Tuesday, April 30, 2013

3 Great Things about BitCoin


  1. No transaction fees, so you can actually charge someone $.05 for something.
  2. You can accept payments from places that don't speak paypal (Bangladesh, Pakistan).
  3. Transaction is final, no chargebacks, freezing of paypal accounts, etc.
  4. Ok, one more. No government manipulation!

I went to Atlanta Startup's Village to hear 5 tech / web startups describe themselves, and one of them was bitpay. They let you accept bitcoins at your ecommerce store and automatically convert it to cash for you, and it costs 1%. 

BitPay presenting at Atlanta Startup Village 4/30/13





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