Bitcoin. Image by: We Use Coins / YouTube
Bitcoin. Image by: We Use Coins / YouTube

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Written by: Matthew McGuire
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Bitcoin is a currency platform that takes encrypted code from one user that is connected to a bank account for a specific value, and it gives another user the ability to connect to that code and transition it to their bank account.

Copayis an open source Bitcoin wallet which secures a consumer’s account with multiple signatures and not just one. It also allows a consumer to take stock of security of the account in his hands by eliminating the role of the third party in securing a consumer’s funds.

Copay joins CoinWallet, BitPay and Gemini, along with a batch of tech companies, to distribute and help manager online monetary transactions.

This does put the user with the responsibility of the money transfer, but it also saves on the fees for international business transactions.

TechCrunch talks about the educational process, and the learning curve behind Bitcoin money transfers. They give insight on the interest and technology that plays into the emerging field of the new global currency.

This podcast also shines light on the companies that do, and do not use the currency method.  John Biggs talks about the structure of Bitcoin, and shows the weaknesses and strengths behind the system.

In addition, TechCrunch hosts a video piece covering the recent economic rise of Bitcoin on the stock market.


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National News

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