Interest in BitCoin, Fledgling Electronic Currency, Grows
Jeremy Kirk
2012-09-11
http://www.pcworld.com/businesscenter/article/262196/interest_in_bitcoin_fledgling_electronic_currency_grows.html?utm_source=dlvr.it&utm_medium=twitter#tk.rss_newsAnthony Gallippi, CEO of BitPay, has started paying his gardener -- in BitCoins.
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BitPay, a Florida-based company, is seeing rising interest in BitCoin, the fledgling digital currency that is a small, yet interesting wild card challenger to traditional payment systems.
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Still, there are a lot of questions around the future of BitCoin, and its exchange rate has seen wild fluctuations from a high of around $30 to as low as $2. Gallippi admits the situation "is like the wild west right now," and it remains to be seen how governments will craft policy around BitCoin or how financial institutions will deal with a rising competitor.
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Most intriguingly...
BitPay is also in early discussions with three of the top 25 websites ranked by Alexa, which are testing BitPay's systems, he said.