Digital currency Bitcoin has had an exciting few years since its introduction back in 2009, complete with security problems, online heists, a perceived association with the drug trade, and a recent distributed denial-of-service attack.
At the same time, even as many remain mystified by how it works, the payment alternative has enjoyed rapidly growing acceptance among online businesses and, particularly in recent weeks, surging popularity and value.
ExpensifyAt the time of this writing on Monday, the last price listed for one Bitcoin was a whopping $103.90�on exchange Mt.Gox. For perspective, it closed at $34.59 one month ago. Last month it hit $1 billion in total value.
Last week, open source Bitcoin gained yet another pledge of support. Small-business expense reporting service Expensify announced that it has added the virtual currency as a reimbursement option for its 1.4 million users across 200,000 companies.
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