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Corporate

Sep. 4, 2013

Bitcoins gain ground, may presage a financial system sea change

Bitcoins burst into the limelight this year as a controversial online currency. Mere months later, observers believe they're a precursor to financial services that will increase the speed of transactions, cut out middlemen and limit fees.


By Joshua Sebold


Daily Journal Staff Writer


Bitcoins burst into the limelight this year as a controversial online currency that ensured secrecy and thus enabled criminals, tax evaders and anarchists to circumvent the financial system.


Still, as public attention focuses on sensational aspects of the phenomenon, attorneys and financial experts say bitcoins may be a precursor to services that will speed transactions, cut out middlemen and limit f...

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