What is this thing called Bitcoin?


Some of us know the numbers.

If you’d invested $1,000 in Bitcoins in summer 2011, you would be sitting on around $500,000 today.

That’s because we didn’t invest $1,000 in summer 2011.

Nevertheless, some of us did invest $1,000 in summer 2013 and by December, that investment is worth $10,000.

What is this benign conundrum Bitcoin?

Some claim it is the next generation currency that will dominate global trade for the next generation.

Some claim it is the displacement for national currencies.

Others claim it replaces Visa, MasterCard, PayPal and even the banking system.

I claim it is the Wikicoin for the Wikileaks Generation.
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Fast Facts: What You Might Not Know About Prepaid Cards


The Financial Services Roundtable recently released another iteration of its Fast Facts, reliable, bullet-point research about issues facing the financial services industry. Topics span TARP, Dodd-Frank, insurance, lending, retirement savings and more. This iteration focuses on the ins-and-outs of prepaid cards: a flexible financial alternative for underbanked individuals.

A flexible financial alternative for underbanked individuals, prepaid cards are among the fastest growing payment products in the United States, proving to save money both for users and the American taxpayer.
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The death of cash – simply an urban myth?


As innovative payment technologies hit the market, like the PayPal ‘check in’ service that launched in London this month, it seems that coins and notes are becoming less important. As countries like Sweden appeal for a ‘cashless society’ and physical cash continues to cost economies vast amounts annually, one needs to ask if cash really will die out in the near future, or if this is simply an urban myth.
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Virtual Currency


Currency is broadly defined as anything that can be used as a medium of exchange to buy or sell goods and services. This need not necessarily be a physical object. In the barter system, which was a precursor to the system of money, goods and services were simply “traded” without any specific medium of Exchange.

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