Best Practice Report

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 6th, 2014
Sucharita Kodali, VP, Principal Analyst
Sucharita Kodali VP, Principal Analyst
Denee Carrington, null
Denee Carrington
With contributors:
Carrie Johnson , Benjamin Ensor , Zia Daniell Wigder , Rebecca Katz

Summary

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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