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...
Bitcoin’s digital currency payment is still getting traction with approximately 80,000 merchants accepting the payment worldwide. The numbers are predicted to increase throughout the years with the majority of merchants coming from e-commerce businesses. Notable sectors using Bitcoin include technology, computer, electronics, apparel retailers, food and travel services. Gone are stigmas that Bitcoins are only used for drug dealers and...
Bitcoin is gaining considerable steam in becoming one of the most accepted forms of digital currency in the world. Bitcoin is now the first interoperable payment network, to enable small amounts of money to be distributed throughout the world with a new “tip” button. Digital currency experts believe that this newest development will revolutionize how consumers support their favorite websites,...
There is quite the debate among those in the financial industries on whether Bitcoin will garner more attraction as time passes. If you are not familiar with this mode of payment, investors purchase Bitcoins and supply and demand makes them more or less valuable. Unlike gold or silver which has published values, Bitcoin values are in the virtual world because...
