[2014-08-28] Bitcoin On-Ramps Still Slow With Circle's Offering

[patricktim]

http://www.benzinga.com/startups/14/08/4808947/bitcoin-on-ramps-still-slow-with-circles-offering

 Bitcoin products enabling users to acquire bitcoins face fraud challenges. Many people attribute this to failings in bitcoin, but it is actually the current financial system that causes the problems.

Unlike today’s system of credit cards, checks and money orders, bitcoin payments are irreversible and just about impossible to forge.

Read more: http://www.benzinga.com/startups/14/08/4808947/bitcoin-on-ramps-still-slow-with-circles-offering#ixzz3BegvoQFb

[1715129191]

1715129191

[1715129191]

1715129191

[1715129191]

1715129191

[DooMAD]

It's certainly a hurdle that needs to be overcome.  Bitcoin was envisaged as a peer to peer currency, but most people don't seem to be acquiring it that way for some reason.  Relying on centralised companies to handle fiat to crypto trades wasn't part of the gameplan, but they're coming on board (whether we like it or not) to fill a void that hasn't been occupied yet.  Truly decentralised exchange is probably still a way off yet until some clever developer figures it out, so it'll have to suffice for now.