Bitcoin reshaping future of money

futuremoney10 Dec 2013 / CNN Money – Love it or hate it, Bitcoin is here to stay. Tech gurus, executives and investors lined up at the ‘Le Web’ conference in Paris Tuesday to predict a bright future for Bitcoin, challenging critics who have emphasized the risks associated with the digital currency.
“I think there is a lot more that is going to happen in the world of money very quickly, and that’s because of Bitcoin,” said Fred Wilson, a tech investor known for his early bets on Twitter (TWTR) and Kickstarter.

“We will now see payments and money flow on the Internet in the same way that content flows on the Internet and in the same way that images flow on the Internet,” he said, adding that this was one of the most “investable” trends he could see.
Companies such as PayPal, Visa (V, Fortune 500) or Mastercard (MA, Fortune 500) would not control the flow of digital money, Wilson said.
PayPal President David Marcus also hopped on the Bitcoin bandwagon, revealing that he owns bitcoins himself and saying he could imagine people using them on the eBay (EBAY, Fortune 500) platform in future……. Read more

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