Bitcoin is virtually a developing country
Open for business.
Four thousand transactions a day and total 2013 transactions of $100 million would be chump change for Visa or Mastercard, but it represents blindingly fast growth for Bitpay, which only moved $3 million in 2012. It’s an Atlanta-based transaction processor, one of three Bitcoin-related companies sharing a small booth in the back of CES’s south exhibit hall.
Bitpay is one of several companies that make it possible for merchants – big or small, online or bricks and mortar – to accept Bitcoins from customers and get dollars, or whatever national currency they prefer, in return.… More