German Federal Bank president sees bitcoins as niche

Friday 27 December 2013 | 10:53 CET | News
The president of the German Federal Bank has said that bitcoins are no alternative for money as we know it, according to German magazine WirtschaftsWoche citing from an interview with the president Jens Weidmann. Weidmann said the digital coin is a niche service and the current large interest in bitcoins comes from high yield expectations.

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