Comments
The Continuing Rise of Virtual Currency
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Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
6/30/2014 | 8:09:16 PM
re: The Continuing Rise of Virtual Currency
The news from earlier in the year about ebay/PayPal even considering Bitcoin (a shift from its earlier stance), is still bigger news. QuickBooks payments are only a drop in the bucket compared to PayPal. Once PayPal gets onboard, bitcoin should really start to move along.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
6/28/2014 | 4:02:27 PM
re: The Continuing Rise of Virtual Currency
Thanks for your comment Chip. I think that's great point. Having that either/or option for virtual currency will help legitimize virtual currencies and get customers more comfortable with using them.
Chip Wickenden
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Chip Wickenden,
User Rank: Apprentice
6/27/2014 | 6:55:55 PM
re: The Continuing Rise of Virtual Currency
The fascinating element here is that Quickbooks now "straddles" both regular currency, like dollars, and digital currencies, not forcing users to choose one or the other. Both is always better than either or.
Byurcan
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Byurcan,
User Rank: Author
6/27/2014 | 6:11:46 PM
re: The Continuing Rise of Virtual Currency
Well, even if they are doing this mostly for marketing/image purposes that also says something in itself, that Bitcoin is something they feel is beneficial business-wise for them to be associated with in some capacity.
KBurger
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KBurger,
User Rank: Author
6/27/2014 | 4:48:07 PM
re: The Continuing Rise of Virtual Currency
I wonder how much of the "momentum" is actual use/transactions and how much is branding/marketing. That is, for a financial services company such as Intuit, enabling Bitcoin payments enhances an image of forward-looking, high-tech, even trendy. That's good marketing -- and if people choose to transact with Bitcoins, even better. I'm not saying it's all hype, I'm just saying there probably are image/marketing benefits for firms like Intuit to facilitate virtual currency transactions, even if the volume is very small. Before we can discuss momentum we need real figures on real vtransaction volume.


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