With the shutdown of Tokyo-based Mt. Gox, once the world’s largest exchange for digital currency transactions, other companies in the Bitcoin universe worked to defend the nascent industry’s reputation.
During the week, Jesse Brown, 34, works as a personal banker at a Wells Fargo & Co. branch in Vienna, Virginia. On weekends, he sells coffee machines and occasionally goes to area farms to shear sheep.
Entrepreneurs from Silicon Valley to Wall Street say they don’t care much for Bitcoin as a currency to supplant the U.S. dollar. As a payment technology they could use to undercut Visa Inc., Western Union Co. or Citigroup Inc., they say they like it a lot more.