Comment Re:Killing two birds with one stone? (Score 1) 408
Wrong. Whole Foods accepts bitcoin.
No Whole Foods here.
Less than 50 listed for all of North America, that's hardly a counter-argument.
Overstock.com, Amazon, CVS, Target, Victoria's Secret, Zappos, the list keeps growing.
Of course most of these stores actually use a payment processor that immediately converts the bitcoins to USD for them, but if more and more stores start accepting it, at some point the currency may become so practical that such conversions will no longer need to be made. If a company does business with another company that accepts bitcoin, they may as well take bitcoin from their clients and then use those bitcoins to pay their suppliers. Transaction fees are much lower than those for credit cards, you don't even need any middle men.
Yeah, and if enough people start trying to pay in tulip bulbs, and if they reeeeally believe...
I couldn't believe Victoria's Secret takes bitcoin, and sure enough they don't. They take gift cards.... that can be purchased with bitcoin. Which is exactly what the parent was arguing, "I can exchange BTC for my local currency and then go about my business, but that's about it."