BIT­COIN

De­mys­ti­fy­ing the peak­ing cryp­tocur­rency

FHM (Philippines) - - CONTENTS - WORDS JUJU BALUYOT IL­LUS­TRA­TIONS CARLO MAALA

In a nut­shell, bit­coin is vir­tual money, Bit­coin is a tool to re­al­ize the vi­sion of a true cash­less so­ci­ety. It is the money that may run the fu­ture dig­i­tal econ­omy.

To give us a clearer pic­ture of Bit­coin, we spoke with two key peo­ple: Miguel Cuneta, co­founder of the one of the big­gest bit­coin com­pa­nies in the Philip­pines, Satoshi Ci­tadel In­dus­tries (they’re bit­coin ex­change, trad­ing and hedg­ing on the vir­tual cur­rency); and celebrity host and busi­ness­man Paolo Be­diones, who’s also now the head of mar­ket­ing and com­mu­ni­ca­tions of Loyal Coin, a Filipino com­pany also in­vested in bit­coin. They weigh in on the risks and re­wards of get­ting into bit­coin, and if it re­ally is the fu­ture of money or just a pass­ing trend.

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