Only 3 of the top 500 online merchants accept bitcoin.
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Bitcoin continues to be regularly associated with events that aren’t reassuring to small businesses.
Buttercoin, a bitcoin exchange startup backed by some big names in Silicon Valley, is closing its doors at the end of this month after failing to raise new investment.
Bottomline prediction: If bitcoin makes it to the mainstream, it won’t be because it finds a following on Main Street.
Touted to small businesses as a low-cost alternative to the high fees of credit card transactions, Bitcoin today is demonstrating the flipside of its promise: a wildly fluctuating value.
Three small business tech trends to watch and three to ignore.