Tag Archives: banking
May 17th, 2012 by Irdial 1DnwFLXczVZV8kLJbMYoheUrpqHesjxrSi
Should people who want to see the widespread and rapid adoption of Bitcoin seek tight regulation and integration with the State, or should they rely only on their skills as developers, marketers and entrepreneurs to create the rock solid, reliable and trustworthy products that people will use in their millions, like the other well known internet companies that have changed the way we do things?
A Bitcoin innovator has just applied for and received a registry entry from the US Federal Government’s Financial Crimes Enforcement Network:
I have followed bitcoin since the very start, and I think everyone will agree bitcoin has been a fantastic experiment to date. A great technical system, a great community and great leadership have contributed to something very special. ie the de facto currency of the Internet.
Back when bitcoin was around 2 cents, I was the first person to predict that it would go parity with the dollar, and people thought that was crazy. Within a year that milestone was reached and surpassed.
Virtual currency exchange service BitInstant is all set to roll out first officially certified Bitcoin Paycard, in collaboration with MasterCard, which would be a debit card and accepted globally.
According to payment processor, the proposed card would be loaded up with Bitcoins and then withdraw real world currencies, while will work as a standard debit or credit card and will be accepted anywhere that accepts MasterCard.
The card will be fitted with a QR code on the front and a printed address on the back which would be used to load Bitcoins, with BitInstant charging a 1% fee.