20 May '13, 11am

Accepting Bitcoin Payments: The Risks and Benefits

Bitcoins , in case you haven't already heard all the buzz about them, are virtual coins traded directly between two individuals online. They're exchanged anonymously without a trace and without ever passing through a single bank or other financial institution. As a business owner, questions likely arise. How much is a Bitcoin worth? Should my business accept them? Is it legal? Is this the payment method of the future? There's a lot to consider before deciding if accepting the decentralized, crypto-currency is right for your company. Here are four common questions about Bitcoin, explained: 1. What are Bitcoins and how much are they worth? They are essentially pieces of computer code -- mathematical algorithms, actually -- that represent monetary units. Bitcoins are purchased online using real analog money via Bitcoin exchanges and private sellers. They're then used to trade...

Full article: http://www.entrepreneur.com/article/226716

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Accepting Bitcoin Payments: The Risks and Benefits

entrepreneur.com 20 May '13, 1pm

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businessweek.com 20 May '13, 5pm

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bitcointalk.org 22 May '13, 5pm

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