27 Nov '14, 5pm

Shoppers in San Francisco may be doing their holiday shopping with Bitcoin

Shoppers in San Francisco may be doing their holiday shopping with Bitcoin

The era of Bitcoin is upon us — well, in San Francisco anyway. As digital mobile payments rise in popularity as the mode of payment for in-store purchases, one company is making sure that Bitcoin gets some notice, too. Last month, Snapcard, a Bitcoin payment API, announced an initiative to make San Francisco “the Bitcoin capital of the world,” cofounder Michael Dunworth told VentureBeat. Though the company focuses on e-commerce transactions, it saw an opportunity to help get Bitcoin some visibility by launching a Bitcoin POS for brick-and-mortar stores. In lieu of funding an advertising campaign for Snapcard, Dunworth and his team conspired to buy 500 Samsung tablets, set them up as a point of sale for digital currencies, and gave them away for free to merchants in San Francisco interested in accepting Bitcoin. Snapcard also provided a way for merchants to export all crypt...

Full article: http://venturebeat.com/2014/11/27/shoppers-in-san-francis...

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