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Why Banks Should Care About Bitcoin
April 5, 2013

Look beyond the hype about the price of this digital currency. Because Bitcoin's not just a currency, it's also a payment system, and as such a budding challenger to PayPal, Western Union, Visa, MasterCard, and perhaps banks themselves. Whether the currency is a pot of gold or fool's gold is beside the point, argues Executive Editor Marc Hochstein. The real potential of this technology is as a set of pipes for transmitting value.

Comments (2)
Kudos Marc, you really get it.
Posted by petersurda | Friday, April 05 2013 at 5:44PM ET
Lols. Bitcoin can't be used by banks - it is far too inefficient. It's got good bits, but bitcoin light-years behind the inter-bank markets, and will always be. It's design systematically limits it's ability to be efficient. Banks already know it, so they won't adopt it. Beware, bankers generally believe in "efficient market hypothesis" - so you'll be on your own.
Posted by SpyFX | Saturday, September 21 2013 at 2:59PM ET
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