Bitcoin Forum
May 20, 2019, 01:46:12 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-09-06] ATM Industry Association releases position paper on Bitcoin, Bitcoi  (Read 558 times)
patricktim
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
September 06, 2014, 11:45:54 AM
 #1

https://coinreport.net/atm-industry-association-releases-position-paper-bitcoin-bitcoin-atms/

The value proposition for merchants, the paper notes, is that Bitcoin will not result in chargebacks for fraudulent transactions, as the digital currency is not insured. But the lack of insurance creates risk for consumers if their Bitcoin wallets were to be compromised. For example, under European Union law, consumers are not protected by any refund rights when using digital currency for commercial transactions.

The paper notes digital currencies are now being used for low-cost remittances. For example, ZipZap users can deposit cash for Bitcoin, whose value can then be cashed out across borders. The value of some local currencies may be more volatile than that of Bitcoin, which would make Bitcoin attractive for such cross-border remittances.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!