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January 1, 2014· Palgrave Macmillan US eBooks
book-chapter

Bitcoin Opportunity

Authors:P. Carl Mullan *

Abstract

Digital currency is fast proving its worth as a medium of exchange and a store of value. Non-bank digital currencies should legally exist in America and could serve a major role in assisting members of this large consumer market. Bitcoin delivers a simple-to-use, inexpensive, secure, globally accepted payment product to the millions of Americans presently shut out of the banking system. Continued global growth of the digital unit as a currency and payment system is anticipated.

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