Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror
Note: You can take 10% off all Slashdot Deals with coupon code "slashdot10off." ×
Bitcoin

Submission + - Bitcoin currency surpasses 20 national currencies in value-> 1

Velcroman1 writes: More than $1 billion dollars worth of bitcoins now circulate on the web – an amount that exceeds the value of the entire currency stock of small countries like Liberia, Bhutan, and 18 other countries. Bitcoin is in high demand right now — each bitcoin currently sells for more than $90 U.S. dollars — which bitcoin insiders say is because of world events that have shaken confidence in government-issued currencies. “Because of what's going on in Cyprus and Europe, people are trying to pull their money out of banks there,” said Tony Gallippi, the CEO “BitPay.com,” which enables businesses to easily accept bitcoins as payment. “So they buy gold, they put it under the mattress, or they buy bitcoin,” Gallippi said.
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Bitcoin currency surpasses 20 national currencies in value

Comments Filter:
  • Myself being a multi-trillionare (in Zimbabwean dollars), I'd like to comment that it may not be hard to surpass some currencies.

System going down at 1:45 this afternoon for disk crashing.

Working...