Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
News of the Competition (07/23/2014)
  • ATLANTA (7/23/14)--Finding bitcoins can be tricky, but a new and perhaps easier way to give and receive the digital currency recently has been developed: through Facebook. BitPay, a Bitcoin-based payment gateway, recently launched the "Get Bits" Facebook app that will allow users to give or receive bitcoins to or from "friends" on the social networking site ( The Paypers July 22). To gain access to bitcoin via Facebook, users must sign into their accounts and activate the application. Once logged in, users will be able to view which of their friends on Facebook also have activated the app and whether they are willing to help procure bitcoin by trade, gift or otherwise. "Because Bitcoin is one of the only forms of payment which cannot be fraudulently reversed, selling bitcoin usually requires some level of trust in the buyer," BitPay wrote on its online blog. "To deal with this, Get Bits (now) leverages the world's largest "web of trust," Facebook ...


RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
10 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
12 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
12 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
12 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
14 hours ago