STRATEGIC PARTNERS
May 29, 2014
Bitcoin has taken some hits in the mainstream media the past six months, but you’d be hard-pressed to find a bank industry executive not talking about the cryptocurrency’s threat to legacy payments systems once they understand how it works.
In a nutshell, Bitcoin was created to eliminate the middleman when two parties exchange payment for goods and services. No banks and third-party networks such as Visa or MasterCard are involved in the payment process. And the transaction is almost completely anonymous.
This infographic gives you the facts you need to understand this new form of currency.
