BITCOIN: How It Works, And Why It Could One Day Threaten Legacy Payments Tools Like Credit Cards

BI Intelligence   BI Intelligence, a subscription research service from Business Insider, provides in-depth insight, data, and analysis on today's most relevant digital trends in mobile, social media, payments and more. Below is a selection of topics covered in recent reports. Stay ahead by signing up for a free two week trial! January 31, 2014 BITCOIN: How It Works, And Why It Could One Day Threaten Legacy Payments Tools Like Credit Cards Bitcoin is most often discussed as a volatile digital currency, beloved by some, derided by others. But where Bitcoin's real value lies is as a payments technology that has the potential to revolutionize the legacy payments industry. In a new report from BI Intelligence, we explain how Bitcoin works, from the moment when local currency is exchanged for bitcoins, to the moment when it reaches the electronic wallet of a receiving party. We look at the key advantages of Bitcoin compared to the legacy players in the payments industry and examine the challenges that Bitcoin faces as a payment network. Read » Share this story: Innovation Isn't Over In Smartphones, As Companies Compete To Build Great, Mass-Market Cheap Devices Is the smartphone market dead in the water?  Read » Share this story: Social Big Data: The User Data Collected By Each Of The World's Largest Social Networks—And What It Means The social networks are each collecting different troves of data on user activity.  Read » Share this story: DRONES: Commercial Drones Are Becoming A Reality, With Huge Impacts For Many Industries Drones might be the missing link in the shipping chain that allows for nearly immediate e-commerce deliveries.  Read » Share this story: New Payments Startups Face An Uphill Battle To Disrupt The Credit Card Processing Industry Payments startups enter a massive industry that's deeply entrenched.  Read » Share this story: Share the latest business news with your network: Email sent to: ipat39@gmail.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 257 Park Avenue South, New York, NY 10010