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Author Topic: [WSJ] BitPay Shatters Record for Bitcoin Payment Processing  (Read 2302 times)
BitPay Business Solutions
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June 26, 2012, 12:09:52 PM
 #1

This should be picked up on the wires soon:

http://www.prweb.com/releases/2012/bitcoin/prweb9637829.htm

Picked up by Marketwatch (WSJ)

http://www.marketwatch.com/story/bitpay-shatters-record-for-bitcoin-payment-processing-2012-06-26

Picked up by San Francisco Chronicle

http://www.sfgate.com/business/prweb/article/BitPay-Shatters-Record-for-Bitcoin-Payment-3663354.php


Picked up by Yahoo!

http://news.yahoo.com/bitpay-shatters-record-bitcoin-payment-processing-115211789.html

Picked up by WN

http://article.wn.com/view/2012/06/26/BitPay_Shatters_Record_for_Bitcoin_Payment_Processing/

Picked up by Virtual-Strategy

http://www.virtual-strategy.com/2012/06/26/bitpay-shatters-record-bitcoin-payment-processing


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June 26, 2012, 12:19:18 PM
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This is good of course; but it's not indicative of any growth of bitcoin in the wider economy.

It's all existing bitcoiners buying bitcoin mining gear for bitcoins.  If there were no such thing as bitcoin; these transactions would never have happened.

To get justifiably excited about this sort of record breaking announcement we would need to see it being made up of thousands and thousands of small, every day transactions, that would have happened whether bitcoin existed or not.

I get more excited about people buying baklava (sorry if misspelled) for bitcoins than I do about people buying mining rigs.

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June 26, 2012, 12:23:58 PM
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So, this means atleast 8TH is going to be popping up when ASIC launches...... anyone want to buy my GPU's?

Busy ATM.
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June 26, 2012, 12:25:50 PM
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Great news, keep up the good work guys

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June 27, 2012, 12:36:53 AM
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Great news! What's great is these are not speculators exchanging btc with usd.  These are actual goods being bought with btc (even though they are mining-related goods.)



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June 27, 2012, 06:01:49 AM
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china biggest bitcoin website pick up it too
like this link:
http://www.hxtop.com/html/bt01/20120627936.html
kiba
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June 27, 2012, 06:05:07 AM
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bit-pay have over 600 merchants using it! That's what I am more interested in, not a company selling mining tools.

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June 27, 2012, 06:11:06 AM
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If there were still doubts that bitcoin would never be used for real commerce by real businesses, we put that to bed.  

The fact that bitcoin enables a cross-border payment option that multi-billion dollar companies like Visa and American Express and PayPal cannot offer, that will show people the real potential of bitcoin.



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June 27, 2012, 06:34:13 AM
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Nice press release. Well done indeed.

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June 27, 2012, 06:39:51 AM
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Congrats guys.

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June 27, 2012, 06:50:10 AM
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Have to say, Im surprised to read elsewhere you guys are still holding on to most of those bitcoins and trying to sell them "otc" as to not crash the exchanges. Since I assume you paid BFL in $ (or didnt you?), you are perhaps betting the company on BTCs future exchange rate on this one deal alone.

Granted, this is not your typical sale, but Im not sure this proves bitcoin is ready for these kind of deals; I think you could argue it proves the exact opposite.

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June 27, 2012, 07:48:32 AM
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Nice, glad to see Bitcoin gaining some publicity.

I sell BTC, PM me! Open to most forms of payment, prefer CIM though.

http://bitcoin-otc.com/viewratingdetail.php?nick=knokturnl
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June 27, 2012, 10:43:46 AM
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Congrats.

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June 27, 2012, 10:53:35 AM
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This is good of course; but it's not indicative of any growth of bitcoin in the wider economy.

It's all existing bitcoiners buying bitcoin mining gear for bitcoins.  If there were no such thing as bitcoin; these transactions would never have happened.

To get justifiably excited about this sort of record breaking announcement we would need to see it being made up of thousands and thousands of small, every day transactions, that would have happened whether bitcoin existed or not.

I get more excited about people buying baklava (sorry if misspelled) for bitcoins than I do about people buying mining rigs.

I love Baklava - where can I buy it for BTC?
paraipan
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June 27, 2012, 10:54:41 AM
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This is good of course; but it's not indicative of any growth of bitcoin in the wider economy.

It's all existing bitcoiners buying bitcoin mining gear for bitcoins.  If there were no such thing as bitcoin; these transactions would never have happened.

To get justifiably excited about this sort of record breaking announcement we would need to see it being made up of thousands and thousands of small, every day transactions, that would have happened whether bitcoin existed or not.

I get more excited about people buying baklava (sorry if misspelled) for bitcoins than I do about people buying mining rigs.

I love Baklava - where can I buy it for BTC?

http://mandrik.com/  Smiley

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waspoza
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June 27, 2012, 11:36:58 AM
 #16

Good news, gz guys.
Stephen Gornick
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June 28, 2012, 06:57:50 PM
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If there were still doubts that bitcoin would never be used for real commerce by real businesses, we put that to bed.  

Is there a directory that lists your customers (with their permission, of course)?    There may be businesses that accept bitcoin through Bit_Pay that I might would patronize but because I have no way of knowing of them, I'm not buying from them currently.

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June 28, 2012, 07:46:45 PM
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Why does the title say WSJ (I am assuming Wall Street Journal), but there's no WSJ link?
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June 28, 2012, 07:54:19 PM
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Why does the title say WSJ (I am assuming Wall Street Journal), but there's no WSJ link?
http://www.marketwatch.com/story/bitpay-shatters-record-for-bitcoin-payment-processing-2012-06-26

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June 28, 2012, 10:04:45 PM
 #20

$250,000 in transactions, good to see that your hard work is getting some funding rolling.

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