Cyber currency Bitcoin taking off in Kansas City

kansascity14 Jan 2014 / – PRAIRIE VILLAGE, Kan. – Two Prairie Village attorneys just may be the first business people in the metro area to accept the cyber currency Bitcoin.

The attorneys recently started accepting the digital currency from clients as an alternate means of payment.

It’s a person-to-person exchange that occurs without the involvement of a bank worldwide.

“It will pay us to our eWallet in Bitcoins. It’s just that easy,” John Kennyhertz said, holding up his smartphone with his QR code – his account number – on the screen.

The digital form of currency was created in 2009 by an anonymous Internet user who goes by the name of Satoshi Nakamoto.

Nakamoto created a limited set of complicated codes – a computation theory – that has value simply because people believe it does.

Braden Perry said he has to do a lot of convincing to skeptics.

“I don’t think it’s any more imaginary than believing in a piece of paper that costs what the U.S. dollar is,” he said.

“You probably transact business over the internet all the time,” Kennyhertz added, “and you don’t actually use paper money but you still believe the transaction took place and in reality it did.”

Bitcoins can be used to buy merchandise anonymously, which has drawn many criminals to the site.

International payments are fast and cheap because Bitcoins are not tied to any country or subject to regulation.

The two law partners, who do international business, said they believe they will get more business because of their willingness to take Bitcoin as payment…… Read more

Follow Twitter

Exchange Rate