The media is covering it.Universities are studying it.The government is seeking to regulate it.And entrepreneurs are embracing it.Business owners throughout the country have begun to accept bitcoin as the currency of the future.Related: Is Bitcoin Speculative Foolery or a Financial Services Breakthrough?Launched in 2009, bitcoin is a form of digital currency created and held electronically.It allows individuals to transmit money to one other online without using a bank or other intermediary., for example, has accepted bitcoin as payment since 2013. that the idea to accept the digital currency sparked from a customer's inquiry.Today, the company not only accepts bitcoin but finds that one of its key advantages is that these transactions are irreversible.Unlike a credit card transaction, where customers can later dispute charges or submit claims of fraud, once a bitcoin payment is finalized, it can no longer be disputed or reversed.Business owners who accept bitcoin are also subject to lower transaction fees.

Most owners typically pay processing fees between 2 percent and 4 percent of the revenue from each credit card transaction.But the use of bitcoin is free.(Business owners who convert their bitcoin revenue to U.S.dollars my face a processing fee, but that fee ordinarily hovers around 1 percent.)Related: Why Billionaire Investor Reid Hoffman Is Betting Big on BitcoinThe bottom line cost on business owners to accept bitcoin, then, is much lower than that of many other forms of payment.Another advantage associated with accepting bitcoin is that the practice opens a new customer base.A little over a year ago, BloomNation became the first floral website to accept bitcoin as a form of payment.David Daneshgar, one of its founders, describes bitcoin users as a “tight-knit community.” According to Daneshgar, bitcoin users are particularly supportive of companies that use the currency. saw a spike in sales, partially as a result of a message posted through a bitcoin website forum.Finally, bitcoin provides for an easier online checkout for customers.

When customers are purchasing products or services online with a credit card, they are oftentimes required to provide their address, phone number, email and other pierces of personal information.Bitcoin transactions don’t require such information and allow for a much quicker and easier checkout process.Is bitcoin the wave of the future?But entrepreneurs, the quintessential risk-takers, are willing to hedge their bets.For those business owners thinking of offering bitcoin as a method of payment for customers, Stephen Shearin, president of AmericanGreen (the first publicly traded medical marijuana dispensary brand in the world), recommends maintaining the traditional methods of payment, like credit cards and even cash.Because bitcoin is not yet universally accepted, a fair amount of public education is still necessary before people accept bitcoin as a legitimate currency.Related: Microsoft Is Now the Largest Company in the World to Accept Bitcoin List Your Business Find Service Near You LONDON: Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 per cent climb in 2016.

Bitcoin - a web-based "cryptocurrency" that has no central authority, relying instead on thousands of computers across the world that validate transactions and add new bitcoins to the system - jumped 2.5 per cent to $1,022 on the Europe-based Bitstamp exchange, its highest since December 2013.Though the digital currency has historically been highly volatile - a tenfold increase in its value in two months in late 2013 took it to above $1,100, before a hack on the Tokyo-based Mt.kill alien bitcoinGox exchange saw it plunge to under $400 in the following weeks - it has in the past two years been more stable.bitcoin co nghia la giIts biggest daily moves in 2016 were around 10 per cent, still very volatile compared with fiat currencies, but markedly lower than the trading of 2013, which saw daily price swings of as much as 40 per cent.bitcoin hilesi 2017

Bitcoin may have been boosted in the past year by increased demand in China on the back of a 7 per cent annual fall in the value of the yuan in 2016, the Chinese currency's weakest showing in over 20 years.Data shows most bitcoin trading is done in China.Bitcoin is used to move money across the globe quickly and anonymously and does not fall under the purview of any authority, making it attractive to those wanting to get around capital controls, such as China's.bitcoin mit mastercardIt also may appeal to those worried about a lack of supply of cash, such as in India, where Prime Minister Narendra Modi removed high-denomination bank notes from circulation in November.nxt or bitcoin"The growing war on cash, and capital controls, is making bitcoin look like a viable, if high risk, alternative," said Paul Gordon, a board member of the UK Digital Currency Association and co-founder of Quantave, a firm seeking to make it easier for institutional investors to access digital currency exchanges.bitcoin pool calc

Though bitcoin is still some way off the all-time high of $1,163 that it reached on the Bitstamp exchange in late 2013, there are now more bitcoins in circulation - 12.5 are added to the system every 10 minutes.Its total worth is at a record-high above $16 billion, putting its value at around the same as that of an average FTSE 100 company.bitcoin blockchain download 2015Get Latest Articles to Your Inbox What a good start of the New Year for those holding Bitcoins!ethereum reutersWeb-based digital currency Bitcoin has passed $1,110 for the first time on the Bitstamp Price Index (BPI) since early November 2013.o que é moeda bitcoinBitcoin broke the barrier on 1 January and now is trading above $1,150 mark at the time of writing, marking a bright beginning to 2017 for the digital currency.

At the time of writing, 1 Bitcoin = $1158.99.Bitcoin is a revolutionary virtual currency that has no central authority; instead, it relies on thousands of computers worldwide that validate transactions and add new Bitcoins to the system.The world’s first and most famous cryptocurrency is developed around Blockchain, which is a complex cryptographic protocol and a global computer's network that oversees and verifies which Bitcoins have been spent by whom.The identity of the people spending Bitcoins is extremely difficult to trace because of its anonymous nature.Therefore, the currency is very popular among criminals.The digital currency has historically been highly volatile.Its value reached above $1,100 in two months in late 2013, before the Tokyo-based Mt.The incident dropped the Bitcoin value to under $400 in few weeks.So what's behind the recent surge in the Bitcoin value?Market watchers have suggested that the value of Bitcoin may have been boosted in the past year by increased demand in China on the back of a 7 percent annual drop in the value of the yuan in 2016, which is the Chinese currency's weakest annual performance in over 20 years.