Bitcoin gains legitimacy with US government, companies

Bitcoin, a virtual currency, was recognized by the US Department of Justice as a “legal means of exchange” last week, and the number of companies accepting it in payment continues to grow. The most recent additions to the Bitcoin club include Virgin Galactic and Europe’s University of Nicosia.

A number of smaller companies also accept Bitcoins for products and services, as does Etsy,GadgetsDirectWordPress, Reddit and NameCheap.

Read full article at Hypergrid Business.