OpenRuby.com

03 Feb '13, 2am

HB: 5 reasons to accept Bitcoin on your grid #Metaverse #Business

There has been some discussion about the practicality of accepting Bitcoin, but many fewer voices have been explaining the reasons Bitcoin may be a useful tool for your grid. There are at least five reasons that Bitcoin may be right for your grid. 1. Fraud mitigation BitPay, the number one Bitcoin processing platform. reports that it has processed 10,000 transactions with zero incidents of fraud. By comparison, the rate of credit card fraud is much, much greater, one in 167 transactions domestically and one in 50 in international transactions. These 10,000 secure transactions add up to $3 million that BitPay processed in 2012. BitPay recently received a $510,000 angel investment, which will help the company increase their capacity to process payments. It’s clear that Bitcoin is shaping up as a secure way to accept payments from, and transfer money to, grid users. 2. Bitcoi...

Full article: http://www.hypergridbusiness.com/2013/02/5-reasons-to-acc...

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5 reasons to accept Bitcoin on your grid

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