The growing acceptance of Bitcoin

Bitcoin seems to be everywhere lately. The immense popularity of the cryptocurrency seems to be finding its way into all

Bitcoin seems to be everywhere lately. The immense popularity of the cryptocurrency seems to be finding its way into all aspects of our lives.

In addition to the rise in its price point, we have lately also seen the Bitcoin ATM surpass $100,000 in transactions just a few days ago, something many thought would see its demise as did similar attempts earlier this year in San Diego and Cyprus, and we are seeing more outlets that are accepting the digital currency as a payment method. The story does not stop there, last week in Moscow, a Subway franchise began accepting Bitcoin as payment, and just 2 days ago news came out about another Subway store accepting Bitcoin as well.

Every day it seems more businesses are accepting Bitcoin. Today, a website called Ink Factory, which sells printer ink and toner cartridges, put up on their Twitter page that they are now accepting Bitcoin as a form of payment.

2013 did without a doubt mark the emergence of Bitcoin. After its initial release in 2009, many thought that Bitcoin would be a passing fad. This year however, with stories, such as Cyprus and China investing in Bitcoin  and the closure of Silk Road, it seems that Bitcoin has been everywhere.  

From the now famous alpaca socks to first person shooters, it seems that Bitcoin is not only for the seedy underworld of the internet, or an internet only currency, but is becoming legitimate tender for all kinds of businesses.

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Althought the future of the digital currency looks promising, only time will tell if this is really the beginning of a new area or, as some believe, a genius but potentially harmful idea.

 

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