
“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:
Bad cops rarely fired for bad behavior
Mexican Peso's Surprising Drop Spurs Speculation Banxico to Act
Love it or hate it, bitcoins are a national craze
Defense Secretary Panetta admits the Pentagon and Clinton supported arming Syrian rebels
EU plan to cut credit and debit card fees is confirmed
Myanmar faces big setbacks to implement stock exchange
NSA promises transparency by launching new Tumblr blog
Native Hawaiians to Feds: Give Us Back Our Kingdom
Community organizers train to enroll the masses in Obamacare
Researchers create battery that recycles sewage into energy
‘An attempt at vandalism’ ?
81 gold coins found during pub work
Special Privilege: Beyonce, Jay-Z Cuba trip was OK'd by US Treasury Dept
EU Hardens Against Trump With United Stand on Trade and Iran
Kenyan slums dispense clean drinking water through ATMs