26 Jan '14, 11pm

Bitcoin payments will face big challenges heading to brick-and-mortar (but it’ll get there):

Recent developments associated with Bitcoin , its silver-like sister Litecoin , and other crypto-currencies forced many merchants to start thinking seriously about accepting these digital alternatives to cash and plastic cards. In fact, some businesses already accept Bitcoin. E-commerce merchants were first to accept Bitcoin; however, just as life once emerged from the ocean to the land, Bitcoin is slowly but surely creeping out of its virtual cradle to the real world of brick-and-mortar merchants. The benefits of crypto-currency for consumers are well known. They provide: Limited anonymity, or pseudonymity — your wallet is anonymous, but its address and transaction records are kept public and can be flagged and traced Independence from traditional financial institutions — unless you need to exchange your Bitcoins and get back your dollars Decentralization — nobody control...

Full article: http://venturebeat.com/2014/01/26/bitcoin-payments-will-f...

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