Press Mention

New Technology on the Block

Harvard Law Today
October 21, 2016

"In a global economy with increasingly far-flung workforces, companies often need to pay contract workers in other countries. They can do it the conventional way, involving processing an invoice and either cutting a check or collecting and managing direct-deposit data. Along the way, currency has to be converted, meaning a middleman is paid a percentage to make the exchange. Or companies can pay in bitcoin. The payment with the digital currency is immediate, and if the worker lives in a country such as India that has a bitcoin exchange, there are minimal fees to convert. Compared with conventional banking, it is simpler, cheaper and faster."

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