“Bitcoin is reaching new heights thanks to a combination of speculation on future value and genuine, undeniable usefulness. Think about it: Why can it take days or weeks for banks to send money around the world, when an email travels in seconds? Does the money travel by steamboat? Are they loading gold bars onto the side of a camel and sending it over the mountains of Mongolia? Of course not. The real answer is depressing – banking is a stagnant market running on long-obsolete infrastructure, which improves only when forced to by government. [..] When Metro Bank opened in 2010, it received the first new UK banking licence issued in 150 years.”
http://www.bbc.co.uk/news/technology-25130261
Related posts:
Trump slaps tariffs on foreign solar panels and washing machines
Looking to play the rental market? Blackstone wants you
Get ready for the ‘War on Sugar’
Deputy pepper sprays, beats man with Down Syndrome
White House sends resolution to Congress asking for approval on Syria strikes
India's war on gold fails to protect the rupee, which keeps plunging
Tech Industry Sets Its Sights on Gambling
U.K. Royal Mint Runs Out of Sovereign Gold Coins on Demand
Pressure on China central bank for 15% yuan depreciation: sources
Sugar industry would wither without big government
Coming: A "Medicare Tax" If You Sell Your Property
Winklevoss twins say Bitcoin could become a country's currency
Gold Price Oscillator (Year over Year Price Change %)
New Rochelle sued by veterans group over Gadsden flag removal
Miners Shed Thousands of Jobs as Commodities Prices Slide