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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Another milestone in the bag for Coinmap.org - 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....
Over 2,000 businesses that accept bitcoin have been added to Coinmap.org. 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. Coinmap.org was developed to allow bitcoin holders better find businesses in their area that accept the digital currency.
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....
It's been a little while since I've paid a visit to Coinmap.org, 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, Coinmap.org had crossed the 2,000 business mark, so you see bitcoin acceptance is continuing its amazing growth around the world.....
Coinmap.org has a simple mission. To point out, on a map, where businesses that accept Bitcoin as a form of payment exist. And as the value per Bitcoin has gone up tremendously, the community is seeing more and more business owners interested in accepted the digital currency. So it's probably not going to come as a surprise when we're told Coinmap.org is getting in the neighborhood of 40-50 new businesses added daily. That's according to this post on Reddit by Ren Sylvain. Thus far, about 955 business have been added in six continents - 550 of which have been added in the last month. At....