“Start-ups like Berlin-based 9flats.com, a ‘share economy’ platform, say that the Bitcoin concept is working in their favor. ‘The main advantage for our business is that we do not lose money on transaction fees because with Bitcoin there are none,’ said Alexander Lossenko, lead developer at 9flats.com. To avoid the risk of devaluation and strong fluctuation in Bitcoin prices, companies like 9flats.com often use services that convert bitcoins into euro or dollars instantly. ‘It also opens new markets for us. In Russia, for example, PayPal does not exist, so Bitcoin offers another alternative for payments,’ Lossenko added.”
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