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Bitcoin Breaks Down Barriers In $60 Billion International Art Industry - Benzinga

Published 2 years ago

Bitcoin Breaks Down Barriers In $60 Billion International Art Industry - Benzinga

Benzinga via

The $60 billion international art world is increasingly intrigued by the idea of using bitcoin, a currency without borders and those often-annoying middleman, such as art brokers and government regulators, the BBC reports. Her clientele will have the option of using bitcoin and the raft of other competitors, such as Ethereum, Ethereum Classic, Dash, Litecoin and Monero, she told the news agency. The underlying tech for bitcoin is called blockchain, a digital record of transactions that is distributed and verified by a network of computers. "I give the client my public key (a long string of letters and numbers) and they use that to send bitcoin to my account from their digital wallet or bitcoin exchange." "My wallet is linked to my personal bank so I can then convert those bitcoins into pounds, euros or dollars." “How do I sit back and crunch numbers and come up with a fundamental value for bitcoin?” he said recently on PreMarket Prep. Bitcoin, Bitcoin, Bitcoin: Why Some Buy And Some Don’t © 2017 Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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