Bitcoin Forum

Bitcoin-Central Is Now The World's First Bitcoin Bank...Kind Of


Morgen Peck
2012-12-11

http://spectrum.ieee.org/tech-talk/telecom/internet/bitcoincentral-is-now-the-worlds-first-bitcoin-bankkind-of

Last week, Bitcoin-Central, a Bitcoin exchange and storage service provided by the French company, Paymium, made a huge announcement. In essence, they said that they will now legally be able to carry out all of the functions of a payment service provider (such as Paypal or Dwolla)—with "legally" being the key word here. The truth is that it looks like a bank and it talks like a bank. But it's not really a bank.
But that's okay. For the moment, let's just talk about appearances. Because in this case they are very important.
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