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
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?