NDM story 5/12/17

http://www.straitstimes.com/business/root-for-the-tech-behind-bitcoin

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The advancement in technology has allowed bitcoin to reach uncharted territory in the world of finance. It has allowed people to approach purchasing items in a whole new way. The rate in which people are using bitcoin is constantly growing; the new way of transactions has allowed a prosperous future to develop.
  • for example, bitcoin plunged 31 per cent at one point in September and again 10 per cent last month, only to regain all losses and more in just a couple of days.
  •  Bitcoin was first launched in 2009, and more than a thousand digital currencies are in existence today with an aggregate value north of US$300 billion (S$404 billion).
  • The amount of economic value created could be as high as US$ 300 to US$400 billion globally by 2027, according to UBS estimates.

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