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Bitcoin upgrade aims for smoother e-commerce

Jeremy Kirk | Aug. 12, 2013
There's a broad belief that bitcoin might just be the virtual currency that takes off in a big way. To do that, it will need to become a lot easier to use.

The protocol could eventually be developed to support payment scenarios such as recurring subscriptions, tipping for services-related transactions and authorization and hold situations, used by hotels and rental car companies to verify funds are available.

"It's really the keystone for many future efforts," Hearn said.


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