There hasn’t been a lot of good news about the fairly recent cryptocurrency Bitcoin. This new digital money has been recently connected with the illegal dark net site Silk Road. Because of its lack of regulations, cyber criminals have become attached to it. Even though the currency has a bad rap, many experts believe there is some good for it, and it could help the Black community.
Nicholas Colas Approves
To some financial wizards, Bitcoin will fill a void in the Black community that is currently occupied by pre-paid cards and payday loan services. According to Nicholas Colas, chief market strategist for the brokerage firm ConvergEx Group, believes that Bitcoin can replace these predatory services.