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For eBusiness & Channel Strategy Professionals

Bitcoin: Some Parts Brilliant, Some Parts Sure To Bomb

An Executive Q&A On Why Bitcoin Is Flawed But Will Spur More Efficient Payment Systems

March 6, 2014

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Why Read This Report

Bitcoin has attracted significant attention in recent months from entrepreneurs, journalists, consumers, merchants, and government entities. eBusiness executives, especially at banks and retailers, are puzzled by Bitcoin, the first crypto-currency, a new method of value exchange via the Internet, and are struggling to understand its value to and potential impact on their businesses. In this Q&A document, we provide clarity on the current facts around Bitcoin, our prognosis for its future, and the impact that virtual currencies will have on the retail and payments landscape overall.

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Table of Contents

  • 1. What is Bitcoin?
  • 2. Who are the main players?
  • 3. What headway has Bitcoin made?
  • 4. How viable is Bitcoin as a consumer payment alternative?
  • 5. Should I worry about crypto-currencies like Bitcoin disrupting my business?
  • 6. How can I outsmart crypto-currencies?

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