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Will Bitcoin Ever Rival U.S. Dollar?

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Will Bitcoin Ever Rival U.S. Dollar?

Business

Will Bitcoin Ever Rival U.S. Dollar?

Will Bitcoin Ever Rival U.S. Dollar?

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  • <iframe src="https://www.npr.org/player/embed/245149077/245149270" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Bitcoin is an online currency backed by nothing except faith that others will accept it. A young American couple wondered how far could they could push it. The Wall Street Journal reports the couple traveled to three continents, and managed to persuade merchants everywhere to accept the currency. Almost everywhere — they did go hungry for a night in Stockholm.

RENEE MONTAGNE, HOST:

Business writers speculate on how much longer the U.S. dollar will remain the world's global currency. For now, it's hard to see any possible rival to the dollar, though there's always the Bitcoin, the subject of our last word in business

STEVE INSKEEP, HOST:

The Bitcoin, you'll recall, is an online currency backed by nothing except faith that others will accept it. And a young American couple wondered how far they could push it.

The Wall Street Journal reports the couple traveled to three continents, and managed to persuade merchants everywhere to accept this currency.

MONTAGNE: Almost everywhere - they did go hungry for a night in Stockholm.

And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

INSKEEP: And I'm Steve Inskeep.

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