Bitcoin’s decentralized platform of distributed trust continues to gain the attention of astute observers of centralized payment systems. One benefit bitcoin provides in today’s global economy is being a global currency. Bret Swanson, writing in yesterday’s Chicago Tribune, claims bitcoin can alleviate the problems international travelers increasingly encounter when making payments in foreign countries. Swanson, president of Entropy Economics, a technology economic research firm, and Entropy Capital, a venture capital firm, relates the difficulty he recently encountered when his teenage daughter needed to pay for things during a trip to France. A few days before the trip, he loaded prepaid […]
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