Excerpt
Technology: Bitcoin Comes of Age with Embedded Chips for Smartphones
There was excitement in the Bitcoin community recently when 21 Inc. announced plans to market embedded chips for consumer devices – thus allowing Smartphones and other devices with Internet capability to earn digital currency continuously. The company’s move into the business-to-business segment of the technology sector is seen as an important step in establishing digital currency as a mainstream payment option for consumers. The addition of former Treasury Secretary Lawrence Summers to its advisory board and a successful effort to secure significant venture capital – believed to be in excess of $116 million – have helped the ambitious startup put the Bitcoin concept and its own enterprise in the spotlight.
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