Donald norman bitcoin

On a good day, bitcoins signal a paradigm-shifting challenge to the marketplace. On a bad day, the digital currency is painted as a volatile playground for the tech crowd. To seed your new wallet, you can trade with existing members or use Bitcoin exchanges, among which rates vary widely.

Bit-Pay has about businesses signed up, ranging from a New Yorker selling video game activation keys online to a Miami restaurant where bitcoins cover the tab to a Chicago cabbie. The Chicago cab driver illustrates the extent to which bitcoins thrive as a novelty. International remittances, for example, draw a large group hungry for a cheaper, easier way to send money abroad. He also owns Intersango.

It is already used by at least one site known to sell illegal narcotics. Meanwhile, proponents say the next positive step is to alleviate friction for legitimate merchants. Gallippi also hopes to allow users to pay using e-mail addresses, mimicking PayPal, and looks to a future where businesses immediately exchange bitcoins for local currency—without ever having to physically handle either.

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