Bitcoin Gains Attention in Pay-Per-Use Industries, Slowly
The Chicago Sun-Times tests bitcoin payment. Despite bitcoin's minimal fees making it a natural choice for micro-payments, many pay-per-use business models have been slow to integrate bitcoin payment options. Arcades, adult websites, news outlets with an online presence, all could save millions of dollars a year in payment processing fees by collecting micropayments of bitcoin. Even though amateur adult entertainers have been accepting bitcoin for over two years, Porn.com only began accepting it for subscriptions last month, but others took notice quickly when the adult website was....
Related News
The widespread implementation of blockchain technology will take much longer than imagined due to its multidisciplinary aspects. The world is slowly moving towards distributed ledger technology. The potential advantages of blockchain technology are being discussed across industries and even governments. The recent implementation of blockchain based solutions into stock exchanges and trading platforms, the introduction of asset-backed crypto tokens and announcements made by the government stands proof of the increasing interest in cryptocurrency technology. Blockchain technology has gained....
Bitcoin: Be Your Own Bank. You may have heard of Operation Choke Point over the last year in reference to payday lending, and more recently in reference to firearm sales and porn star personal accounts. The gist of it is this: The Department of Justice (DOJ) is strongly encouraging banks and third party payment processors to close the accounts of individuals and businesses associated with certain high-risk merchant categories such as payday/online lending, firearms/ammunition sales, and pornography, and even dating services. Essentially, the DOJ has tasked banks and third party payment....
CoinTelegraph spoke with the co-founder and COO of Eris Industries, Preston Byrne, on why the company decided to leave the UK and move its operations to the United States. As reported in May, Eris Industries has ordered its staff to leave the United Kingdom due to the proposed UK’s Investigatory Powers bill, which the company says gives the government “completely unnecessary” surveillance powers on data. “This is a red line for us, and should be for every blockchain firm. Distributed systems don't work without secure cryptography.” CoinTelegraph: What does Eris Industries do?
Bitcoin price is slowly rising and it is now trading above $11,400 against the US Dollar. BTC is a bit hesitant, but further gains above $11,550 seems very likely. Bitcoin is showing a few positive signs above the $11,350 and $11,400 levels. The price is currently facing hurdles near $11,560, but it is above the […]
The decision to franchise CoinTelegraph in the Philippines was both an easy decision as well as a hard one. Easy because the CoinTelegraph brand is one of the most heralded names in the world of Bitcoin and cryptocurrency journalism. Much more importantly, the Philippines is in dire need of smart coverage of the Bitcoin ecosystem. Several years ago, Bitcoin was relatively unheard of in the country and limited to the realm of a few select enthusiasts. But as I write this now, I struggle to think of what highlights to include from our Bitcoin ecosystem because it has grown so much - it is....