newguy05
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December 21, 2017, 10:06:02 AM |
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The Bank of America has stated that Bitcoin can potentially become a major means of payment for eCommerce and can also become competition to money transfer providers. It is rather interesting that a bank is expressing a positive opinion of Bitcoin and it shows that Bitcoin is gradually receiving wider support. However, the bank further stated that if Bitcoin gets too big, the government might have to do something about it. This is not necessarily a concern, but it is definitely something to think about.
Bitcoin is dynamic, distinguished, and is the most popular form of digital currency right now. The increasing support for this crypto currency has taken it to a different level. People now all over the world are starting to use Bitcoin as a way of transactions and also for investments. In addition, with news coverage, the virtual currency has been taken mainstream where basically everyone has at least heard of the coin. This is why even though Bitcoin is still at its early stages; it has the potential to grow into something larger, and more valuable. Even Overstock.com has started accepting bitcoins. Who knows
maybe Amazon, Target, Walmart, Newegg, Staples, or even Macys is next? All in all, it seems highly likely that many retailers will start accepting the digital currency as a payment method soon.
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