All About Bitcoin

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Bitcoin ATM’s Appearing All Over the World: This Time in Spanish Hotel

The first licensed Bitcoin exchange is finally here and this is thanks to San Francisco based Bitcoin startup, Coinbase. The Bitcoin services provider company officially launched its newest product to consumers in 24 states across the United States. So if you happen to be an avid Bitcoin mining fan or Bitcoin miner, these could result is some of the most positive news the virtual coin has seen in the past few months.

The company’s announcement is taking place right in the middle of a surge of news that suggest the US Bitcoin exchange market is about to welcomed by new high-profile entrants.

According to Coinbase, with this move they hope to “bring increased stability to the bitcoin ecosystem.” Thus far, the company has already offered what worked as an online Bitcoin exchange, giving users the chance to trade the virtual currency for dollars and other fiat currencies. However, the new Coinbase Exchange gives Bitcoin a much-needed added legitimacy to a system that has conducted its operations outside of government regulations.

Coinbase claims to operate 2.1 million consumer wallets and to serve close to 40,000 merchants. At launch, the new exchange website presented a few minor problems with pages failing to completely load for some customers, and other users reporting problems accessing the service. However, despite these minor issues reports confirm that transactions were successful.

Buy (Almost) Anything You Want with Brawker and Bitcoins

Brawker, an online site that matches people who want to purchase Bitcoin with others who want to buy items online with the crypto currency and obtain a discount, is changing the world as we know it. Or at least for those of us who are into Bitcoin mining or the universe of Bitcoin itself.

According to Brawker you can almost certainly buy anything you may need or want online with Bitcoin. Brawker offers discount shopping at all legitimate online retailers by giving users the chance to semi-anonymously buy Bitcoin by shopping for what others have posted they need and then user their credit/debit cards or PayPal to pay for these.

There’s a 1% cost of transaction for each of the two parties involved. But, how does it work? Let’s say you’re looking for a pair of $70 shoes and want to buy it using your Bitcoin, however the site won’t take these as a form of payment. All you need to do is head to Brawker and write a post. Soon thereafter someone will be willing to place this order in return for your Bitcoins. And since the buyer can buy the digital currency with a credit/debit card or PayPal without having to register any ID and address with an exchange, this person is willing to pay a premium for those Bitcoins.

How About Paying for Taxes with Bitcoin?

There are some things in life that aren’t particularly easy if you don’t know what you’re dong. You can add Bitcoin mining to the list of things. Paying your taxes is also never easy nor fun. It’s especially tricky if you don’t really know what you’re doing and end up hiring someone else to do them for you. However, you can now combine both things in one and pay for your taxes with your favorite crypto currency. Does this make the process more hassle-free? It just might make it more fun for you.

Earlier this year Bitcoin-based shopping cart snapCard expanded its offerings and launched a pay-the-IRS service for its customers. Users are able to pay for their taxes in Bitcoin and all USD transactions are processed through a payment processor. According to one of the company’s founders, Ioannis Giannaros, “Tax services are truly relevant right now. Essentially, you fill out a form and you say how much you want to pay. Then, we invoice you.”

Now, Jason Lamarche, a Vancouver politician has been pretty vocal about his thoughts on Bitcoin and taxes. The politician believes the Canadian city should allow residents to pay their taxes, fines and fees using the virtual currency. According to Lamarche the city of Vancouver is considered the country’s technological capital but they’re failing to promote this new technology altogether. He believes Bitcoin has a strong disruptive potential but as of now the city has stated it has no plans to consider accepting Bitcoin payments. Nevertheless, since Bitcoin donations are legal in Vancouver, things could change sooner than expected.

 

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