Tag Archives: Money

Banks Say No to Marijuana Money, Legal or Not

Posted on by

“Banks, including state-chartered ones, are reluctant to provide traditional services to marijuana businesses. They fear that federal regulators and law enforcement authorities might punish them.  The limitations have created unique burdens for legal marijuana business owners. They pay employees with envelopes of cash. They haul Chipotle and Nordstrom bags containing thousands of dollars in $10 and $20 bills to supermarkets to buy money orders. When they are able to open bank accounts — often under false pretenses — many have taken to storing money in Tupperware containers filled with air fresheners to mask the smell of marijuana.”

http://www.nytimes.com/2014/01/12/us/banks-say-no-to-marijuana-money-legal-or-not.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Philadelphia Brewing Company Accepting Bitcoin As Payment

Posted on by

“Now Philly beer nerds who prefer to exist outside the traditional banking system can rejoice because Philadelphia Brewing Company has just announced that they’re going to be the first United States brewery to accept bitcoin as payment for both wholesale and retail purchases.  There’s also the idea of streamlining their wholesale operations (previously, drivers could only accept payment by checks, which then had to be brought back to the office and processed manually) and making it cheaper to process retail sales. So, you know, if you happen to have a bunch of crypto-currency burning a hole in your virtual wallet, now you can go buy some beer and bottle openers with it.”

http://www.phillymag.com/foobooz/2014/01/10/philadelphia-brewing-company-accepting-bitcoin-payment/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Private Jet Service PrivateFly Now Accepts Bitcoin

Posted on by

“Private jet booking service PrivateFly.com is now accepting payment in bitcoin.  The company, which was founded in 2007, will accept bitcoins via popular payment   processor BitPay.  Customers can use the company’s online platform, apps and operations team to access a global network of over 7,000 private aircraft, booking charter flights within 90 minutes.  Adam Twidell, co-founder and CEO at PrivateFly, said he has followed bitcoinclosely since the beginning of 2012.  The company specialises in rapid-response flight requests, so Twidell wanted a payment system to match – something that wasn’t subject to the limitations of banking hours and could be used globally.”

http://www.coindesk.com/private-jet-privatefly-accepts-bitcoin/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Everything You Need to Know About Bitcoin

Posted on by

“This week on the VICE Podcast, Reihan Salam sits down with Jerry Brito, one of the leading experts on Bitcoin. Jerry is a senior research fellow at George Mason University’s Mercatus Center and director of its Technology Policy Program. His research focuses on internet policy, copyright, and the regulatory process. Jerry was kind enough to walk us through the world of Bitcoin, the first decentralized digital currency that now has a few imitators.”

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Real estate broker: ‘We accept bitcoins’

Posted on by

“You can use digital dollars to buy an ever-lengthening list of items from sandwiches to fine art. And now homes.  The bitcoin has gained a foothold in one of the hottest business sectors in the world: Manhattan real estate.  Bond New York, a Manhattan-based real estate broker, has started accepting the digital currency for real estate transactions.  Bond New York believes it is one of the first real estate brokerage firms in the US to accept bitcoin.  ‘Real estate brokerage is a service industry,’ said Noah Freedman, a co-founder of Bond New York. ‘Our job is to make real estate transactions easy for our customers. Bitcoins are just another mechanism to help people facilitate transactions.'”

http://www.news.com.au/finance/real-estate/real-estate-broker-we-accept-bitcoins/story-fndban6l-1226796325563

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

$2,700 13-Piece Patio Set On Overstock.com Sold Using Bitcoin

Posted on by

“About $10,000 worth of Bitcoin from about 100 purchasers has already been spent since the announcement less than two hours ago, Byrne said. Online Bitcoin chatter indicates much of it is from folks making purchases in tribute to the company’s vote of confidence in the digital currency.  The most expensive item yet purchased? This handsome 13-piece patio set from Amazonia.”

http://www.businessinsider.com/overstockcom-is-now-officially-accepting-bitcoin-2014-1

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Grand Experiment Goes Live: Overstock.com Now Accepting Bitcoins

Posted on by

“Overstock’s free-thinking CEO and chairman, Patrick Byrne, has been telling anyone who would listen that his company would adopt bitcoin sometime in the next six months. But Byrne is an impatient man. Last Tuesday, the company struck a deal to handle bitcoin payments through a service operated by the suddenly hot San Francisco startup Coinbase, and since then, a team of Overstock engineers has worked almost every waking hour to prepare the site for what is undeniably a key moment in the digital currency’s short history.  ‘I felt I had tipped my hand,’ Byrne says. ‘I didn’t want someone else to beat us.'”

http://www.wired.com/business/2014/01/overstock-bitcoin-live/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bitcoin Comes To Overstock After CEO Locks 40 People In A Room

Posted on by

“Last month, Overstock.com, which sells everything from jewelry to couches, announced that it would start accepting Bitcoin by the middle of 2014. CEO Patrick Byrne, 51, said the low-priced site was looking forward to cutting down on transaction fees for purchases given that its net margin is just 2%. The site took the Internet by surprise Thursday by moving its Bitcoin deadline up radically: it’s accepting Bitcoin as of today.  ‘Our first purchase with Bitcoin was a $2700 patio set,’ says Byrne from Salt Lake City, where the company is based. In the first 90 minutes of Bitcoin sales, the site had received about 150 orders.”

http://www.forbes.com/sites/kashmirhill/2014/01/09/overstock-bitcoin/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Pot Goes on Sale in Colorado: Cash or Bitcoin Only

Posted on by

“Bloomberg’s Matt Miller discusses the legalized sale of marijuana in Colorado on Bloomberg Television’s ‘Bloomberg Surveillance.'”

http://www.businessweek.com/videos/2014-01-02/colorado-puts-pot-on-sale-as-u-dot-s-dot-watches-closely

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Venezuelans blocked from taking flights out by capital controls

Posted on by

“Under Venezuela’s foreign exchange controls, access to dollars is tightly restricted. International airlines serving the country are currently owed up to $2.6 billion in dollars for bolivars that they have turned in to Venezuela’s Cadivi foreign exchange agency.  Air Europa is owed upwards of $160 million, it said. A company director is flying to Caracas on Monday to meet with the country’s foreign exchange agency to discuss the problem, the airline said Friday. The company operates its Madrid-Caracas-Madrid route six times a week.  Most other international airlines are taking other steps to limit their exposure to Venezuelan bolivars, which aren’t convertible outside the country.”

http://www.usatoday.com/story/news/world/2014/01/10/venezuela-airline-cancellations-europa/4405109/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet