Dec 29, 2013

Bitcoin or a Bank? Here’s How They Stack Up


The following graphic was put together by the folks at Promontory Financial and is extremely telling.

It looks at three ways in which a U.S. citizen might choose to go about sending a $1,000 downpayment to Europe for the purpose of renting a vacation home.  They put Bitcoin side by with with a traditional bank wire as well as a credit card transaction.

The results might surprise you…

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