Retailers Turn Their Backs On Booming Bitcoin: Trade Magazine

Retailers Turn Their Backs On Booming Bitcoin: Trade Magazine

Bitcoin’s uptake with popular and leading online retailers has been slow, but since its rapid surge in value and interest recently, it has regressed. Fewer, rather than more, retailers are accepting Bitcoin as a form of payment. Last year five retailers in the world’s top 500 biggest online stores were accepting Bitcoin according to the publication Internet Retailer, now, however, it has emerged that the figure is down to just three. Where is the growth? It is a perplexing discrepancy in the growth of Bitcoin to its acceptance by online merchants, as noted by Morgan Stanley payments....


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Quotes

We don’t want to lead with 'anonymous.' I am definitely not making any such taunt or assertion [that] 'The developers expect that this will result in a stable-with-respect-to-energy currency outside the reach of any government.'

Satoshi Nakamoto, Bitcoin Developer