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Author Topic: [2014-01-24] BBC.co.uk - Bitcoins and virtual currency - how do businesses cope?  (Read 664 times)
P_Shep
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January 24, 2014, 11:21:18 AM
 #1

Coming in thick and fast from the BBC:

http://www.bbc.co.uk/news/business-25809011
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January 24, 2014, 12:05:59 PM
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Well this is interesting, finally getting some intelligent commentary from the main media outlets now, I also saw CNBC just now asking some UBS guy about Bitcoin when they were discussing the Turkish Lira this morning.
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January 24, 2014, 12:33:29 PM
 #3

It's been a pretty exciting year so far already as far as stories, announcements and adoption is concerned.

Now, about the price...
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January 24, 2014, 05:00:27 PM
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The price as it is, is amazing, anything more and you risk scaring people especially if it starts bouncing further and further, what we need is for it to level off or go up more smoothly, I actually reckon the most it will go is in line with Gold myself.
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January 24, 2014, 08:38:56 PM
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The fact that Bitcoin is entering into these conversations on national media outlets is important. Bitcoin is now part of the financial lexicon, its just a matter of time before live quotes are flashing up on TV somewhere. Having tracked this since 2011, didn't think we would be at this point so soon.

2014 is going to be a rather pivotal year for Bitcoin, I think.

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January 25, 2014, 12:00:51 AM
 #6

Coming in thick and fast from the BBC:

http://www.bbc.co.uk/news/business-25809011

Quote
Today Bitcoin is accepted by a small number of retailers, and David Woo, head of global rates and currencies research at BofA Merrill Lynch Global Research, believes that most do so simply for the publicity it earns them.

"Companies like Victoria's Secret are probably using it to brand themselves as hip," he says.

Suppose it's as good a reason as any, but why not accept it if they use a payment processor where it's immediately turned to fiat so there's no risk with the price fluctuations, which is stated as a worry in that article?

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