Bitcoin News Mash-Up: Lawsky ’s Explanation; Bitcoin Inconvenient; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Benjamin Lawsky Denies Offering Bitcoin Consultancy Services

Former New York Department of Financial Services superintendent, Mr. Benjamin Lawsky, recently denied rumors that related his new consultancy firm as an expert on BitLicense. The ex-financial regulator reminded media of his obligations as a former NYDFS official which bars him from offering consultations on anything regulated by the agency. You can read the whole report here.

New Research Lists Bitcoin among the Most Inconvenient Payment Methods

A new research, conducted by global payment company Blackhawk Network Holdings, listed Bitcoin among the most inconvenient methods. The participants favored cash, credit card and other traditional methods over disruptive payment method like Bitcoin, probably due its infrastructure that seems complex to novices at first look. You can read the whole report here.

Blythe Masters Praises Bitcoin Technology

In her opening speech at American Banker’s conference, ex-JP Morgan official Blythe Masters recognized the gigantic potential of Bitcoin’s underlying technology, the blockchain, among the financial institutions. She predicted that the technology will be utilized first for post-trade processing, rather than payments, derivatives or securities solutions. You can read the whole report here.