Here are just some of the many startups that have arisen to help people use the virtual currency Bitcoin.

  • BitInstant (New York): Platform for instantaneous Bitcoin transfers.

  • Bitpay (Atlanta): Lets customers of businesses ranging from software-makers to auto dealerships make payments in Bitcoin, then transfers cash to those merchants.

  • Coinbase (San Francisco): Makes a "virtual wallet" that lets users buy Bitcoin and pay for goods and services with it.

  • CoinLab (Seattle): Backed by Silicon Valley investor Tim Draper. Recently tried teaming with leading Bitcoin exchange Mt. Gox; the partners, however, are now in court.

  • Lamassu (New Hampshire): Has developed an ATM to instantly turn dollar bills into Bitcoin.

  • OpenCoin (San Francisco): Cofounded by E-Loan's Chris Larsen, it has created a payment system to transact various currencies, including dollars, Bitcoin and a new alternative, Ripple.

  • Tradehill (San Francisco): Runs a Bitcoin exchange that competes with Britain's Bitstamp, Russia's BTCE and Tokyo-based Mt. Gox, among others.

    Source: Staff research



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