Monthly Archives: March 2014

‘My business accepts Bitcoins’

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“The five-year-old digital currency is increasingly being adopted by brick-and mortar businesses, including dentists, pet boutiques — even a small honey business in Utah.  In 2012, about 1,000 businesses used BitPay, the largest processor of Bitcoin payments. Today, more than 26,000 businesses worldwide use BitPay, said Tony Gallippi, its cofounder and CEO.  The majority of those firms are small businesses — about half are in the U.S. and the rest are international. And while a majority are online sellers, Gallippi said 20% are merchants with storefronts. The shops range from bakeries and wine stores to car dealers and mattress sellers.”

http://money.cnn.com/2014/03/17/smallbusiness/bitcoin-bitpay/

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Luxury Berlin Apartment bought with Bitcoin

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“By using Bitcoin directly, this transaction took only 10 minutes for the real estate agent to receive their money. Martin from All4Btc.com worked closely with both the customer and the agent to create a fluid and secure transaction, as well as assuring that all taxes and fees were accounted for. Personal contact and support established a clear understanding for the agent exactly how they receive the money immediately by using Bitcoin.  All in all, it took only three weeks from the customer contacting All4Btc.com to get the keys in hand.”

http://about.all4btc.com/apartment-bought-bitcoin/

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Hanoi, Vietnam night streets and market

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“Strolling through the Old Quarter of Hanoi, Vietnam, in the evening is a pure delight, especially after a light rain has wet the streets to provide a glistening reflection of the lights from the many restaurants, shops and bars open late. We visit the weekend Night Market, and consider how the economy of Vietnam is doing relatively well.”

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Nigeria’s Moment

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“Everywhere in Nigeria I saw enterprise. People sit for hours under primitive lean-tos by the highway to sell drinks and food to travelers. Open-air markets, which seem to occur every couple miles, are bustling, with people dashing hither-and-yon selling most everything you can find in a department store or supermarket.  Citizens of this former British colony typically speak English, the global commercial language. I visited a university filled with bright and engaging students hoping to make better lives for themselves and their country. What is desperately needed, said one business executive, is an ‘enabling environment’ for enterprise.  In this the government fails miserably.”

http://www.fee.org/the_freeman/detail/nigerias-moment

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International Effort Brings Boost for Bitcoin in Vietnam

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“Despite recent negative noises from the authorities, bitcoin in Vietnam is still making gains in both in daily use and public awareness.  A multinational project involving participants from Vietnam, Germany and Israel is setting up Vietnam’s first live and registered bitcoin and litecoin exchange and payment processor, called Bitcoin Vietnam, to accept local currency.  Working as a ‘bitcoin broker’ it is cooperating with an Israeli startup called Bits of Gold. Bitcoin Vietnam will be 100% Vietnamese-owned to avoid extra red tape.  Bitcoin Vietnam will also form a technology partnership with another Israeli counterpart, Bit2C, which has operated a successful live exchange for over a year.”

http://www.coindesk.com/international-effort-boosts-bitcoin-vietnam/

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Taiwan Police Evict Protesters From Cabinet Building

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“Taiwan’s police evicted dozens of protesters from the cabinet building early Monday morning, as tensions continued to spiral between the government and students occupying two major government buildings over a controversial trade pact with China.  Dubbed the ‘Sunflower Movement,’ the students’ seizure of the legislative chamber followed the KMT’s unilateral passage of the pact during a first reading without bipartisan deliberation on March 17.  The protest, once numbering more than 10,000 people, is the biggest student-led protest in Taiwan’s history. It is also the first time that the legislature has been taken over by protesters.”

http://online.wsj.com/news/articles/SB10001424052702303725404579456731907714984

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Neglected Estonian Manor House to Be Turned Into Bitcoin Center

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“One of the largest ever Bitcoin transactions took place in Estonia recently, when Finnish businessman Risto Pietilä bought the Malla manor in Lääne-Viru County. He said he plans to turn the complex into a hotel and center for enthusiasts of the virtual currency. The complex is run-down, having only seen minor conservation work in the past century, and Pietilä told Eesti Päevaleht today that he will only renovate one part of the main building, with complete renovations to be launched after Bitcoin’s value increases.  The manor was previously owned by a Finnish couple, who bought it for a million kroons (64,000 euros) at the end of the 1990s. Pietilä said he paid close to the asking price of 960,000 euros.”

http://news.err.ee/v/economy/53ba6308-7ca1-4b4a-9a52-0156165267d6

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Bitcoin ATM Placement Franchise Launched in California

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“BITCoin ATM Franchise Corporation is the first Bitcoin Company in the world to offer a unique turn-key franchise investment opportunity for business owners to earn additional income by getting involved in the lucrative Bitcoin industry with minimal effort. Franchisees will be able to enter this growing market under the guidance of a reputable company that will develop a strategy to establish an exclusive locations, based on population density, traffic patterns, market statistics, demographics and other key factors.”

http://www.marketwatch.com/story/first-bitcoin-capital-corp-otc-bitcf-secures-contract-for-bitcoin-atm-placement-in-california-2014-03-20

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Dubai: 400 fully operational Bitcoin ATMs in the next two weeks

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“The Twitter user Sergey Yusupov used the social platform to announce the arrival of about 400 Bitcoin ATMs in Dubai. According to Yusupov, the machines are already being installed, but they will only start working during the next two weeks.  Sergey’s tweet shows a warehouse full of Bitcoin ATMs that will allow people to buy digital coins with fiat currency from the beginning of April. The first machine was already deployed, according to a different tweet, and will be ready to sell BTC in a couple of weeks.  He also adds that local authorities and government are not involved in the initiative, not disclosing if any sort of licence was required to install and operate the devices.”

http://bitcoinexaminer.org/dubai-400-fully-operational-bitcoin-atm-two-weeks/

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Litecoin, Dogecoin ATMs Launching This Week in Mexico

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“Mexico is slated to get it’s first two bitcoin ATMs on the week of Monday, March 16th in Tijuana — just below the border from San Diego, California.  Operated by start-up Bitcoin42, the two-way ATMs are the first in Mexico, but also take the title of being the world’s first litecoin and dogecoin ATMs.  One of the devices will accept Mexican pesos, the other will accept U.S. Dollars.  The ATM units (which Bitcoin42 has not yet shown off) are to be positioned at the BIT Center (Business, Innovation, Technology), and 10 percent of generated profits collected using the machines will be donated non-profit associations local to Tijuana (the customer will be able to choose which organization the funds go to).”

http://newsbtc.com/2014/03/16/bitcoin-atms-support-litecoin-dogecoin-launching-week-mexico/

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