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This is Scientific American's 60-Second Tech. I'm Larry Greenemeier. Got a minute?

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Virtual currency was on the ropes earlier this year.

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Bitcoin, the preeminent peer-to-peer online payment system, saw its value slashed by more than half after its largest exchange was hacked and shut down.

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Yet the fortunes of cryptocurrency have recently rebounded.

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Apple used to block programs from its App Store that managed or otherwise dealt in bitcoin and its ilk.

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Now, though, Apple will allow iOS developers to support the use of certain cyber coinage.

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Apple has yet to say which of the dozens of cyber currencies out there it will now honor.

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Meanwhile, satellite TV provider Dish Network will soon start letting its 14-million household subscribers pay their monthly bills using bitcoin.

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And rapper 50 Cent is accepting bitcoin as payment for his latest album.

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By the way, at this moment's exchange rate, 50 Cent would also be known as 0.00075 Bitcoin.

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Not as catchy.

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Such high-profile endorsements should help bring cyber tokens closer to the mainstream, even though there's a risk that they'll go down in value once you buy them.

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Still, U.S.consumers might be open to the idea.

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They've been hooked on a virtual currency for decades.

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It's called credit cards.

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Thanks for the minute, for Scientific American's 60-Second Tech. I'm Larry Greenemeier.

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