Why Bitcoin’s Growth Should Explode – Yahoo Finance
Consumer Financial Protection Bureau outlined several of bitcoins potential dangers, including vulnerability to hackers, limited security, excessive costs and scams. It also announced a system that accepts virtual currency complaints . Though virtual currencies have become increasingly integrated into society, with states , companies , political organizations and even schools approving their use, the Internal Revenue Service has not granted it legal tender status in any U.S. jurisdiction. Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market, CFPB Director Richard Cordray said in the statement.
WASHINGTON: Digital currencies such as bitcoin carry significant risks, feds warn | Economy | McClatchy DC
It amped that figure thisyear. The company has a goal to have 1million merchants using its platform by the end of 2016. Its a massive objective, given that the company is implicitlyhoping to grow its merchant base by 25Xin less than a year-and-a-half. BitPay is an interesting company, as it provides wallet-agnostic bitcoin payment processing transaction tipping, if you were curious, is taken care of by the paying party, not BitPay itself. As such, the companycan offer stronger margins than traditional payment providers who accept dollars and so forth. BitPays pitch to merchants is therefore simple: Use BitPay for free, accept bitcoin-based sales that might expand your total transaction volume, and even if they dont, you might save a few points on the sales that shifted from traditional currencies to bitcoin, as the bitcoin transactions were free.
Bitcoin Made Anonymous By BitcoinDark’s Unprecedented Cryptocurrency Teleport Technology – Yahoo Finance
BitcoinDark is not just an innovative anonymous cryptocurrency: it is an evolving toolbox of cutting edge technology for cryptocurrency developers and enthusiasts worldwide. With its collaborative spirit, planned super network of many different cryptocurrencies utilizing BTCD core infrastructure, anonymous transactions for Bitcoin and other cryptocurrencies, decentralized InstantDEX currency exchange and much more BitcoinDark is not just a cryptocurrency but a revolutionary digital currency infrastructure. To trade Bitcoin for BitcoinDark please go to: https://bittrex.com/Market/Index?MarketName=BTC-BTCD Official bitcointalk thread: https://bitcointalk.org/index.php?topic=684090.0/ * This press release is for informational purposes only.
BitPay Staffs Up In San Francisco With Visa, PayPal Alums
Bitcoins price has fallen by as much as 80 percent in a single day. Consumers who use or invest in virtual currencies are stepping into the Wild West, the bureaus director, Richard Cordray, said in a statement. Virtual currencies may have potential benefits, but consumers need to be cautious and they need to be asking the right questions, Cordray said. In addition to issuing the advisory, the bureau announced Monday that it will start collecting consumers complaints about virtual currencies on its website, http://www.consumerfinance.gov. An official with the trade group Bitcoin Foundation shrugged off the advisory as standard practice. There are consumer risks around new technologies, and even-keeled educational material from government agencies can help make consumers aware and savvy, Jim Harper, Bitcoin Foundations global policy counsel, said in a statement. In response to Cordrays characterization of the digital currency market as the Wild West, Harper said new ideas from credit cards to the Internet always started as unknowns that became familiar over time as the market matured.
Bitcoin is the same idea — send money as fast, cheap and easily as sending an email. To realize that vision, two things need to happen: infrastructure needs to be built and a critical mass of people need to have bitcoin. Related Link: Signs A Bitcoin Tidal Wave Is Forming To Disrupt Business The Coming Explosion Bitcoin is very easy for companies to integrate. Dell and Overstock both implemented bitcoin payments one week after making the decision to go bitcoin.