“For Hieu Bui, founder of Cashiecommerce.com, an online Bitcoin marketplace for very small businesses to buy and sell using the cryptocurrency, there are many why Bitcoins are here to stay, but one reason predominates. Bitcoins are valuable to merchants for the same reason anything else is valuable to merchants — they save money. Transaction fees sit around 1 percent for Bitcoin purchases, which is music to a small business’ ears. ‘Because there’s no central authority controlling Bitcoin — no Visa, no Amex — there’s no person owning it and the users can make the rates for themselves. And the owners have more or less settled on one percent,’ he told Forbes.”
Related posts:
Following the Bitcoin trail
Gold Is Back in Fashion After a $15 Trillion Global Selloff
NASA begins selling shuttle launch platforms
Ecuador Central Bank President Resigns After Admitting Fake Degree
Bitcoins use by tea trade brought to notice of Ministry, board
FedEx Cuts 2013 Forecast as Economy Pinches Premium Shipping
Gold Beats Cocaine as Colombia Rebel Money Maker
Close monitoring of prostate tumors may make radiation, surgery unnecessary
Rand Paul on CNN speaks against possible Syria strike 8/30/13
Chinese yuan dominates global bitcoin trade
Myanmar Stock Exchange Launch Moved Up To 2013 After Security Exchange Law Passed
Swiss pilot cleared to finish solar plane trek across U.S.
Turkey vows to ‘drown’ US-backed insurgent force
Bitcoin on BBC Newsnight - 26/03/2013
Hunger and homelessness rise dramatically in the U.S.