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Transaction Services

Published on in “Business, Business”, language — English. 10 pages.
Bitcoin faces an uphill battle to satisfy the conventional functions of money as a medium of exchange, store of value and a unit of account, according to participants at the Bitcoin London 2013 conference. The jury is still out on what role Bitcoin can play in the world economy. For some, the ambition is for a currency with a practical application, used as a medium of exchange alongside national currencies – and, perhaps, in some cases, one day replacing them. Yet for others it is principally us More
Bitcoin faces an uphill battle to satisfy the conventional functions of money as a medium of exchange, store of value and a unit of account, according to participants at the Bitcoin London 2013 conference. The jury is still out on what role Bitcoin can play in the world economy. For some, the ambition is for a currency with a practical application, used as a medium of exchange alongside national currencies – and, perhaps, in some cases, one day replacing them. Yet for others it is principally us More

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