Comments
Why Some Retailers Are Accepting Bitcoin
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Becca L
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Becca L,
User Rank: Author
11/29/2014 | 3:54:49 PM
Re: Why not cash?
Great story, Jon, I really like these examples. Agreed it seems ridiculous for bitcoin to be used in brick and mortar, shops, and online shopping is pretty much king anyway. The point was made that people who have bitcoin are itching for outlets to spend it, so there's not only security to it, there's a competitve advantage.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
11/25/2014 | 1:16:44 PM
Re: Why not cash?
Both of the examples in this story are online-only retailers. So most of their transactions are card transactions. And as you can see in the article, they're having a lot of trouble with those card transactions. But brick-and-mortar locations seem to have little need for accepting Bitcoin when they can take cash. There are very few brick-and-mortar stores that will take Bitcoin transactions, and I don't think that will change any time soon.
AuthNews
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AuthNews,
User Rank: Apprentice
11/24/2014 | 11:35:19 AM
Why not cash?
Nice post Jonathan, but doesn't cash solve the same problem for retailers without the hassle (setting up and managing an account) or risk (extreme fluctuations in currency value) for the buyer?


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