NEW YORK | An encrypted virtual currency traded over the Internet that can be purchased through online exchanges using real money. Four years ago bitcoin seemed like sci-fi but today it is already a 1-billion-dollar market. And many businesses are accepting it as a payment currency. Anthony Gallippi is CEO of BitPay, an Atlanta based Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies. He explained to The Corner how BitPay enables companies to jump on the bitcoin bandwagon.
BitCoin Frenzy: Revolution or Fraud?
MADRID | By Javier Flores (Asinver) | For some, BitCoin is a bubble, even a pyramidal fraud. For others it’s the future of a free market economy. Worst case scenario, BitCoin could be a bubble, even a scam like Afinsa and Forum Filatélico, the two stamp ponzi schemes that imploded in Spain some years ago. 16,000 people lost their savings.
Meet the 2020 Chinese consumers: they will transform their economy
BEIJING | By the year 2020, private consumption will account for a 45% of the GDP (33% in 2010) becoming the main driver of growth of the Chinese economy. This significant increase will be due to a change in consumption patterns, as it is noticed in a report recently released by McKinsey consultancy group “Meet the [...]
