Bitcoin 101 — 4 Small Business Case Studies


April 16, 2013

By Bob Coleman
Editor, Coleman Report

BitCoinBitcoin, the virtual currency has been in the news recently has a new alternative currency.

Here is how four entrepreneurs use bitcoin.

1) One accepts bitcoin due to speed. No waiting one or two days for Paypal or credit card deposits.

2) A BBQ restauranteur mines bitcoins, and has accept ten transactions.

3) Another restauranteur accepts bitcoins, and immediately converts them to cash.

4) Bitcoins account for 33% of international sales for one product line.

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