After Six Months of Accepting Bitcoin, Ink Factory Says Bitcoin Not Right for Retail
There's a ton of retailers out there accepting bitcoin now. But if they all have one thing in common it's that customers paying with bitcoin are few and far between. Such is the case with British retail company Ink Factory, an online store that sells printer cartridges (and has accepted bitcoin since November 2013). The company says that the role of bitcoin in retail is overstated - adding that bitcoin and the blockchain has a "great future" - just not on the payments front. "In just over six months, the number of orders paid with Bitcoin has not reached three-figures and our largest order....
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Popular online computer hardware and software retail giant Newegg has announced it is now accepting bitcoin as a payment option - a move that had been widely anticipated by its customers. The Los Angeles-based company, which recorded $2.8bn in annual revenue in 2013, made the announcement today, saying it will use BitPay as the payment processor to convert bitcoin sales into US dollars. In a statement, the company's Chief Marketing Officer Soren Mills proclaimed that Newegg and bitcoin are a fit - primarily because of its customers' early adopter mentality: "Newegg's customers are among....
A sneaker manufacturer has used blockchain technology to create smart tags that can track their sneakers to the factory, so they are impossible to counterfeit, according to fastcodedesign.com. The manufacturer, Greats, tapped the services of a software authentication system and a 3-D printer to design the smart tags. The tags include an NFC chip that can be scanned with a smart phone. The smart tag records the sneakers’ history all the way to its creation. A Way To Battle Counterfeiters. The technology could prove to be a promising way to battle the $600 billion counterfeit fashion....