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Digital Bank by Chris Skinner

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BITCOIN(global)

with Donald Normanco-founder of Bitcoin Consultancy Ltd

Bitcoin is one of the first implementations of a concept called crypto-currency, a secure digital currency for exchange by anyone, anywhere globally. Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities, and it is the first time that such a system has been launched. Although it is stumbling through its early evolution, many believe it could become the currency of the future. If this is the case, then what does it mean for banks?

Let’s start with something that some people find confusing, what is Bitcoin?

It’s cash, digital cash. It can be used to buy and sell goods and services. ...

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