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Topic: 2012-12-11 spectrum.ieee.org - Bitcoin-Central Is Now The World's First Bitcoin (Read 885 times)

legendary
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Nice, a lot of geeks just got the wake up call, if they didn't know about bitcoin already.
legendary
Activity: 1092
Merit: 1001
Quote
Bitcoin-Central Is Now The World's First Bitcoin Bank...Kind Of


Morgen Peck
2012-12-11

http://spectrum.ieee.org/tech-talk/telecom/internet/bitcoincentral-is-now-the-worlds-first-bitcoin-bankkind-of

Last week, Bitcoin-Central, a Bitcoin exchange and storage service provided by the French company, Paymium, made a huge announcement. In essence, they said that they will now legally be able to carry out all of the functions of a payment service provider (such as Paypal or Dwolla)—with "legally" being the key word here. The truth is that it looks like a bank and it talks like a bank. But it's not really a bank.
But that's okay. For the moment, let's just talk about appearances. Because in this case they are very important.
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