26 Jan '14, 4pm

More Canadian businesses accepting Bitcoin

More Canadian businesses accepting Bitcoin

MONTREAL -- Will that be cash, credit card or Bitcoin? A small number of Canadian businesses now accept Bitcoin, the digital currency that made its debut five years ago, and has been gaining momentum ever since. Among the retailers is Quebec bed-and-breakfast operator David Mancini, who expects the payment method will have a practical appeal for foreign tourists visiting his community of Baie-Saint-Paul. "You do not have to transfer U.S. dollars to Canadian, or pesos, etc.," said Mancini, 30, who runs the Gite TerreCiel. Bitcoin transactions are seen as more convenient than other forms of payments as they are sent directly and instantly from one person to another, avoiding processing and other fees usually charged by banks or third parties. Travellers can avoid avoid carrying cash, or paying fees on travellers cheques or for currency exchanges, said Mancini. Mancini has al...

Full article: http://www.ctvnews.ca/business/more-canadian-businesses-a...

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More Canadian businesses accepting Bitcoin

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