Sentences with phrase «reasoning of accepting bitcoin»

Not exact matches

Interestingly, back when various banks, Mastercard, VISA and PayPal all denied financial services to Wikileaks for donations and merchandising needs - it began to accept Bitcoin donations - which was one of the reasons behind Bitcoin gaining mainstream popularity.

«We at Malekula farms via accepting bitcoin, look to attract and do attract the tech - savvy centric generation of investors and at the same time by accepting bitcoin transfer a portion of our farmland real estate, an existing wealth asset into an accepted and unrestrained international currency vehicle for exactly the same reasons.»

For security reasons, Wall of Coins only accepts three payment methods for buying bitcoin.

There is a good reason for this; the chargeback mechanism inherent in these methods of payment makes it trivial to defraud a Bitcoin exchange that accepts them, but nevertheless the relative difficulty of alternative methods of payment remains a significant roadblock to many.

«My main reason for attempting to get others to accept bitcoins is that I love the speed and ease of bitcoin payments and have a distrust of most central banking methods,» Burgunder told Bitcoin Mabitcoin payments and have a distrust of most central banking methods,» Burgunder told Bitcoin MaBitcoin Magazine.

For that reason, it's hardly a surprise that forward - thinking companies — ranging from precious metal dealers to companies in the service industry — are seeing the benefits of accepting bitcoin as a form of payment.

Nevertheless, there are a lot of reasons why Bitcoin will further rise in the future as more and more governments are planning to accept and properly regulate Bitcoin as a currency and store of value.

There are a few Ponzi schemes accepting Bitcoin payments, which may be part of the reason.

The reason or reasons that Fiverr has now turned away from accepting bitcoin as a form of payment on their website is not known.

Some claim that reason of the Bitcoin popularity increase is because of the big companies like overstock that are accepting Bitcoin payments for their goods.

Johnson has an answer for that as well, however, stating that Bitcoin can be accepted and transferred into fiat currency almost immediately, there is no reason to hold it for companies — although Overstock does hold a large portion of theirs as an asset.

Microsoft is an example of another merchant that had to stop accepting bitcoin for a time in their store for a similar reason, however, they went back to accepting bitcoin.

At the same time, there is no reason not to accept Bitcoin payments as well to reduce the potential risk of fraud and chargebacks.