Tuesday, October 22, 2013
THE MERCHANT PERSPECTIVE ON DIGITAL MONEY
For merchants, Bitcoin’s appeal is twofold: The fees are much lower than for traditional payment networks, and like cash, Bitcoin does not have chargeback risk. For merchants that want to avoid the volatility of Bitcoin’s exchange rate with the dollar, there are services that will take the currency risk for them, for a fee that still beats the legacy systems. This panel will discuss the types of merchants where virtual currencies are gaining traction, and why.