currency

venezuelaanalysis.com

What do you do when your country’s foreign reserves are dropping at a rate that would make avid bungee jumpers nauseous? If you’re left-wing Venezuelan President Nicolás Maduro, you take strong, decisive macroeconomic action.

You withhold dollars from Mickey Mouse.

Yessir, you discourage your countrymen from traveling to Florida, by further restricting the amount of dollars they can spend there with their bank credit cards – from $2,500 to $700.

Tom Hudson

Bitcoin may not sound revolutionary but to its supporters and users the digital global currency could be the future of payment. To regulators, it's a curiosity they're viewing with concern.  And for a growing number of individuals and companies in South Florida, it's an opportunity to experiment.  

What is it?

North American Bitcoin Conference Comes To Miami

Jan 27, 2014
Hillary Lindwall/WLRN

Bitcoin users from around the world attended this year's North American Bitcoin Conference this past weekend at the Miami Beach Convention Center.

Moe Levin, who organized the conference, says attendance exceeded his expectations.

"I was expecting 800 people and now there are 1,200," Levin said. "It [was] a hugely successful Bitcoin conference."

Conference goers attended workshops held by Bitcoin-accepting and facilitating merchant vendors, like bitpay and 3DCart.  

Digital Currency Conference Hits Miami Beach

Jan 27, 2014
Hillary Lindwall/WLRN

Hundreds of Bitcoin users flocked to Miami Beach this weekend for the North American Bitcoin Conference

Bitcoin is a form of digital currency that Florida Atlantic University finance professor Charles Evans says will change the way international business is conducted.