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Bitcoin Pursues the Mainstream

Bitcoin Pursues the Mainstream

<nyt_text>

The currency known as bitcoin — a much-hyped and much-doubted type of digital cash that can be bought with traditional money — has mostly attracted attention for its popularity in the black market, and for its wildly gyrating valuation.

Gretchen Ertl for The New York Times

Jeremy Allaire of Circle Internet Financial, which promotes bitcoin for retail use.

 
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Agaton Strom for The New York Times

Cameron Winklevoss, left, and his brother Tyler are entrepreneurs and advocates of trading in bitcoin.

But some entrepreneurs, investors and even merchants are eyeing a far more mainstream use for it. They are convinced that bitcoin, though not widely understood, offers a path to lower payment processing and more secure transactions. Instead of using bitcoin to buy illegal guns in the recesses of the web, they say, ordinary consumers will use it to buy legal goods from legal retailers — and as easily as they now swipe their credit cards or exchange paper bills

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This entry was posted on October 31, 2013 by and tagged .

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bitcoinvancouver2013@gmail.com

bitcoinvancouver2013@gmail.com

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