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Tuesday, 21 October 2014

Why Bitcoin Needs an ISO-Certified Currency Code

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A formal ISO currency code will spur global mainstream adoption of bitcoin more than any other single action.


When a new currency code becomes adopted by the independent and nonpolitical International Organization for Standardization (ISO), it immediately enters the database tables upon which Visa, MasterCard, PayPal, SWIFT, and other clearing networks rely.


ISO 4217 is a standard published by the ISO, which delineates currency designators, country codes (alpha and numeric), and references to minor units in three separate tables.


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