Israelis have been into Bitcoin for a while: you can buy Israeli olive oil with Bitcoin, there is a BTC exchange exclusively for shekels and the Tel Aviv Bitcoin Meetup has 14 members and an event coming up on January 4. Back in October, an Israeli floated the idea of a Bitcoin hacking space in Tel Aviv. But the Israeli media have been napping on the e-currency until now. Read More
A partnership between Bitcoin startup BitInstant (Brooklyn-based) and Georgia-based payments processor TrustCash means users can use BitInstant to pay for their BTC in cash by making a deposit at any of five major banks including Bank of America, Chase and Citibank. The process is a bit more involved than depositing to your own bank account; you must print or download a deposit slip from TrustCash, which alerts BitInstant of balances on 30-minute intervals. BitInstant then credits the BTC to the customer’s account, minus the appropriate transaction fees. ”It’s just like depositing money into a bank account, except in this case, it’s directly to your Bitcoin exchange/destination,” says a press release. Read More
