Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×
Bitcoin

+ - With euro zone problems, Bitcoin experiencing boost in legitimacy->

Submitted by derekmead
derekmead (2466858) writes "Despite being used for drugs and beef jerky, Bitcoin is finding legitimate purposes. Bitcoin’s decentralized convenience means international efficiency, in areas where local restrictions on money transfers to foreign companies make legal businesses cumbersome. “I’ve been able to have cash in my bank account in a matter of hours using Bitcoin, rather than three days with traditional banking,” one British businessman in China told Reuters.

In embattled Europe, Bitcoin offers some a viable alternative against central banks, said a Greek owner of an island bar and restaurant who accepts payment in Bitcoin. “I don’t put money in the banks,” Gerald, who did not give his surname, told Reuters. “I trust the euro as a note, but I don’t trust banks. I don’t want them making money out of my earnings.” Indeed, Europe’s financial woes are caused an unprecedented surge of interest in the alternative currency, as the continent loses economic credibility with each new bailout, according to a report by the Financial Post."

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

With euro zone problems, Bitcoin experiencing boost in legitimacy

Comments Filter:

Take your work seriously but never take yourself seriously; and do not take what happens either to yourself or your work seriously. -- Booth Tarkington

Working...