Los Angeles tech public relation firm PMBC Group’s client’s Glidera was recently featured on The Bill Lumaye Show on WPTF Radio. Talk show host Bill Lumaye discussed the Bitcoin industry with Glidera’s founder and CEO, David Ripley.
Due to its growing popularity, Bitcoin, which is a digital decentralized distributed currency, has been a constant trending topic in the media. Bitcoin allows users to easily transfer value from one person or company to another quickly at a very low cost. David Ripley believes that one of the biggest appeals of Bitcoin is that you can transfer Bitcoins to anybody, anywhere in the world without having to worry about factors such as exchange rates.
Many merchants now accept Bitcoin including the likes of Dell, Amazon, Target and Subway. To purchase anything with Bitcoins, a Bitcoin wallet is needed. A Bitcoin wallet allows users to hold, access and transfer their Bitcoins with ease. There are currently over five million Bitcoin wallets available. Glidera is the latest and most secure Bitcoin wallet to emerge int his group and where other virtual wallets implement a two-key signature architecture, Glidera uses a three-key signature architecture to provide their customers with the utmost amount of transparency and user control.
A significant benefit of Bitcoin over other parts of the financial system is the lower costs and security. Bitcoin has a secured store value where the security architecture is based on encryption, making it drastically different to a credit card system. Bitcoin is also an open system so anyone can join and participate without having to worry about background or credit checks. Ripley makes a point in the interview that “this is the first time we’ve seen financial services available on an open platform.” With Bitcoin, people can achieve a high level of security without having to turn over control to a third party.