10 Dec 2013 / Foxycart.com blog – “Why am I not accepting bitcoin?” This is the question you should be asking yourself. Some believe Bitcoin, the decentralized crypto-currency, is a revolutionary technology that could change the world. Others think it’s a Ponzi scheme where the early adopters profit at the expense of the new comers. (Side note: those who make this claim may not understand the definition of a Ponzi scheme).
Bitcoin ecommerce spending is up. Way up.
When I first looked into Bitcoin (the technology) in February of this year, you could get a full bitcoin (the currency) for around $17. As of this writing, that same amount is worth around $880 (today’s price can be found here). Worth noting, there are 100,000,000 divisions in each bitcoin, so any fractional amount can be purchased or used. There are a lot of bitcoin holders who are looking to spend their new found wealth. Bitpay supports 14,000 merchants who accept bitcoin payments and this past Black Friday they saw a 6,296% increase over last year……. Read more
http://www.foxycart.com/blog/why-shouldnt-you-accept-bitcoin#.UqdaE-LMv3V
By Luke Stokes | www.foxycart.com
