In a piece on Reason.com, Paul Best took a look at some recent news related to companies who are now embracing Bitcoin. From Apple to Facebook to Dish Networks.
From the article:
As government agencies have started assessing ways to regulate Bitcoin, big companies nationwide have begun to warm up to the decentralized, cryptographic currency.
Facebook can now be used to send or receive Bitcoin payments with friends through QuickCoin, which launched on May 21. All a user has to do is log in through the social media site, find a friend, click send, and the specified amount is automatically transferred. One disadvantage that advocates of Bitcoin have had to grapple with in bringing the currency mainstream is the relatively long wait time that it normally takes for the block chain—the public ledger for transactions—to confirm a transfer of Bitcoins. Quickcoin was developed in a way that allows for transfers to be instantaneous regardless of time or day, though.
Best goes on in the article to discuss Apple trying to mend fences with those who were outraged by Coinbase and Blockchain apps being pulled from the App Store. Recent announcements at the WorldWide Developers Conference open the door to Bitcoin related apps in the App Store. He also points out that Dish Newtwork will be accepting Bitcoin as a payment option in the third quarter of 2014. Dish will be using Coinbase as the payment processor.
Read the full article here
