Bitcoin Keeps Making Inroads With Small Merchants
One of bitcoin’s most-often cited challenges is the need for widespread merchant adoption. In examining this issue, bitcoin researchers often note that only a handful of big-name merchants like Tiger Direct accept bitcoin. What often gets less attention is the benefits small merchants are finding with bitcoin; the reason being that smaller merchant adoption is harder to track. High Violet Salon and Spa in Wisconsin Dells, a tourist city in northern Wisconsin, has embraced bitcoin for the same reasons that many other businesses have – lower transaction fees, ease of use, and the option of....
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BitPay Inc, one of Bitcoin's lead payment processing companies, has just announced that it has surpassed 10,000 merchants. BitPay now provides services to merchants in 164 countries with approximately 50% in North America, 25% in Europe, and 25% in the rest of the World. During the month of August, BitPay processed over 10,000 transactions reaching a total value of over $6.4 million. As Bitcoin is becoming more mainstream many merchants are looking for expedient ways to sell products for BTC and BitPay is on the radar. With a Year-to-date in 2013 of over $34 million worth of bitcoins, a....
The NCR Silver cloud-based POS system for small businesses is now offering merchants the ability to accept bitcoins as a payment method. After registering with a bitcoin processors, merchants only have to activate bitcoin as a payment option within NCR Silver. Using NCR Silver, smaller businesses such as coffee shops, books stores, cafes and food trucks will be able to accept bitcoins without adopting a new POS. NCR Silver is offering this integration for free to merchants using their system. Also read: Partnership with Micropayments Provider Optelo Brings Bitcoin to 10,000 New Merchants.....
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Following the announcement of a disappointing closure of a Ugandan subsidiary in October, Binance — the world’s largest cryptocurrency exchange — released a blog post yesterday indicating that another initiative, Binance P2P, is making strong inroads across the world’s second-most populous continent. Titled “P2P Merchants: Facilitating Freedom of Money in Africa,” the post highlighted the peer-to-peer trading program’s growth in the region throughout the year — most notably stating that Binance....
Running a bitcoin payment gateway is nothing short of big business. Thousands of merchants around the world rely on these services to allow for the acceptance of bitcoin with limited risk - allowing them to instantly exchange the digital currency for local fiat and avoiding potentially costly fluctuations in price. Take BitPay, for example. The company has grown exponentially in the past couple of years, going from 1,000 merchants signed up in September 2012, to 10,000 merchants a year later in September 2013. They've since accumulated about 30,000 merchants globally, making them an....
What if a Bitcoin-accepting marketplace were welcoming to small merchants, a la Etsy, while at the same time offering the vast wares of online giant Amazon? If all goes according to plan, Purse will compete as just such a marketplace with their launch of Purse Merchants. Purse Merchants is now in beta phase, offering early access that’s already been....