BitInstant’s press release announcing their expanded service offering was published by various media today. Excerpts:
“By simplifying this exchange, customers now just visit BitInstant’s website, print out a receipt, and deposit physical cash for the virtual currency at their nearest retail or convenience location. Bitcoins are credited to their account within 30 minutes.”
“Bitcoin enables users to transfer funds instantly to any other Bitcoin account holder in the world. There is no middle-man or controlling entity.”
“Instead of waiting 3-5 business days for a wire transfer across an ocean, Bitcoin transfers are immediate and have zero fees (for the most part). They also prevent merchants from suffering costly chargebacks, or requiring customers to expose personal information.”
[Ediitor’s note: Through a partnership with ZipZap, cash deposits for processing through BitInstant can be accepted in the U.S. and U.S. Territories (e.g., Puerto Rico) at WalMart, 7-11, Moneygram locations (e.g., CVS) and many other locations. Boleto is the payment system for accepting payment from customers in Brazil.]
Forbes contributor and Bitcoin Foundation board member Jon Matonis (@JonMatonis) introduces the Bicoin Foundation, a nonprofit corporation. Excerpts:
The Bitcoin Foundation launches this week to accelerate the global growth of bitcoin through standardization, protection, and promotion of the open source protocol. As a nonprofit corporation and neutral forum for collaboration, the Bitcoin Foundation follows the successful model of open source bodies like the Linux Foundation and the Tor Project.
In addition to individual membership, the Bitcoin Foundation provides a way for corporate enterprises from all industries to participate in the expansion of the bitcoin network and platform.
The Bitcoin Foundation mission leads to the early specific goals of financially sponsoring the efforts of the core development team, funding core infrastructure such as a test network and a DNS seed node, publishing a set of best practices for bitcoin integration, coordinating responses to business and media inquiries, and organizing an annual bitcoin conference with the first one being held in Silicon Valley.
Initial board members include Gavin Andresen (@GavinAndresen), Mark Karpeles (@MagicalTux), Jon Matonis (@JonMatonis), Patrick Murck (@VirtuallyLaw), Charlie Shrem (@CharlieShrem), and Peter Vessenes (@Vessenes).
Video: Bitcoin Symposium at NH Liberty Forum
A discussion on Bitcoin at the 2013 New Hampshire LIberty Forum, an annual gathering of voluntaryists and Libertarians, included panelists Erik Voorhees (@ErikVoorhees), Roger Ver (@RogerKVer) and Charlie Shrem (@CharlieShrem). There are 8-separate videos with each under 10 minutes in length:
It was at that forum that Jeffrey Tucker (@JeffreyATucker), publisher and executive editor of Laissez-Faire Books, used for the first time the Bitcoin ATM. He later featured that ATM in his post Top Alternatives to Paper Money.