“My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I’ve always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.” -Nick Szabo

"My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I've always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments." -Nick Szabo submitted by /u/norrinsyra_
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Bitcoin – The Currency of the Internet

Singapore Trials 'Bitcoin Banknotes' In New Consumer Adoption Drive

Across the water in Japan meanwhile, consumer spending of Bitcoin 'the currency' is a clear step ahead of the rest, with mass consumer adoption pushes putting payment options in hundreds of thousands of merchant outlets. What do you think about the Bitcoin banknotes? Let us know in the comments …
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Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin Exchanges (news.bitcoin.com)

From Israel to Australia, commercial banks in various parts of the world have tried preventing people from entering the cryptocurrency market by blocking money transfers to bitcoin exchanges. Now the largest consumer association in Portugal has called out a local bank for trying to do the same.
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Despite Soaring Price, Bitcoin Remains A Minor Player In Consumer Purchases

But while bitcoin was envisioned by its pseudonymous creator Satoshi Nakamoto as a payment system–a kind of “electronic cash” usable without the need for third parties like credit card companies–cryptocurrencies still seem to be primarily seen as investments. They're mostly alternatives to investing in …
Google Alert – bitcoin

PR: Farewell, Retailers: How Ins Ecosystem Plans to Change the Consumer Goods Market (news.bitcoin.com)

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
The global market for consumer goods is gaining speed: according to Persistence Market Research, this rapidly growing one will be worth $ 8.5 trillion by 2020. In three years, the…

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Bitcoin Escapes ‘Stifling’ Consumer Protection Authority’s Prepaid Regulation

The CFPB, the government agency overseeing consumer protection in the financial sector has not included bitcoin and other virtual currencies and related products from its new prepaid regulatory requirements. Virtual currencies like bitcoin and related products are outside the scope of a newly amended prepaid regulation [PDF] by the Bureau of Consumer Financial Protection (CFPB), a […]

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