28 Oct '13, 7pm

This Major Crowdfunding Site Now Accepts Bitcoin Pledges

This Major Crowdfunding Site Now Accepts Bitcoin Pledges

Two hot investment trends have collided: You can now crowdfund your project with Bitcoin . Australian crowdfunding platform Pozible has begun accepting pledges in Bitcoin, an online-only currency, according to a statement released today. Pozible says the move is a result of both the rapid increase in popularity of the digital currency and the low cost associated with the transaction. The crowdfunding platform says it has received multiple requests from users looking to accept Bitcoin payments. And the low transaction costs of Bitcoin payments make them particularly advantageous for international transactions, which can otherwise be expensive. Related: Why Bitcoin's Future Is Bright (Video) For project creators to be able to accept a Bitcoin pledge, they have to set up a Bitcoin wallet, according to the written statement from Pozible. Pledgers need to do the same. Unlike ot...

Full article: http://www.entrepreneur.com/article/229638

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