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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
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Fidor Bank and Kraken call on partners to establish a cryptocurrency bank

Fidor Bank and Kraken welcome partners in an initiative to establish a banking platform for crypto-currencies - Join now!
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TechRadar claims Bitcoins meets the specifications for crypto-currency to replace cash

TechRadar claims Bitcoins meets the specifications for crypto-currency to replace cash | Payments 2.0 | Scoop.it

"If we were to design a digital currency, then we would have to replicate these three key features of cash: the ability to transfer it unambiguously from buyer to seller even though it's not a physical object, the inability to clone it ..."

 

[Bitcoin] ... "is anonymous (participants are known only by their addresses, and each participant can use many addresses). Although bitcoins can be cloned and spent twice, the network maintains information about the monetary value of each address so the double-spend problem is avoided. Finally, transactions of bitcoins are verified and confirmed by the network"


My take: this article tries to revive interest in the open source digital cash project Bitcoin http://en.wikipedia.org/wiki/Bitcoin

 

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