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8pip, a Singapore-based company, has plans to launch what it claims to be the world’s first prepaid Bitcoin cards. The cards will be launched at Startup Asia Singapore 2014 on May 7th. With prepaid Bitcoin cards, customers will be able to purchase bitcoins by simply buying a card. They can then go to the CardToCoin website in order to redeem the Bitcoin from the card. When the details of the card are typed in, the bitcoins will automatically be transferred to a customer’s Bitcoin wallet. Full article here: https://coinreport.net/8pip-launches-prepaid-bitcoin-card/
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Full article here: http://newsbtc.com/2014/05/01/rand-paul-thinks-bitcoin-backed-stocks/"And actually my theory, if I were setting it up, I’d make it exchangeable for stock. And then it’d have real value. And I’d have it pegged, and I’d have a basket of 10 big retailers. Because I read [Marc] Andreessen’s article a couple months ago. What fascinated me about it was those 2 to 3% margins. If you multiply that out for all of Wal-Mart and they don’t have to use Visa anymore, I’m guessing the people who have to be worried here are Visa and MasterCard. I think it would work, but I think, because I’m sort of a believer in currency having value, if you’re going to create a currency, have it backed up by — you know, Hayek used to talk about a basket of commodities? You could have a basket of stocks, and have some exchangeability, because it’s hard for people like me who are a bit tangible. But you could have an average of stocks, I’m wondering if that’s the next permutation."
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Attorney General Eric Holder told lawmakers that Bitcoin and other virtual currencies pose a challenge for law enforcement agencies, because they can be used to "conceal illegal activity." http://money.cnn.com/2014/04/08/technology/bitcoin-holder/Holder told lawmakers that the Justice Department is "committed to innovating alongside this new technology in order to ensure our investigations are not impeded by any improvement in criminals' ability to move funds anonymously." Comments like that just tells me the TPTB are going to allow BTC to be part of our economy, for selfish reasons of course *cough* wall st. *cough*.
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