On day two of the ‘Inside Bitcoins’ conference in Seoul, Andrew Lee, CEO of Purse, took the stage in the afternoon to give his talk, entitled ‘Identifying Markets: Why Bitcoin Commerce Is Broken’. Possibly a puzzling statement from someone who runs a company that uses bitcoin! Purse.io is a marketplace which allows shoppers to use bitcoins to buy unused Amazon gift cards, giving the user significant discounts on the products. Recently they also announced their move to allow anyone to sell goods for bitcoin.
Beginning by comparing bitcoin to PayPal and other, traditional payment means, Lee discussed the areas of accessibility, technology, guidelines, trust, settlement times and cost of transactions, finding bitcoin ahead in every respect. Doing this, he raised the question of why then, had bitcoin not taken off to the extent that PayPal did in its first couple of years?
http://allcoinsnews.com/2015/12/11/andrew-lee-on-broken-bitcoin-commerce/
Topic: [2015-12-11] Andrew Lee On Broken Bitcoin Commerce (Read 294 times)
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