“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:
West Virginia residents sickened after exposure to 'safe' water
Housing in U.S. Cools as Rate Rise Hits Sales: Mortgages
French doctors stand trial for covering up deadly radiation overdoses
Prague sends aid package to Texas blast town in honor of shared Czech heritage
Barclays fined $44 million over gold price fixing
Middle East oil companies targeted in cyber war
U.S. sends anti-missile destroyer near North Korean coast
Privacy debate looms as Canada prepares to share bank data with U.S.
Spain: This Is What A Permanent Underclass Looks Like
India says not considering immediate gold import duty cut
HealthCare.gov: How political fear was pitted against technical needs
The View From Pyongyang
State, provincial regulators raise red flags on virtual currency
Russia warns UK against arming Syrian rebels
Iran switches reserve accounting from dollar to euro