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ARTICLE · 22 FEBRUARY 2014

Bitcoin: A Future Currency For M&A Transactions?

On December 24, 2013 Blockchain.info announced its acquisition of ZeroBlock, a cash transaction conducted entirely using digital currency, bitcoin.

CanadaCorporate/Commercial Law

On December 24, 2013 Blockchain.info announced its acquisition of ZeroBlock, a cash transaction conducted entirely using digital currency, bitcoin.

Bitcoin is both a network enabling a new payment system as well as a digital currency that is exchanged through the network. It uses cryptography to control the creation and exchange of the currency, rather than a central authority. Bitcoin operates through a mobile application or computer program that allows users to send and receive bitcoins through personal bitcoin wallets. Bitcoins can be acquired in exchange for fiat currency at bitcoin ATMs and are increasingly accepted by commercial retailers for goods and services. ZeroBlock is an example of a bitcoin mobile application while Blockchain.info is the original and dominant bitcoin wallet.

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