top official of the federal Consumer Financial Protection Bureau is jumping on the bitcoin bandwagon. Raj Date, a banking-industry veteran who has pushed for tighter Focused on Digital Currenciesregulation of the financial system, has joined the board of a new company developing ways to get merchants and consumers to use the virtual currency. The move is likely to add credibility to fledgling Circle Internet Financial Inc., which last month received $9 million in financing from venture capitalists. A growing number of merchants accept bitcoin, because the transaction costs associated with the currency are generally lower than those for using credit cards or debit cards.”
http://online.wsj.com/news/articles/SB10001424052702303559504579196301325588672
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