Bitcoin 101 — 4 Small Business Case Studies
April 16, 2013
By Bob Coleman
Editor, Coleman Report
Bitcoin, 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.