People Have Heard About Digital Currency, But They Really Don’t Understand How It Operates.

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GenCoin, the fictional digital currency used in the show, loosely represents bitcoin, currently world’s largest digital currency. Given that it’s difficult to regulate and trace, some say it’s an ideal vehicle for criminal activity such as money laundering. Brian Stoeckert, of Stratis Advisory and a risk management and money laundering expert, served as a consultant to the show in an effort to inject the narrative with accuracy. He explained to CNBC in a recent bitcoins for backpage interview that the idea of a cryptocurrency is still relatively unknown to the broader public. “People have heard about digital currency, but they really don’t understand how it operates. They just see it on the headlines,” Stoeckert told CNBC. “This is one way they can follow a story line and get a unique perspective on it,” he added. Getty Images Cranes are seen against the skyline as condo’s are built in Miami, Florida. “StartUp” is launching at an auspicious time. Actual trading volume in digital currency has surged to records this year, according to data from Bitcoinity, while cybersecurity has arguably never been a hotter topic. Last year, cyberspending soared past $75 billion, according to research firm Gartner, fueling growth for a relatively new industry and prompting everything from new jobs to countless headaches for companies fighting to stay secure.

source: http://www.cnbc.com/2016/09/02/new-streaming-show-startup-rides-bitcoin-fintech-crazes.html

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