Newsweek Becomes First Magazine to Accept Bitcoin …PR Pitches

newsweek08 Feb 2014 / Newsweek – Spurred by a host of recent converts to the peer-to-peer digital currency, Newsweek has become the first magazine to accept Bitcoin PR pitches. The digital currency’s visibility in popular retailers remains modest, but its presence in our email inboxes has frankly never been higher.

If the volume of recent press releases is any indication, Newsweek will be shortly accompanied by the first Indian e-Commerce store, Swiss dentist, HFT service provider, and public university to embrace the currency form.

Founded in 2009, Bitcoin transactions take place through a digital mining process and attracted a generous heaping of notoriety with the 2013 bust of Silk Road, the online black market for drugs. So goes the currency’s reported association with “seedy online activities.” But conventional retailers have taken to the payment with less enthusiasm, as, an interactive display of Bitcoin-accepting businesses, illustrates.

Still, out of the wilderness have emerged a spate of pioneering businesses — cryptocurrency converts, you might call them, lured by low transaction rates and new customers expected to step away from Reddit long enough to spend their daily digital bread….. Read more

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