The Chinese Bitcoin Economy: Are the Hundred Flowers Here to Stay?
The Bitcoin community continues to flourish as new developments are made in the area of wallet security and open source web-based wallet services. As Bitcoin grows in value and utility more users are interested in secure wallets. Just yesterday, the Coinpunk Project released the following announcement of funding from the Bitcoin Foundation. Coinpunk....
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The flower delivery company 1-800-FLOWERS will be accepting Bitcoin as a payment option for their services starting this fall. 1-800-FLOWERS is the world's leading florist and gift retailer. The move will not only cover 1-800-FLOWERS.com, but will also integrate Bitcoin acceptance throughout all of their family companies including FannieMay.com, Cheryls.com, ThePopcornFactory.com, 1-800-Baskets.com, FruitBouquets.com, and Stockyards.com. CCN. "As a customer-centric company, we are always looking for new ways to engage with our customers and enhance their shopping experience for all of....
If the news this morning that popular electronics retailer Newegg has started accepting bitcoin isn't enough, another major online business is joining in on the fun. 1-800-FLOWERS.com, a leading florist and gift shop, announced on Tuesday that they have plans to begin accepting bitcoin later this year some time during the Autumn season. What this means for consumers is that shoppers will be able to use the revolutionary digital currency not only at 1-800-FLOWERS.com, but across the entire network of the company's gift websites, which includes: FannieMay.com, Cheryls.com,....
New York-based floral and gift e-tailer 1-800-Flowers.com has announced that it is now accepting bitcoin through a partnership with Coinbase. With the decision, 1-800-Flowers becomes one of the largest merchants to enter the bitcoin space, boasting $735m in total net revenue in 2013. Jim McCann, CEO and founder of 1-800-FLOWERS.COM, framed the partnership as an extension of the company's overall focus on customer service, stating: "As a customer-centric company, we are always looking for new ways to engage with our customers and enhance their shopping experience for all of their....
Financial services investor, J.Christopher Flowers says that many bitcoin startups offering financial services will soon fail. The bitcoin community is hopeful for the digital currency to become the currency of choice across the world one day. However, it may not happen anytime soon. To start with, bitcoin has a long way to go both in terms of its adoption or the technical development. Even if it looks a bit farfetched, it will eventually get there. An old school financial services investor, J. Christopher Flowers has a different take on it. According to him, the fintech revolution what we....
This news will undoubtedly send more shockwaves throughout the Chinese economy moving forward. In an unsurprising turn of events, the Chinese government issued new guidelines to stem capital outflows. With the Yuan still going down a slippery slope, outbound investments are next on the chopping block. To be more precise, transfer abroad worth over US$5m are being vetted. Moreover, any international deals involving Chinese funds – even pre-approved deals – will face additional scrutiny, as China alienates itself from the rest of the world even more. The new guidelines issued by the State....