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January 03, 2012, 03:21:53 PM |
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Bill Pay!
How easy would it be for a Bitcoin bank to cut a check out to your electric company, cable company, etc?
In essence it would layer on top of an exchange, and when a check needs to be sent out, it converts bitcoins to dollars, and sends a check.
You would never need to touch dollars, and you can set up automated payments out to whoever you had to pay.
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