November 23, 2015
Bitcoin is a virtual monetary system which is a peer-to-peer currency with no central bank. It is based on digital tokens with no intrinsic value.
An outstanding innovation in 21st century payment, bitcoin gained popularity in the FinTech industry in its initial phase but gradually, it seems to look like the virtual currency is losing its charm.
Seeing the fluctuations and multiple security issues faced by bitcoin, the confidence level in bitcoin is diminishing among users. Here are some negative quotes from some renowned personalities from the FinTech industry: