04 Mar '13, 5pm

New Bitcoin-only electronics retailer hopes to undercut huge competitors like Amazon and NewEgg

This is hardly the first online retailer to accept Bitcoins, but the Bitcoin Store is hoping to undercut the competition and keep prices lower than other Bitcoin stores. According to Bitcoin Magazine , the store is slightly undercutting retailers like Amazon and NewEgg. According to Ver, the Bitcoin Store is able to do so thanks to the fact that it avoids expenses like credit card fees; it also has a partnership with what Ver says is "the world's largest wholesale technology distributor." The Bitcoin Store hopes to be more than just a low-cost electronics outlet, however — head of marketing Jon Holmquist told IEEE that "the point of the site is to show both consumers and business owners that using Bitcoin can drastically lower the cost of providing products." Ver and Holmquist are hoping that its competitors take notice of any success they have with Bitcoin in an effort to...

Full article: http://www.theverge.com/2013/3/4/4063084/new-bitcoin-only...

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