Why more businesses may adopt bitcoin

businessadaption12 Jan 2014 / USA Today – U.S. businesses are helping the controversial cryptocurrency make a price comeback.

Forget the regulatory crackdown in China. U.S. businesses are helping the controversial cryptocurrency known as bitcoin to make a price comeback.

On Saturday, Zynga, the San Francisco-based social game maker, quietly took to Reddit to announce that it’s now accepting bitcoins as a form of in-game payment. The pilot program, which Zynga is working on with bitcoin payment processor BitPay, will be offered for seven games including Farmville 2 and Castleville.

“Zynga is always working to improve our customer experience by incorporating player feedback into our games,” the company’s Reddit post said. “We look forward to hearing from our players about the bitcoin test so we can continue in our efforts to provide the best possible gaming experience.”

Almost immediately following the news, the digital currency’s value began to climb. By Monday morning, it had topped $1,000, then fell below that mark a day later on the online Mt.Gox exchange. The recent increase comes on the heels of a dramatic dip, after regulators in China enacted a crackdown on the digital currency in mid-December that caused BTC-China to stop accepting deposits in yuan. That news had sent bitcoin prices tumbling nearly 50% from a Dec. 4 record-high of $1,238….. Read more


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