In our case, the marketplace is global. Secondly, the timing has to be right. That is always difficult to assess, but it remains a significant factor in the investment decision.
WASHINGTON: Digital currencies such as bitcoin carry significant risks, feds warn | Economy | McClatchy DC
The company has a goal to have 1million merchants using its platform by the end of 2016. Its a massive objective, given that the company is implicitlyhoping to grow its merchant base by 25Xin less than a year-and-a-half. BitPay is an interesting company, as it provides wallet-agnostic bitcoin payment processing transaction tipping, if you were curious, is taken care of by the paying party, not BitPay itself. As such, the companycan offer stronger margins than traditional payment providers who accept dollars and so forth. BitPays pitch to merchants is therefore simple: Use BitPay for free, accept bitcoin-based sales that might expand your total transaction volume, and even if they dont, you might save a few points on the sales that shifted from traditional currencies to bitcoin, as the bitcoin transactions were free. Apart from the implosion of Mt.Gox, 2014 has been a slow period for bitcoin.The price of bitcoin, which is correlated to public interest in the stuff , has been somewhat flat. According to BitPay CEO Tony Gallippi , that stability is actually seen as a plus by merchants though most merchants clear their bitcoin from sales directly into their currency of choice.
Why Bitcoin’s Growth Should Explode – Yahoo Finance
Consumers need a sheriff such as the Consumer Financial Protection Bureau to protect them from unscrupulous companies and unfair practices, Jeffrey Chester, the executive director of the Center for Digital Democracy, said in an email. The agency needs to better police the growing use of digital and other virtual currencies to make sure they operate fairly and dont place consumers at financial risk, Chester said. The bureaus alert makes it clear that virtual currencies are not ready for prime time, said Ed Mierzwinski, the consumer program director for U.S. PIRG, a consumer advocacy group. Youll probably have problems; let (the bureau) know if you do. The digital currency industry isnt opposed to government regulation as long as any new rules dont smother innovation, said Pete Rizzo, U.S.
GBI Secures Long Term Funding With Investment From New York Private Bank… — NEW YORK, Aug. 13, 2014 /PRNewswire/ —
“Gold is the ultimate store of value. As inflation, geopolitical and sovereign debt risks move to the forefront of investor minds, gold will become an effective hedging component in the portfolios of small and large investors alike.” Mr. Milstein added: “GBI provides the most cost effective and advanced trading platform for investors to purchase and store precious metals, given its ability to offer consumers transparent and razor-sharp pricing through unprecedented access to the largest network of dealers.” About GBI GBI (Gold Bullion International) is a leading institutional precious metals provider to individual investors and the wealth management industry. GBI’s technology and operations platform allows investors to acquire and manage their physical precious metals assets directly through GBI or through their existing wealth management account relationships. Precious metals are acquired through a competitive institutional dealer network, stored on behalf of investors in protected and insured vaults in New York, Salt Lake City, London, Zurich, Melbourne and Singapore, and audited by one of the big four accounting firms.
BitPay Staffs Up In San Francisco With Visa, PayPal Alums
Done Why Bitcoin’s Growth Should Explode By David Smith 2 hours ago 0 shares View photo . Service can grow fast in todays world. WhatsApp grew from zero users to 500 million in five years before being acquired by Facebook . Bitcoin, like WhatsApp, was created in 2009 and while bitcoin has experienced tremendous growth, it is 100 times smaller than WhatsApp. The Big Difference The big difference between these two technologies is that WhatsApp was immediately useful. There are no practical use cases for bitcoin today. Bitcoin is held as a speculative investment.