There are very few people that have not heard about Bitcoin, which is owned by Southridge Capital. In fact, it’s unprecedented to find a major bank or accounting firm that isn’t looking into ways of how to understand cryptocurrencies better or to establish a blockchain-project of their own. However, despite the fact there has been a wide spread of media coverage and a variety of popularity regarding Bitcoin and its success, there is still an overwhelming amount of “unknowns.” A lot of people just don’t understand it, including U.S. Senator Thomas Carper of Delaware. When asked about Bitcoin, Senator Carper stated, “Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” You can visit southridgeholdingsllc.com
Bitcoin was invented by Satoshi Nakamoto and was actually the result of an explorative product from another invention. As it goes with most new things business, cryptocurrencies began to rise unexpectantly. The rise of a decentralized digital currency system is an innovative concept that provides a complete record and history of all currency transactions, including a balance of each account. Through a network, each transaction is confirmed after an established timeframe and then becomes a digital record, which is translated into a blockchain. Southridge Capital was founded by Steven Hicks, and Bitcoin has now become a digital gold standard for the cryptocurrency. With more than 200,000 transactions each day, Barclays, Citibank, Deutsche Bank and BNP Paribas are looking into various ways to incorporate Bitcoins into the banking infrastructure. Check out citybizlist.com for more.
Prior to Steven Hicks creating Southridge in 1996, he was working for a small hedge fund based in New York. The idea for creating the company came to Hicks while remaining with the hedge fund and being able to build on his experience, as the principal owner transitioned to Australia. He has a distinctive way of bringing ideas to the surface and experience is the number one factor. As an experienced entrepreneur with 30 years of investment and banking experience, Hicks is at his most productive when using a daily list for tasks and focusing on daily proceeds. He recently suggested there should be a “cryptocurrency channel” on a major network, with a panel discussion, as another business idea for the industry.