Bitcoin Law: What US businesses need to know
My name is Marco Santori. I'm a business attorney for technology companies. In particular, I represent digital currency businesses. I am also the Chairman of the Bitcoin Foundation's Regulatory Affairs Committee. In this multi-part series, I will give a basic primer on the state of US law as it applies to digital currency entrepreneurs. I aim to help bitcoin businesses assess their risks and develop an informed business model. Bitcoin businesses are in a tough spot. Payment startups that once coasted quietly under the regulatory radar are becoming bright, interesting new blips on....
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Bitcoin and litecoin business directory Coinmap.org is undoubtedly growing rapidly. The last time we checked up on the site, it had about 2,000 bitcoin businesses listed. Today, Coinmap.org - which shows bitcoin businesses on a convenient map - has reached about 3,000 bitcoin businesses. More and more physical storefronts and businesses are turning to the digital currency for a number of reasons. These include no fees for merchants (the buyer pays the fee), no risk of chargebacks, and speed/ease of use. Meanwhile, Coinmap.org has 274 litecoin businesses listed, not nearly as popular as....
The last time we here discussed Coinmap.org was late in November. The website, which allows businesses that accept cryptocurrencies to post their locations on a map for all to see, was adding between 40-50 businesses daily. At the time, there was about 955 businesses on the map. Today - Coinmap.org is approaching 1,800 bitcoin (and litecoin) businesses. That number is 1779 bitcoin businesses and 63 litecoin businesses, of which exist on all continents except - you guessed it - Antarctica. At this rate, we'll see a break past 2,000 very soon, which is tremendous news for bitcoin holds who....
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.
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....
With thousands of businesses around the world beginning to accept bitcoin, you have to ask: what's the real reason? Are they genuinely attracted to the benefits bitcoin offers merchants? Are they doing it for publicity? It probably doesn't matter. But with services like BitPay and Coinbase that make bitcoin acceptance easy as can be, you can probably bet a good number of these crypto-friendly businesses don't know very much about it - only that many others are joining the parade. But according to BitPay CEO Tony Gallippi (in an interview with Bitcoin Owl), businesses who accept bitcoin....