Bitcoin in Business: Why don’t most Businesses Accept Digital Currency?

Bitcoin in Business: Why don’t most Businesses Accept Digital Currency?

Bitcoin is in a unique place right now, it has the ability to help businesses increase their revenue and decreases transaction fees paid for point-of-sale transactions. Many businesses have started to accept Bitcoin payments for goods and services, but many still don’t — despite the number of Bitcoin payment processing companies that allow businesses to convert Bitcoin to fiat currency instantly to avoid market fluctuations. So why do most businesses in the world still continue to operate without Bitcoin? There are many factors that determine if a firm will accept Bitcoin. The largest....

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Over 4,100 Bitcoin Businesses Are Now Listed on

Another milestone in the bag for - a resource that helps bitcoin users find business that accept bitcoin (and litecoin) local to them. It would appear as if 4,100 businesses that accept the bitcoin digital currency are listed on the website, which boasts an easy-to-navigate map with markers depicting a bitcoin-friendly business. To give you a better idea as to how fast the crypto-communtiy it growing, in early December just about 1,800 businesses were listed. Of course, it's not a representation of all bitcoin-accepting businesses out there for a number of reasons. The first of.... Surpasses 2,000 Bitcoin Businesses

Over 2,000 businesses that accept bitcoin have been added to That's according to the counter at the base of the website, which pegs the figure at 2038 bitcoin businesses and 107 litecoin businesses. Our last update on the topic (about ten days ago) put the number of business as "approaching 1,800" so the database of business is certainly expanding rapidly. was developed to allow bitcoin holders better find businesses in their area that accept the digital currency.

Nearly 4,000 Bitcoin-Accepting Businesses Listed on

It's been a little while since I've paid a visit to, admittedly. The last time I posted about this useful little service was in early February, when about 3,000 businesses that accept bitcoin were listed. Fast forward to today, and find that nearly 4,000 bitcoin-accepting businesses are marked on this map on six continents. Actually, there number is 3,938, but we reckon it will reach the 4,000 mark in the matter of a few days. Back in late December, had crossed the 2,000 business mark, so you see bitcoin acceptance is continuing its amazing growth around the world.....

BitPay CEO Says Businesses That Accept Bitcoin Should Have a Basic Understanding of the Technology

With thousands of businesses around the world beginning to accept bitcoin, you have to ask: what's the real reason? Are they genuinely attracted to the benefits bitcoin offers merchants? Are they doing it for publicity? It probably doesn't matter. But with services like BitPay and Coinbase that make bitcoin acceptance easy as can be, you can probably bet a good number of these crypto-friendly businesses don't know very much about it - only that many others are joining the parade. But according to BitPay CEO Tony Gallippi (in an interview with Bitcoin Owl), businesses who accept bitcoin....

Study: Half of US Small Businesses Aren't Ready to Accept Bitcoin

A new study suggests that consumers and businesses in the United States remain apprehensive about the prospect of using digital currency, as well as digital payment tools and platforms currently available on the market. Software research firm Software Advice surveyed roughly 400 small business owners and customers, who answered a series of questions regarding their willingness to use digital currencies should they become more widely adopted. About two-thirds of consumer participants suggested that they are unlikely to use bitcoin or other digital currencies, with 49% specifying that they....


Spend some time with Bitcoin. Learn it, challenge it, and use it. You can assume no government wants you adopting this system in any capacity, and for that reason alone it’s worth consideration by honest, moral, and industrious people. Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce.

Eric Voorhees, co-founder of the Bitcoin company Coinapult