Ellenet announces digital currency payment method

The National Australia Bank may have severed all ties with Bitcoin, but ironically, it's not stopped Ellenet, a major Australian IT firm, from getting involved with Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, as they've just announced they shall be accepting Bitcoin and Litecoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

They mentioned,

“Crypto currencies are the future, it’s plainly obvious and people need to understand that Bitcoin and other coins are not going away. Without sounding terse, you can’t stop progress.”

Ellenet are already involved with digital currencies, since they have a close relationship with Petabit, a crypto coin mining company, further commenting,

"Working with Petabit, we are able to provide many other crypto currency services in the coming months and provide opportunities to Australians that currently do not exist."

Indeeed, this is becoming a familiar trend, as more national institutions try to hamper digital currencies, more entrepreneurial institutions are seeking to build rapport with the burgeoning industry.