According to Alix Resources’ report, Canadian-based mining company, will pay Ridge Resources, a contractor, in Bitcoins for exploration work to be carried out at a property that contains tungsten.
After the work is done, Ridge will quote payment in Canadian dollars and Alix will convert the price into the digital currency. The company says such a means is innovative and original. Alix plans to use Bitcoins further. Alix Chief Executive Officer Michael England told Bloomberg that the company regarded Bitcoins as a perspective currency. “There’s a lot of expectations that Bitcoins are going higher, so why not start accumulating?” England said.
Alix is engaged in several small-scale projects on extraction of non-ferrous metals in Canada. The company’s shares are traded at the Toronto Stock Exchange, the capitalization is only AUD $2 million (about $1.9 million). In fact, for the last several weeks Bitcoins have increased considerably. If in mid-October one Bitcoin cost $150, then on November 13, the price reached almost $390. A sharp rise of the value was observed earlier as well. In particular, this spring, Bitcoins have increased in price from $40 up to almost $240, less than for a month. Then the currency plummeted to $80. Bitcoins have such drawbacks as volatility and low protection from being stolen. As far as cryptocurrency is blocks of digital code and data is stored on the unsafe sites, hackers hack online wallets and steal data. On November 8, the Australian website inputs.io. announced the hacker attack and Bitcoins were stolen. On November 13, it was known that hackers attacked the Czech online bank.
