“Pay securely. Here, there, anywhere.” That’s the slogan currently on PayPal’s website, and one of the central promises for digital payments of all kinds. But so far, the promise isn’t accessible “anywhere.”  For instance: Nicaragua.  On the country’s Pacific coast, in a remote beach town, there is a Spanish school called Pie de Gigante. It draws an […]

The Justice Department shut down online currency exchange, Liberty Reserve. For one business, that could mean bad news.

The Justice Department has indicted seven people involved with the online-payment system Liberty Reserve, accusing them of allegedly laundering $6 billion for the criminal underworld. What risk does the crackdown pose for Bitcoin?