July 23, 2014 - In This Issue:





How The Growing Market Will Cause A $3.4 Trillion Disruption
A tsunami of disruption - courtesy of Bitcoin - is headed directly for several sectors of the financial services industry.

Some of these companies may adapt to a world in which the digital currency plays a major role, but most are likely to become Bitcoin market victims - companies that will struggle and possibly disappear altogether.

In a research report released at the end of May, Wedbush Securities analyst Gil Luria said "Bitcoin-related technologies will disrupt payments markets and other trust-based markets within the next few years and for decades to follow."  Read more..

Bitcoin For The Underbanked

The hype about cryptocurrencies and their potential to reshape our financial system is justified-but not in the way most people would expect.

Outside of tech-forward circles of rich young men, most Americans still don't know or care very much about Bitcoin and its contemporaries. There is immense opportunity to apply the unique properties of cryptocurrencies to build products for the 80 million Americans who are least served by the existing financial system-a group sometimes referred to as the emerging middle class.           Read more.. 


Gyft Is Now Offering Bitcoin Bought E-Gift Cards For Electronics Retailer Best Buy

 Best Buy fanatic? Some good news coming your way.

Popular gift card-purchasing retailer Gyft - well known in the cryptocurrency community for accepting bitcoin - is now offering e-gift cards for electronics retailer Best Buy.

Seemingly scores of users have been begging for the addition, and now it's here. But that addition comes with a little bit a of letdown, so we'll make you aware of that right off the bat.

Read more..


Another Sign That Bitcoin Is Here To Stay


Add another to the growing list of companies accepting Bitcoin. Dell will let you buy your next PC using the cryptocurrency via a partnership with Coinbase, a Bitcoin wallet supplier.

"Bitcoin is a new payment option intended to offer even more flexibility for customers. Bitcoin payments can be made easily from anywhere in the world, and offer reduced payment processing costs," Dell said in a Q&A posted at its site.

That's a powerful endorsement from one of the world's largest computing retailers, and suggests that Bitcoin is well on its way to achieving permanent status as a currency alternative.  Read more..


Bitcoin To Get A TV Network

This September, if all goes according to plan, the Bitcoin blockchain -- a transaction database shared by all nodes in the Bitcoin protocol -- will take to the radio waves in Finland.

The project is called Kryptoradio. It's the result of a partnership between Koodilehto, a Finnish co-op specializing in open technology development, and another group that was responsible for developing and encouraging the adoption of the alternative digital currency known as FIMKrypto. 

This week the Bitcoin-trading site Mt. Gox went dark. There have been reports of a security breach, compromising over $300 million dollars from investors. Annie reports on this news, and what it means for the future of Bitcoin.Read more..






First Eyewear Company To Accept Bitcoins For Eyewear Purchases

The founders of Swift Eyewear Inc., Joseph Ianni and Pierre Brousseau, are very excited to announce that it will become the first global eyewear company to accept Bitcoin payments. Swift will use Blockchain.Info's US dollar market exchange price feed to instantaneously convert prices to Bitcoins for each purchase.

Bitcoin is a non-regulated digital currency that buyers and sellers exchange over the Internet without bank involvement. Its fast rising popularity and low or no service fees make Bitcoins a welcome fit to the existing Visa, MasterCard, Amex and debit payment methods accepted on the firm's website. Bitcoin payments will be accepted across the company's brands. The growing list of companies that accept bitcoin payments includes Overstock.com, Lord & Taylor, 1-800-Flowers.com and Dish Network.

Read more..



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