Hong Kong -- I've got Debits and Credits, but no Record to Report! -- Here are today's MadBits:
1.) Apple to create it's own virtual currency -- Hello iMoney!
http://www.coindesk.com/apple-to-create-virtual-currency-imoney/
2.) Draper University to accept Bitcoins!
http://finance.yahoo.com/news/dr...
This episode, recorded on June 12, 2013, covered three distinct developments in the cryptocurrency space: the emergence of a proprietary digital currency, the adoption of Bitcoin by an educational institution, and the launch of a new marketplace.
Summary of Key Topics:
- iMoney/Apple Virtual Currency: The discussion highlighted a patent application for a combination of a virtual currency and digital wallet technology. This system, branded "iMoney," allowed users to store funds in the cloud and make payments via iPhone. It suggested future integrations, such as earning tokens for viewing advertisements and using Near-Field Communications (NFC) for payments.
- Draper University Adopts Bitcoin: Draper University announced that it was accepting Bitcoin for tuition. The institution viewed Bitcoin as a "promising currency with appreciating value," signaling early institutional acceptance of the cryptocurrency.
- Feathercoin Marketplace: Feathercoin, the home of a recent fork, launched its own eBay-style marketplace. The segment positioned this as a decentralized alternative to the centralized, fee-charging structure of eBay.
Key Quotes:
- "We accept Bitcoin for tuition because it is a promising currency with appreciating value." (Draper University)
- "You could even receive I Money tokens for viewing advertisements..." (Regarding the iMoney system)
- "Bitcoin-based eBay clones will solve the problem of eBay." (General commentary on decentralized commerce)
People Mentioned:
Apple, Draper University, Feathercoin.
Bitcoin Price:
Not mentioned.