Hundreds of Merchants to Participate on “Bitcoin Friday”
Photo Credit: CNN
In another sign that Bitcoin is beginning to go mainstream, approximately 500 merchants are anticipated to participate in Bitcoin Black Friday.
CNN reports:
“Hundreds of merchants will be joining “Bitcoin Friday” on Nov. 29, selling everything from Christmas trees to clothes, to web domains.
Media outlets are jumping into the Bitcoin deals bandwagon too: GOOD Magazine is giving away $5 discounts for subscriptions and the Free Press is slashing shipping costs. Reddit is also offering a deal on “Reddit Gold.”
Gyft is also selling gift cards to Amazon (AMZN, Fortune 500), Target (TGT, Fortune 500) and Marriott (MAR, Fortune 500) hotels. And people can also make charity donations with bitcoins.
‘Good companies that really get technology and the potential of Bitcoin are joining,’ said Holmes Wilson of Fight for the Future, an organization backing Bitcoin Friday. Wilson noted that the participating companies so far are offering ‘high quality special gifts.’
Another bitcoin perk: transaction fees are considerably less than with credit cards — typically a fraction of a penny. That means the deals for Bitcoin Friday, in comparison to Black Friday or Cyber Monday, could be 3% to 5% cheaper than conventional deals, noted Jon Holmquist, co-founder of Bitcoin Friday.”
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