Reuters: IBM working on payment system featuring Bitcoin’s core technology

Reuters reports IBM is working on a digital cash/payment system that would rely on the blockchain – the transaction ledger technology that underpins Bitcoin ( COIN , OTCQB:BTCS ) and other virtual currencies – to enable transactions for major currencies that don't require a bank or payment processor, thus lowering transaction costs.

from Google News, Yahoo! News, Wikinews, NY Times National News by search term http://ift.tt/19ln0Tt
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