A company is beta testing a cred card that will accept both bitcoin and real currency. Apple is considering accepting Bitcoin as a paymeent method on it mobile apps. The applications of bitcoin go way beyond its use as an alternate currency. This leads to the third, and most complex, area of interest to investors. That said, it may be the area that generates the best return on investment in the long term. I refer to this as investing in the “decentralized trust model” of bitcoin. This new system leverages peer-to-peer computing and cryptographic techniques to create a new model for transactions that is both elegant and extremely useful.
Bitcoin is the crypto currency that has been making ripples in the financial media. Bitcoin price reached the high of around $1,200 before it tanked. But it is again making a recovery and some geeks have just madly fallen in love with this crypto currency that doesnot represent anything. It has been classified as a commodity by IRS and SEC has warned investors of bitcoin investing pitfalls. But the rage continues and people say bitcoin can change our future. The company is beta testing 100 cards with friends and family members. It allows users to make purchases with accounts from Coinbase—a bitcoin exchange—and Ripple—a digital payment exchange protocol that can support real and digital currency.
eBay is seriously contemplating introducing bitcoin as a payment method. The anonymity involved in using bitcoin as method of payment makes it popular with certain segments of the sociey.