An Interview With PexPeppers - A Small Business Accepting Bitcoin And Other Digital Currencies
The Red Rage variety of hot sauce. As Bitcoin and other cryptocurrencies grow and mature, we'll see more businesses accepting them. Often, the news has always tended to focus on the many large businesses, such as Newegg and TigerDirect, that accept Bitcoin. However, across the world, many small businesses are becoming interested in Bitcoin. The Iron Rail Diner, a small family-owned diner in Maryland, graciously accepts Bitcoin, Dogecoin, and Litecoin. They've seen quite a few sales from Dogecoin. In the future, we'll likely see many more small businesses accept Bitcoin and other digital....
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The US House of Representatives committee on small business held a hearing on 2nd April to discuss the growing use of bitcoin by the country's small business owners (SMBs), and the pros and cons that using this technology as a payment option offers the demographic. Entitled 'Bitcoin: Examining the Benefits and Risks for Small Business', a panel of experts spoke about the benefits and costs of the use of bitcoin by SMBs, while also touching on hot topics like Silk Road and the recent IRS decision on the tax treatment of digital currencies. Committee Chairman Sam Graves noted in his opening....
As bitcoin continues to grow in popularity, small businesses around the world have begun accepting the digital currency as a method of payment. Many of these businesses have seen only a very small portion of their customers pay with bitcoin, but that doesn't necessarily make the venture into cryptocurrencies a failure. Dr J Anthony Allen, CEO of the Minneapolis-based music production school Slam Academy, said bitcoin payments at his business have been "very successful," yet Slam Academy has seen just one customer pay with the digital currency since Allen began accepting it in November of....
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....
Congresswoman Velázquez. Representative Nydia M. Velázquez (D-New York) today made remarks with relation to bitcoin at a House Committee on Small Business hearing entitled Bitcoin: Examining the Benefits and Risks for Small Business. I'm not going to fill this post up with fluff and a full-on analysis that really just restates what the Congresswoman said. I think it's best read as a transcript. I have, however, emboldened sections I think are important. "Thank you, Mr. Chairman. American entrepreneurship is closely linked to technological innovation. Whether it was the arrival of Google or....
The Australian government's online business information portal has published a 'Bitcoin for business' page to advise operators of their tax and other regulatory obligations. As well as a basic explanation of what bitcoin is and how it works, the business.gov.au page also features sections on accepting bitcoins, tax implications, risks, and paying employee salaries with digital currency. With headings like "What are digital currencies and crypto-currencies?", "How do I accept Bitcoin in my business?" and "Should I accept Bitcoin payments?" and links to more detailed information, the page is....