30 Mar '14, 9pm

Texas-based gun company allows customers to make purchases using bitcoin

A Texas-based gun company has announced that it is now allowing its customers to use bitcoins as payment for its products, which include rifles that it says can hit targets at extreme distances using “jet fighter lock-and-launch technology.” Although bitcoin is a currency that is notorious for being difficult to trace, buyers still have to undergo background checks before purchasing any firearms, according to TrackingPoint Vice President Oren Schauble. The Austin company is working with payment processor Coinvoice to carry out bitcoin transactions. "The recent advent and success of cryptocurrency has the potential to redefine our monetary system," TrackingPoint CEO John Lupher said in a press release. The rifles are priced beginning at $9,995, which would cost around 22 bitcoins, based off the current exchange rate. The company says its rifles – which can hit objects 1,000...

Full article: http://www.foxnews.com/tech/2014/03/30/texas-based-gun-co...

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A Texas-based gun company has announced that it is now allowing its customers to use bitcoins as payment for its products,...

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