Banking

5:00am

Fri February 14, 2014
Business

Volatility Can Take All The Fun Out Of Spending Bitcoin

A growing number of Colorado brick-and-mortar businesses are accepting Bitcoin. But the currency remains volitile.
Grace Hood KUNC

5:43am

Fri February 7, 2014
Planet Money

A Venture Capitalist Is Betting A Pair Of Socks (And $50 Million) On Bitcoin's Future

Originally published on Fri February 7, 2014 9:26 am

Marc van der Chijs Flickr

Ben Horowitz is a big-time venture capitalist. His firm invested in Facebook and Twitter. More recently, his firm invested some $50 million in startups related to bitcoin, the virtual currency that works like online cash. Ben thinks bitcoin is going to change the way people buy and sell stuff on the Internet.

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5:43am

Fri February 7, 2014
Business

Post Office Could Rack Up Billions By Offering Money Services

Originally published on Fri February 7, 2014 9:26 am

U.S. Postal Service clerks help customers at the Los Feliz Post Office in Los Angeles.
Kevork Djansezian Getty Images

As the U.S. Postal Service continues to lose money each year, a new report suggests a way to add to its bottom line: offer banklike services, such as a check cashing card that would allow holders to make purchases and pay bills online or even take out small loans. The idea is to provide services that are now unavailable in many communities.

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5:00am

Mon February 3, 2014
Digital Life

Once I Get My Hands On Some Bitcoin, What Happens Next?

A credit card terminal at Cosmic Market in Greeley advertises that Bitcoin has arrived.
Grace Hood KUNC

As brick-and-mortar stories quickly adopt digital currency, “Bitcoin, cash or credit?” could become the new mantra of cashiers and baristas everywhere. Once I figure out how to get my hands on some virtual coin, then comes the fun part.

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2:14pm

Fri January 24, 2014
Business

Hesitant Banks Could Soon Open To Marijuana Industry

Financial instutitions have been reluctant to open accounts with marijuana businesses for fear of racketeering or money laundering charges. That could change soon.
Credit Luke Runyon / KUNC and Harvest Public Media

The “Cash Only” signs that are ubiquitous in Colorado’s marijuana businesses, medicinal or recreational, could soon be on the way out. Attorney General Eric Holder says the U.S. Department of Justice will soon issue guidelines meant to put skittish financial institutions at ease about dealing in the burgeoning marijuana industry.

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