Tag Archives: Money

JPMorgan To Exit Foodstamp, Other Prepaid Cards Business

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“Mess with us, we’ll mess with you. That is the message one can derive from JPMorgan’s surprise announcement that it plans to ‘sell or wind down its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits.’ Which also includes the infamous Electronic Benefits Transfer, or foodstamps, card. According to Reuters, the product, which has been offered with cash and treasury services to companies and governments, ‘had become a headache of risks in operations and regulations, according to a person familiar with the matter who was not authorized to speak publicly.'”

http://www.zerohedge.com/news/2014-01-09/jpmorgan-exit-foodstamp-other-prepaid-cards-business

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Race To Debase – Fiat Currency Vs Gold, Silver 2000-2014

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“How has your Paper Currency performed versus Silver and Gold in the 21st Century?  You may be surprised by the answers below.  Below you will find 120 fiat currency’s nominal values versus silver and gold prices thus far in the 21st Century.  Not one paper currency has outperformed bullion thus far, see for yourself.”

http://goldsilver.com/article/race-to-debase-fiat-currency-vs-gold-fiat-currency-vs-silver-2000-2014/

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Neiman Marcus Credit Cards Hacked

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“Luxury retailer Neiman Marcus confirmed Saturday that customer’s credit and debit card information may have been compromised, following evidence of hacking in mid-December.  The company did not reveal how many customers had been or would be affected, but said it was in the process of notifying card holders whose accounts may have unauthorized charges, the Associated Press reports.  Target announced in December that it was the victim of a cybersecurity attack over the holiday season, and recently raised its estimates on the number of affected customers from 40 million to 70 million. It is unclear if the two security breaches are related.”

http://business.time.com/2014/01/11/nieman-marcus-credit-cards-hacked/

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Fed up with euro, France flirts with coupon money

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“Whether buying bread, filling a pharmacy prescription, getting a haircut or going to the doctor, some residents of Montreuil, France, are rejecting the euro in favor of ‘La Peche’, a local community currency.  In France, local currencies are growing in popularity as trust in state institutions erodes. An elaborate coupon system lets locals pay for services and goods with special local banknotes, which are recycled and kept within the community.  France, Europe’s second largest economy, has at least 20 different types of complementary currencies. Worldwide there are over 4,000 community-centered money schemes.”

http://rt.com/business/france-currency-alternative-euro-415/

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Trace Mayer, J.D. – Bitcoin Thought Leader & Investor

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“Trace Mayer, J.D. is a bitcoin thought leader and investor in BitPay and Armory Technologies. Listen as Trace discusses his background and how he got involved in bitcoin. Trace provides great insight on how bitcoin can disrupt everything from currency, to corporate and state governance, asset transfers and ownership, contracts and a wide range of financial services.  This interview is one in a series captured at the Media Bistro Inside Bitcoins Conference in Las Vegas, Nevada, December 10th and 11th, 2013.”

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Why more businesses may adopt bitcoin

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“Forget the regulatory crackdown in China. U.S. businesses are helping the controversial cryptocurrency known as bitcoin to make a price comeback.  Zynga is the latest among a growing number of companies adopting bitcoin. Last month, online retailer Overstock.com announced that it would roll out a bitcoin purchasing option.  Other businesses that have taken to the digital currency include dating site OKCupid, blogging platform WordPress, social news site Reddit, and billionaire entrepreneur Richard Branson’s space travel outlet Virgin Galactic. Even a New York City-based real estate firm, CORE New York, is offering clients the option to pay broker fees in bitcoins.”

http://www.usatoday.com/story/money/personalfinance/2014/01/12/cnbc-bitcoin-business/4393905/

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Overstock CEO: Amazon Will Be Forced To Start Accepting Bitcoin

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“This past week, online retailer Overstock.com became the most mainstream retailer to start accepting Bitcoin. On Twitter, the company’s CEO Patrick Byrne said the retailer saw $130K worth of Bitcoin orders on the first day.  Byrne says he’s a Bitcoin believer, but until he has suppliers that accept Bitcoin, there’s no reason to hold onto them. He’d also be interested in participating in a Bitcoin derivatives market at some point in the future to hedge against volatility.  He also said he believes Amazon will be forced to accept Bitcoin at some point, as he claims the market is growing at 30% per month and that the company would be foolish to cede that market to others.”

http://www.businessinsider.com/overstock-bitcoin-2014-1

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Colorado Marijuana Dispensary Uses Bitcoin to Evade Federal Laws

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“At least one marijuana dispensary in Colorado has reportedly begun accepting bitcoin.  Colorado’s decision to legalize cannabis has been filling headlines for weeks, and the hype is still going strong.  Investors have been piling up in the marijuana market, ranging from reputable medicinal marijuana companies to highly speculative penny stocks.  Outside some dispensaries the queues of pot lovers are incredibly large, resembling the lines frequently formed in front of Apple Stores following an iPhone launch.  A somewhat bigger problem for dispensaries lurks in federal law. They cannot accept credit card payments, so all purchases must be in cash – or bitcoin.”

http://www.coindesk.com/colorado-marijuana-dispensary-bitcoin-evade-federal-laws/

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6 Things Bitcoiners Are Talking About That You’ve Never Heard Of

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“Not five minutes into the interview, and Ryan Findley — the Principal of Neominds Labs in Philadelphia, Pa. — had already bulldozed through what I deemed my most difficult question.  I had asked Ryan, ‘Does Bitcoin makes sense for businesses?’ To which he simply replied, ‘Bitcoin works if you’re interested in putting the time into it to learn about it.’  It was the perfect answer. I could have ended the interview right there, but considering I had Ryan on the line — and he’s forgotten more about technology then I’ll ever hope to understand — I asked, ‘What do you find interesting about Bitcoin?’  Strap in, because Ryan took me down the Bitcoin rabbit hole.”

http://www.fool.com/investing/general/2014/01/12/i-fell-down-the-bitcoin-rabbit-hole-and-this-is-wh.aspx

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Andreas M. Antonopoulos – L.A. Bitcoin Meetup – January 9, 2014

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“The following is a talk by Andreas M. Antonopoulos to the Los Angeles Bitcoin Meetup on January 9, 2014 at CoLoft in Santa Monica.”

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