“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
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