BTC China CEO: Bitcoin is a Viable Digital Currency

In an interview with Bloomberg’s Rishaad Salamat on ‘Trending Business’, BTC CEO Bobby Lee maintains that bitcoin is a viable digital currency. According to a Goldman Sachs study, 80% of the world’sBITCOIN TRADING volume are in renminbi, which suggests that majority of it takes place in China.
Lee cites that people all over the world are still using bitcoin as a form of payment, regardless of its negative reputation and price volatility. Bitcoin has been associated for its use in money laundering or criminal activities, as the transactions are anonymous and cannot be traced to identities.

This post was published at NewsBTC on July 30, 2015.