Bitcoins and virtual currency – how do businesses cope?


l more businesses accept Bitcoin as a method of payment in the future?

Bitcoin speculators have made millions of pounds in the last few months as the value of the internet-based virtual currency has exploded.

But it’s unclear if the virtual currency is just a passing fad, or whether it may evolve into a valuable tool for doing business. Today Bitcoin is accepted by a small number of retailers, and David Woo, head of global rates and currencies research at BofA Merrill Lynch Global Research, believes that most do so simply for the publicity it earns them.



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