By Julian Hattem – 08/20/14 04:11 PM EDT
Bitcoin is growing up, according to the head of a financial trade group.
Electronic Transactions Association CEO Jason Oxman told The Hill in an interview on Wednesday that some companies using the virtual currency have begun to mature and join the ranks of traditional financial firms.
A string of bad publicity for Bitcoin and similar digital currencies requires “a lot of extra effort on the part of those legitimate and strong players in the digital currency world to overcome a lot of perception issues that were created by a few bad actors,” Oxman said.
“But I think they’re making great progress.”