A Bitcoin ATM sticker is posted to the window of a coffee shop in downtown Vancouver, Monday, Oct. 28, 2013. The ATM, which will be officially unveiled on Tuesday, will allow consumers to exchange Canadian cash for digital cash. (AP Photo\/The Canadian Press, JONATHAN HAYWARD) <\/p>\n
JONATHAN HAYWARD, ASSOCIATED PRESS <\/p>\n
For this Saturdays Georgia Tech home football game against Duke, fans should bring their team jersey, face paint, beer-resistant poncho and smartphone, but forget the wallet. Theres a new way to pay for concessions at Georgia Tech: bitcoin, reports the Atlanta Journal-Constitution. <\/p>\n
Bobby Dodd Stadium at Georgia Tech is only one of a growing list of places integrating the use of digital currency. <\/p>\n
\"Bitcoin is described by bitcoin.org as 'an innovative payment network and a new kind of money.' It is a peer-to-peer payment network with no middleman. Users send and receive bitcoins within the (digital) network of those honoring the system,\" reports a Deseret News article from April. <\/p>\n
Companies like Dell, Dish Network, Expedia, Overstock, Amazon and, most recently, PayPal are a few big names accepting bitcoin as payment for online shopping, reports the International Business Times. PayPal-using merchants, like eBay, Uber, Airbnb and TaskRabbit, will soon also begin taking the currency. <\/p>\n
But Bitcoin is also being used beyond cyberspace. It is entering the real world. <\/p>\n
Some 3,000 businesses around the world accept bitcoin for payment, according to coinmap.org, says the Wall Street Journal. <\/p>\n
\"Brick-and-mortar stores including Home Depot, CVS, Kmart and Sears\" accept bitcoin at their check-out stands, reports Forbes. <\/p>\n
Local mom-and-pop stores and restaurants are upgrading to the digital currency, too. Right now, only a handful of retailers in each big city are taking bitcoins, but that number is growing. Coinmap provides an interactive worldwide map to click and zoom to find nearby bitcoin-accepting retailers and restaurants. <\/p>\n
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Bitcoin expands to daily, in-store purchases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A Bitcoin ATM sticker is posted to the window of a coffee shop in downtown Vancouver, Monday, Oct. Continue reading