[WSJ] BitPay Shatters Record for Bitcoin Payment Processing

Gareth Nelson

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Quote from: paraipan on June 27, 2012, 05:54:41 AM

Quote from: Gareth Nelson on June 27, 2012, 05:53:35 AM

Quote from: realnowhereman on June 26, 2012, 07:19:18 AM

This is good of course; but it's not indicative of any growth of bitcoin in the wider economy.

It's all existing bitcoiners buying bitcoin mining gear for bitcoins. If there were no such thing as bitcoin; these transactions would never have happened.

To get justifiably excited about this sort of record breaking announcement we would need to see it being made up of thousands and thousands of small, every day transactions, that would have happened whether bitcoin existed or not.

I get more excited about people buying baklava (sorry if misspelled) for bitcoins than I do about people buying mining rigs.

I love Baklava - where can I buy it for BTC?

http://mandrik.com/

If that's your site, check your emails for an exciting query from Gareth regarding international shipping and expect a bitcoin payment soon afterwards via what I presume is the standard bit-pay button (otherwise it looks a hell of a lot like it).

Elwar

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Viva Ut Vivas

$250,000 in transactions, good to see that your hard work is getting some funding rolling.

Gabi

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If you want to walk on water, get out of the boat

Quote from: SgtSpike on June 28, 2012, 02:46:45 PM

Why does the title say WSJ (I am assuming Wall Street Journal), but there's no WSJ link?

http://www.marketwatch.com/story/bitpay-shatters-record-for-bitcoin-payment-processing-2012-06-26

SgtSpike

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Why does the title say WSJ (I am assuming Wall Street Journal), but there's no WSJ link?

Stephen Gornick

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Quote from: BitPay Business Solutions on June 27, 2012, 01:11:06 AM

If there were still doubts that bitcoin would never be used for real commerce by real businesses, we put that to bed.

Is there a directory that lists your customers (with their permission, of course)? There may be businesses that accept bitcoin through Bit_Pay that I might would patronize but because I have no way of knowing of them, I'm not buying from them currently.

waspoza

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Good news, gz guys.

paraipan

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Quote from: Gareth Nelson on June 27, 2012, 05:53:35 AM

Quote from: realnowhereman on June 26, 2012, 07:19:18 AM

This is good of course; but it's not indicative of any growth of bitcoin in the wider economy.

It's all existing bitcoiners buying bitcoin mining gear for bitcoins. If there were no such thing as bitcoin; these transactions would never have happened.

To get justifiably excited about this sort of record breaking announcement we would need to see it being made up of thousands and thousands of small, every day transactions, that would have happened whether bitcoin existed or not.

I get more excited about people buying baklava (sorry if misspelled) for bitcoins than I do about people buying mining rigs.

I love Baklava - where can I buy it for BTC?

http://mandrik.com/

Gareth Nelson

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Quote from: realnowhereman on June 26, 2012, 07:19:18 AM

This is good of course; but it's not indicative of any growth of bitcoin in the wider economy.

It's all existing bitcoiners buying bitcoin mining gear for bitcoins. If there were no such thing as bitcoin; these transactions would never have happened.

To get justifiably excited about this sort of record breaking announcement we would need to see it being made up of thousands and thousands of small, every day transactions, that would have happened whether bitcoin existed or not.

I get more excited about people buying baklava (sorry if misspelled) for bitcoins than I do about people buying mining rigs.

I love Baklava - where can I buy it for BTC?

TTBit

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Congrats.

knokturnl

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Nice, glad to see Bitcoin gaining some publicity.

P4man

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Have to say, Im surprised to read elsewhere you guys are still holding on to most of those bitcoins and trying to sell them "otc" as to not crash the exchanges. Since I assume you paid BFL in $ (or didnt you?), you are perhaps betting the company on BTCs future exchange rate on this one deal alone.

Granted, this is not your typical sale, but Im not sure this proves bitcoin is ready for these kind of deals; I think you could argue it proves the exact opposite.

FreeMoney

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Strength in numbers

Congrats guys.

Jan

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Nice press release. Well done indeed.

BitPay Business Solutions

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If there were still doubts that bitcoin would never be used for real commerce by real businesses, we put that to bed.

The fact that bitcoin enables a cross-border payment option that multi-billion dollar companies like Visa and American Express and PayPal cannot offer, that will show people the real potential of bitcoin.

kiba

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bit-pay have over 600 merchants using it! That's what I am more interested in, not a company selling mining tools.

yadndn

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china biggest bitcoin website pick up it too
like this link:
http://www.hxtop.com/html/bt01/20120627936.html

paraipan

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Quote from: BitPay Business Solutions on June 26, 2012, 07:09:52 AM

This should be picked up on the wires soon:

http://www.prweb.com/releases/2012/bitcoin/prweb9637829.htm

Picked up by Marketwatch (WSJ)

http://www.marketwatch.com/story/bitpay-shatters-record-for-bitcoin-payment-processing-2012-06-26

Great news, keep up the good work guys

Blazr

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So, this means atleast 8TH is going to be popping up when ASIC launches...... anyone want to buy my GPU's?

realnowhereman

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This is good of course; but it's not indicative of any growth of bitcoin in the wider economy.

It's all existing bitcoiners buying bitcoin mining gear for bitcoins. If there were no such thing as bitcoin; these transactions would never have happened.

To get justifiably excited about this sort of record breaking announcement we would need to see it being made up of thousands and thousands of small, every day transactions, that would have happened whether bitcoin existed or not.

I get more excited about people buying baklava (sorry if misspelled) for bitcoins than I do about people buying mining rigs.

BitPay Business Solutions

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This should be picked up on the wires soon:

http://www.prweb.com/releases/2012/bitcoin/prweb9637829.htm

Picked up by Marketwatch (WSJ)

http://www.marketwatch.com/story/bitpay-shatters-record-for-bitcoin-payment-processing-2012-06-26

Picked up by San Francisco Chronicle

http://www.sfgate.com/business/prweb/article/BitPay-Shatters-Record-for-Bitcoin-Payment-3663354.php

Picked up by Yahoo!

http://news.yahoo.com/bitpay-shatters-record-bitcoin-payment-processing-115211789.html

Picked up by WN

http://article.wn.com/view/2012/06/26/BitPay_Shatters_Record_for_Bitcoin_Payment_Processing/

Picked up by Virtual-Strategy

http://www.virtual-strategy.com/2012/06/26/bitpay-shatters-record-bitcoin-payment-processing

Topic: [WSJ] BitPay Shatters Record for Bitcoin Payment Processing (Read 2598 times)