Bitcoins for Online Shopping: Are They Beneficial for Merchants and Consumers Alike?
Major online retailers like Tiger Direct and Overstock have started accepting bitcoin as one of their payment options. Unlike credit cards which are vulnerable to hacking, paying via bitcoins is much like paying via cash. Bitcoin payments directly encrypts money instead of giving out credit card information online. These major retailers benefit in using this digital currency because of lesser transaction fees and its security to purchase goods across the globe without thinking about wire fees and risks of exchange...
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