
“First, the business reasons: There are large numbers of holders of bitcoin who are eager to patronize firms that will accept this form of payment, but so far, their options have been limited. I believe that by being the first major online retailer to accept bitcoin, we will tap into a significant group of loyal consumers, and as a result our share of the overall market will grow. In addition, the cost of carrying out credit-card transactions is roughly 2 percent. Given that our net margin is also approaching 2 percent, the avoidance of such fees will make bitcoin sales that much more profitable.”
http://www.cnbc.com/id/101315433
Related posts:
Google unveils detailed North Korea map… with gulags
Worldwide unemployment hits new high
World's Biggest Pension Fund Loses $64 Billion Amid Equity Rout
Family of Egypt’s Morsi threaten legal action over ‘abduction’
New street lights that can record your conversations installed in Vegas
Pitchfork-wielding Virginia farmers rally against birthday party fine
Myanmar's Yangon Stock Exchange (YSE) On Track For 2015 Launch
Cuba to eliminate currency pegged to dollar
Yale opens campus in Singapore, citing need for ‘critical thinking’ in Asian countries
Finally...a beer that won't give you a hangover
How Mapping Student Debt Changes the Debate
Black Market Dollar Exchange Sparks Argentina Luxury Sales Crackdown
Florida investment adviser charged with selling $8 million of fake Facebook shares
NJ State Police dashboard camera shows confrontation with county police
Iran vows it will not allow Assad to fall