Beyond Digital Study: A Fifth of UK Businesses to Trade in Digital Currencies by 2020

A new study suggests that consumers and businesses in the United States remain apprehensive about the prospect of using digital currency, as well as digital payment tools and platforms currently available on the market. Software research firm Software Advice surveyed roughly 400 small business owners and customers, who answered a series of questions regarding their willingness to use digital currencies should they become more widely adopted. About two-thirds of consumer participants suggested that they are unlikely to use bitcoin or other digital currencies, with 49% specifying that they....

The European Central Bank has released a new report on digital currency, describing it as "inherently unstable" but potentially transformative in the realm of payments. The ECB study builds off an earlier study published in 2012, offering both a general overview of digital currencies as well as follow-up analysis on the potential benefits and risk of using so-called virtual currency schemes (VCS). The central bank, which oversees national-level central banks in the eurozone, suggested in the report that digital currencies could impact the ECB's ability to function. However, it stopped....

Canada's Senate Committee on Banking, Trade and Commerce is set to meet today (9th April) as part of a hearing that will aim to study the use of digital currency and feature notable members of the local community. In attendance will be Haseeb Awan, co-founder of bitcoin ATM provider BitAccess. Joseph David, CEO of Calgary-based digital currency exchange CaVirtex; and Kyle Kemper and Victoria van Eyk, partners at Bitcoin Strategy Group, an organisation dedicated toward helping Canada's bitcoin businesses develop their public image. The in-person meeting is meant to educate the Senate....

Digital currencies now feature in the long-term strategies of US businesses, according to a new study of electronic payment trends. The Ponemon Institute report, commissioned by tech giant hp, found that 79% of respondents planned to support digital currencies like bitcoin in the future. Additionally, 80% of the 634 US residents surveyed said they expect digital currencies to overtake paper currencies in the future. The report's authors point out that the participants, primarily working in IT operations, security and technology deployment, are "all familiar with and involved" in their....

A new study suggests that 'millennials' and more affluent consumers see the most promise in digital currencies like bitcoin. The research further suggests that these groups could be the driving force behind mainstream adoption of the digital currency in the future. Data from technology research firm Accenture collected insights into the digital payment preferences of more than 4,000 US citizens, and found that while only 8% of participants currently use digital currency, 18% foresee using the technology by the year 2020. Individuals in the millennial generation - corresponding roughly to....