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Topic: We need only 1 big company of USA to start accepting Bitcoin - page 3. (Read 6108 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
That would bring Bitcoin mainstream fast but it aint gona happen, China's willing to get behind Bitcoin and give it a chance but corporate USA won't tread on their banking cronies toes. So we get this weird situation we're in with one part of the media pushing Bitcoin like crazy so the US doesn't loose its lead and another part trying its best to discredit Bitcoin as a passing fad (don't forget the tulips Wink ). The US has spent years putting up barriers so only "our kind of people" get to profit from new opportunities and innovations, it worked in the good times but now its going to cripple them.

Hugely important point being made here.

The establishment in USA is going to strangle itself on its own old rules ... good riddance is all I can say.
legendary
Activity: 1806
Merit: 1003
I believe the biggest company accepting bitcoin in USA is wordpress.com?
full member
Activity: 238
Merit: 100
ASIC Myth Buster
But to capture one of the large market, BTC can't miss USA.  Wire Transfer from EU or even HK will cost US users $50 per transfer + whatever the buy price loss and less than 1% service fee.

Seems like EU is covered as Bitstamp has office in UK and seems to be okay with their GOV, Chinese are almost okay but something funny going on in HK Gov.  MtGox got Japan and at least they are doing okay with the Japanese Regulators and some of the EU Regulators as MtGox provide "Know your Customer" or BSA things to the US IRS, so many people

full member
Activity: 120
Merit: 100
Bitpay is in USA Market
Bitstamp is I thought headed to USA as well

Sad part is Mt Gox lost the US Market.  Now they are in the legal problems in USA and the court case is against them.  US Gov seized their US Bank Accounts.


US Market is a tough one to get into.  So many financial regulations and it will cost at least $2,000,000 to register as the Financial Service Company + regulatory filing cost with USA Hourly Lawyer fees that would be another $250,000 USD + a few financial professionals to hammer out the compliance things + a publicly accessible offices.

It seems to be at least $5,000,000 USD just to get into the market with 6-12 month waiting period.



Bitstamp is based in Slovenia.

Stupid idea for anyone to start up in the USSA these days with the hostile government and excessive regulations, much better to setup somewhere like Hong Kong, Singapore etc. 
sr. member
Activity: 280
Merit: 250
I don't see why Google shouldn't start accepting BTC. Would make total sense to me, and it would be huge for the bitcoin economy. China is running away with it at this point.

From what I read about the Google Glasses, they should accept bitcoin soon. Because you can pay bitcoin using your Google Glasses.
full member
Activity: 284
Merit: 122
www.diginomics.com
I don't see why Google shouldn't start accepting BTC. Would make total sense to me, and it would be huge for the bitcoin economy. China is running away with it at this point.
newbie
Activity: 42
Merit: 0
maybe this need future if america not die in crysis  Huh
full member
Activity: 280
Merit: 100
I think he is talking about the positive exposure, not the Bitcoin wallet of Baidu.


yes i do.
full member
Activity: 238
Merit: 100
ASIC Myth Buster
Bitpay is in USA Market
Bitstamp is I thought headed to USA as well

Sad part is Mt Gox lost the US Market.  Now they are in the legal problems in USA and the court case is against them.  US Gov seized their US Bank Accounts.


US Market is a tough one to get into.  So many financial regulations and it will cost at least $2,000,000 to register as the Financial Service Company + regulatory filing cost with USA Hourly Lawyer fees that would be another $250,000 USD + a few financial professionals to hammer out the compliance things + a publicly accessible offices.

It seems to be at least $5,000,000 USD just to get into the market with 6-12 month waiting period.

legendary
Activity: 2156
Merit: 1131
I think he is talking about the positive exposure, not the Bitcoin wallet of Baidu.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Guys the chines are rushing on Bitcoin because Baidu started accepting it.. and gives Bitcoin HUGE exposure in china.
we only need 1 big company to start accepting Bitcoins and we can take back reins from China i'm afraid if this wont happen soon most of BTC will be in china.. ;(

https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

Quote
Total Received   1.37549469 BTC

Good luck with taking back the reins from China. From the looks of Baidu's transactions, no country will be able to catch up.

full member
Activity: 280
Merit: 100
Guys the chines are rushing on Bitcoin because Baidu started accepting it.. and gives Bitcoin HUGE exposure in china.
we only need 1 big company to start accepting Bitcoins and we can take back reins from China i'm afraid if this wont happen soon most of BTC will be in china.. ;(
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