MerchantCoin to capture 5% of Visa-accepting merchants.
MerchantCoin to capture 5% of Visa-accepting merchants. According to their whitepaper published earlier this month, MerchantCoin estimates that it’s efforts will garner 5% of Visa accepting merchants to also accept bitcoin. “Merchant coin envisions a world where “Bitcoin is routinely accepted in payment for goods and services; Bitcoin lending, borrowing and investing is routine; Bitcoin’s standing and liquidity is equal to any other currency; Bitcoin is a household word. The XMC token was created to make this happen.” MerchantCoin launched it’s crowdsale at Coin Agenda in Las Vegas, Nevada....
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Most bitcoiners seem to be pursuing their own unique methods of increasing global bitcoin adoption. There are those who simply educate the merchants they frequent on the benefits of Bitcoin; on the other side of the coin, there are those who are planning on distributing bitcoins to an entire island nation. And now with MerchantCoin making an appearance on the scene, there's an actual cryptocurrency, altcoin to some, whose express goal is to increase Bitcoin adoption. MerchantCoin is the first digital currency whose sole purpose is to facilitate worldwide adoption of Bitcoin by....
Today marks the beginning of CoinAgenda, a Bitcoin conference made especially for Bitcoin investors. Companies from around the world are gathering in sunny Las Vegas to present their ideas to over a hundred hopeful investors that have or are interested in making moves in the digital currency space. One such Bitcoin company that is seeking new users (advocates) is MerchantCoin, a new cryptocurrency that exists to promote Bitcoin and greater cryptocurrency use where it is needed most: Merchants. Also read: MerchantCoin Incentivizes Bitcoin Adoption. According to their website: MerchantCoin....
Walmart Canada has decided to stop accepting Visa cards as it feels that the fees charged by Visa are too high. Can Bitcoin provide a viable alternative to high charging payment processors like Visa? Credit Cards – An Expensive Affair. Credit cards are popular among customers as they provide a convenient way to pay, at no additional cost. However, merchants who accept credit cards are charged up to 2.5% of the transaction value as fees. Merchants are also subject to chargebacks over disputed transactions, which eats into their profits. Strong duopoly controls the market. The payment....
Earlier this month MerchantCoin published their whitepaper. The following scenario is included in the paper and illustrates the MerchantCoin vision for a consumer and seller in the commercial sector who use the MerchantCoin ecosystem. “A Consumer is browsing the internet, seeking to buy a new sports watch. Finding a great deal and placing it in the shopping cart, he discovers that the Merchant accepts PayPal, Visa, Amex, XMC and BTC. Opening his mWallet, he discovers that he has enough crypto coin but not in a single currency. On the mGateway, he exchanges some XMC for enough BTC to make....
Article updated on 28th August at 11:59 BST. Coinbase, the bitcoin merchant service, has announced it will scrap processing fees for merchants until they make $1m worth of sales. Coinbase claims it is doing this to aid the adoption of bitcoin as a payment method by merchants. "We wanted to lower all barriers for new merchants to get started, and help highlight some of the economic benefits of accepting bitcoin." Coinbase said in its latest blog post. The removal of the transaction fee will clearly appeal to small-scale businesses who don't imagine they will reach $1m in sales for some....