Marketplace Tech for Thursday, December 19, 2013
Dec 19, 2013

Marketplace Tech for Thursday, December 19, 2013

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China's largest Bitcoin exchange, BTC China has been forced to stop taking Chinese currency. The move follows a reported meeting this week between payment processing companies in the country and the People's Bank of China, and a decision by national financial agencies in the country earlier this month that effectively banned dealing in Bitcoin, the so-called cryptocurrency -- which Marketplace Tech has been looking at all week -- seems either on the verge of collapse or going to the next level. So, which is it? Plus, the first piece of artwork created with Google Glass.

Segments From this episode

After China says no to Bitcoin, should we stop thinking of it as a currency?

Dec 19, 2013
One advocate says we should stop thinking of Bitcoin as a currency and start thinking of it as a money transfer system.

China’s largest Bitcoin exchange, BTC China has been forced to stop taking Chinese currency. The move follows a reported meeting this week between payment processing companies in the country and the People’s Bank of China, and a decision by national financial agencies in the country earlier this month that effectively banned dealing in Bitcoin, the so-called cryptocurrency — which Marketplace Tech has been looking at all week — seems either on the verge of collapse or going to the next level. So, which is it? Plus, the first piece of artwork created with Google Glass.

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