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Will Bitcoin become a legitimate currency for large companies?

John Brandon | July 8, 2015
While you still can’t use the infamous – and misunderstood – digital currency to pay for goods at your local big box outlet, Bitcoin use for real goods and services is growing…fast.

"Bitcoin has become more legitimate or at least it is perceived as more legitimate, because of the major retailers jumping on board and accepting it," says Marc Diana, the CEO of MoneyTips, a financial management company. "With retailers like CVS and Amazon now accepting it through third party processors, the coins are perceived as being a trusted source to buy goods with and, if they were not, retailers would not accept them, even though they are not actually accepted by major retailers outside of OverStock.com. Perception is half the battle." 

As blockchain tech improves, more people hear about Bitcoin as a payment method, the currency continues to stabilize, and more companies start accepting it, the enterprise may follow suit.

 

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