Published on July 19th, 2015 | by bitcoin0
Global Travelers Use Bitcoin for Payments
Bitcoin’s decentralized platform of distributed trust continues to gain the attention of astute observers of centralized payment systems.
One benefit bitcoin provides in today’s global economy is being a global currency.
Bret Swanson, writing in yesterday’s Chicago Tribune, claims bitcoin can alleviate the problems international travelers increasingly encounter when making payments in foreign countries.
Since he had waited until a few days before the trip, there wasn’t enough time to get a bank-issued debit card.
He sees banks’ efforts to reduce payment card fraud and meet anti-money laundering laws as further complicating payment issues for regular people.