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Bitcoin should not be seen as a currency, warns Ernst & Young

Posted on 12 December 2013

The professional services firm argues that bitcoin should be viewed as a payment system, not a currency replacement. Bitcoin does not need to replace normal currency in order to have a future, according to an expert on digital currencies from professional services firm Ernst & Young.
Speaking at an event in London, Roger Willis, who has been following bitcoin since its inception in 2009, described myths around the currency, one of which was its position as a replacement for “fiat” money………………………………………..Full Article: Source


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