Ron Burgundy Posted February 11, 2014 Share Posted February 11, 2014 By Ari Rabinovitch TEL AVIV (Reuters) - "Welcome to the new economy," boasts a sign at the entrance of the self-styled Bitcoin Embassy in the heart of Tel Aviv. The sparely furnished property opened a few months ago to support a community of Bitcoin fanatics, perhaps the most active in the world, who are out to build just that - a next-generation trading system based on the digital currency. At least two dozen startups have popped up in Israel over the past year with a view to creating tools that will allow the currency to be used in almost any kind of transaction - from buying shoes to sending remittances or issuing company stock. That makes the country as much of a Bitcoin hotspot as Singapore or California's Silicon Valley, says Eli Novershtern, principal of Israel's biggest venture capital firm Pitango, which manages assets worth over $1.6 billion. View the full article Quote Link to comment Share on other sites More sharing options...
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