Tagbitcoin adoption

Bitcoin Transaction Costs are 'So Much Cheaper' than Credit Cards, Says Canadian Mayor

Bitcoin, Lynn Dollin, Innisfil

A Canadian town mayor says using bitcoin to pay for property taxes has made transaction costs much cheaper. "The advantage of doing it as opposed to [using] a credit card is the transaction costs are so much cheaper," Mayor Lynn Dollin of Innisfil, Ontario told Day 6. Innisfil is the first town in Canada to allow residents to use bitcoin to pay their property taxes. It's part of a one-year pilot...

Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So

An article out today in the Economist lists several reasons why Bitcoin may never have a “long-lasting” recovery. The unnamed author writes, in part: "The bust has been correspondingly brutal. Those who bought near the top were left with one of the world’s worst-performing assets. Cryptocurrency startups fired employees; banks shelved their products. On March 14th the CBOE said it would soon stop...

Wall Street is Playing Chicken on Bitcoin Adoption: Hedge Fund CIO

bitcoin ETF Cryptocurrency

Ari Paul, the co-founder of crypto investment firm BlockTower Capital, says bitcoin adoption is at a standstill because Wall Street is taking a "wait-and-see" approach amid the bear market. In a lengthy tweetstorm, Paul says institutional viewpoints about cryptocurrencies fall into three categories: Venture capital mindset: Is there value creation we can capture with early-stage investment...

Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall

Earlier this week, leading US electronics retailer Newegg expanded its bitcoin integration to its platform in Canada, allowing millions of customers based in Canada to pay for products with bitcoin. Increasing Retailer Adoption Newegg CEO Danny Lee emphasized that the value of bitcoin has skyrocketed since 2014, when the company first integrated bitcoin, and noted that bitcoin users have...

Bitcoin Users To Approach 5 Million Mark By 2019, Juniper Research Reports

The number of active bitcoin users worldwide will reach 4.7 million by the end of 2019, marking a significant gain over the 1.3 million last year, according to a report from Juniper Research we received today. However, the report, “The Future of Cryptocurrency: Bitcoin & Altcoin Impact & Opportunities 2015-2019” notes that exchange trading will continue to dominate bitcoin use, with...

Newegg Thinks "Bitcoin is Going Mainstream in 2015"

In a recent blog post on the Newegg Unscrambled official blog, Newegg web editor Ivan B. wrote candidly on why he believes that Bitcoin is going to hit the mainstream hard in 2015. For many, the impact of Bitcoin on the coming year won't be a blindside. Honestly, various people have been calling each year the "year of the Bitcoin" since 2012 or earlier. As the revolutionary technology grows, the...

“For Everything Else, There's Bitcoin” – An Australian Responds to MasterCard Attacks on Bitcoin

James Duchenne, Australian attorney, founding member of Texas Coinitiative, and blogger for SatoshiLegal, quite cheekily responded to the recent pleas by MasterCard to the Australian government against Bitcoin today. Said pleas have culminated in two important ways: the video shared below from MasterCard's Southeast Asia president Matthew Driver, and a letter to Kathleen Dermody, head of the...

Bitcoin Found Its Way to McDonald's London Hackathon

McDonald's Hackathon held in London from 21 to 23 November invited to participants to think and design applications around a brand new digital restaurant experience. Fittingly, the hackathon participants had the pleasure to meet with Blockchain.info team and experiment around the digital currency. We already knew that bitcoins startups were fond of bitcoins events that unfold in the various parts...

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