New Pilot Project Lets Investors Buy Stakes with Bitcoin

New Pilot Project Lets Investors Buy Stakes with Bitcoin

Swedish Crowdfunding Company FundedByMe recently launched a Bitcoin pilot program that allows investors to buy stakes using the virtual currency. The project was commenced yesterday as a part of analysis to check investors' interest in paying with the internet currency; while, at the same time, to generate funds for the Bitcoin trading platform Saffelo. According to the representatives of FundedByMe, the results of the aforesaid crowdfunding campaign will give them a perspective towards utilizing Bitcoin currency for fundraising purposes, upon which they would incorporate the new....

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The Bitcoin industry has been rife with scams and thefts, so it's hard to believe that the currency will be able to sustain itself over the long term. Even though there are some who claim Bitcoins are the currency of the future, I just don't see it. It has also been linked to drug trafficking and illegal gambling. I see it as a fad and nothing more, and as more people lose real money because of the legal issues surrounding Bitcoin, I eventually see it fading from existence.

Andrew Schrage, Founder and CEO of Money Crashers Personal Finance