21 Nov '14, 10pm

Why Some Retailers Are Accepting Bitcoin

Amagi was hit with chargebacks from fraudulent card transactions in 2012, and it started accepting Bitcoins that year. Thanks to the Bitcoin Blockchain, it doesn't have to worry about any chargebacks with its Bitcoin transactions. The Blockchain, a public ledger of all Bitcoin transactions, makes it impossible to counterfeit Bitcoins. Each transaction recorded in the Blockchain is verified by a third party.

Full article: http://www.banktech.com/payments/why-some-retailers-are-a...

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