Obama Declares Bitcoin A National Currency

In an unprecedented federal government-sponsored collaboration, President Barack Obama and White House leaders, including the CFPB, have come together to open up a national dialogue about one topic that’s been creating a lot of buzz in the media: getting rid of cash in favor of a trusted digital currency known as bitcoin.

The bill, sponsored by former Republican presidential candidate Rand Paul, is expected to get the President’s signature at the White House Bitcoin Summit next week where he’ll finalize the measure with some newfound bitcoin supporters by his side.

This includes major executives across the payments and commerce ecosystem, including: MPD CEO Karen Webster, the CEOs of the nation’s top banks and the CEO of Amazon, who has enabled bitcoin acceptance on its eponymous website. A celebrity guest appearance will reportedly be made by the infamous Iron Mike — Mike Tyson — who is said to be helping install the first bitcoin ATM

Read more ... source: TheBitcoinNews