Funded last June by four Spanish engineers, Coinffeine is developing a system that promises to combine a distributed exchange with existing financial infrastructure. The desktop application, described by the company as ‘like Bittorrent for your bitcoins’, will be launched the next January. "The big innovation here is the Coinffeine protocol, a mathematical model based on Game Theory," says the company in a statement. "This protocol ensures the safety in the Fiat-Bitcoin exchange without a trusted third party and in a automatically way, offering the same experience as a traditional exchange thought the transactions are really P2P." The funding usually comes with a caveat that the bank can adopt the finished product in early adopter mode.

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