Move over credit cards: Cryptocurrency is the future of retail Blockchain may still be in its early stages–, but if recent trends can tell us anything, it’s that this and the next few years are set to establish the technology as a dominant force in e-commerce. Essentially, a cheat-proof ledger that monitors and authenticates financial transactions, blockchain has been widely...
Virtual currency can be characterized as a type of unregulated, digital money that is issued and sometimes controlled by its developers. It’s used and accepted among the members of a specific virtual community. The most famous virtual currency is bitcoin. Need a Bitcoin Merchant Account? Bitcoin is a public-ledger distributed virtual currency, which means anyone can see everyone else’s bitcoin...
The world’s 2 major cryptocurrencies, Bitcoin and Ethereum, are facing growing problems. This could bring its impact on their character and play a decisive role in shaping their fundamental purpose in the upcoming years. Bitcoin, the largest digital currency at a market capitalization of $42.6 billion remains an unstable investment. Meanwhile, its users are struggling with rising fees and its...
Operation Choke Point has negatively impacted a number of small-business owners. They have their bank accounts closed and credit lines cancelled. Shutting Down Merchant Accounts Operation Choke Point is an initiative by the US Department of Justice, which was announced in 2013. It aims to investigate US banks and the business they are running with payday lenders, payment processors, and...
Recently a document was leaked that discusses the possible separation of the Bitcoin Foundation into two separate organizations. The separation would create a brand new entity to fund core development. The remainder of the Bitcoin Foundation would continue its work as a promotional organization supported by its current membership. This leaked document has made some question the health of the...
Bitcoin is a rather new concept. Well, not too new but there is a large number of people out there who haven’t even heard about the digital currency yet. Apparently, this could change in the next few years if advocates of the currency get their wish. As Bitcoin struggles to gain mass appeal, lovers of the currency have started thinking...
It’s been nearly 20 years since people started using credit cards to access adult content online. Before that, probably there wasn’t any adult content on the internet because the internet was just at its infancy stages. But, back on topic, as consumers continue to demand increased privacy, providers of adult content have been working extra hard to find viable options....
In a survey conducted by the Wall Street Journal, it was found that 76 percent of US residents are not familiar with Bitcoin. In addition, 80 percent would rather go with gold than Bitcoin. Bitcoin technology was introduced to the World Wide Web around five years ago, but it has yet to become a household name or a widely used...
Digital wallet technology is changing the way that merchants interact with customers across the globe. Bitcoin is one of those technologies that make location irrelevant. Bitcoin is a form of digital currency that can be transferred from one user to another without calculating currency exchanges or going through a traditional payment processor like a bank. Recently Coinbase, a Bvitcoin wallet...
The value of bitcoin is beginning to expand beyond, well, bitcoin value. The mercurial online currency is based on a powerful peer-to-peer technology that is becoming recognized for it’s application and potential in other areas like information security. In recent years major retailers and even governments have struggled with data security. Bitcoin’s self-contained infrastructure offers potential in data security that...
