Cheapair.com Is “Excited” To Accept Bitcoin From Subway sandwich shops to College Universities, Bitcoin is beginning to be accepted by traditional bricks-and-mortar businesses. The latest company to throw their acceptance into the world of digital currencies is Cheapair.com. Now you can buy plane tickets, book a hotel, and pay for a rental car using Bitcoin. USAtoday reports: “An online travel agency in Los Angeles and a European private university have begun accepting payments in the popular virtual currency known as Bitcoin, a sign that businesses are moving into a new global economic era. CheapAir.com, an online travel agency based in …continue reading

University of Nicosia is First in the World To Do So Another day, another announcement of Bitcoin being accepted as a form of payment. We’ve reported on Subway restaurants accepting Bitcoin as payment for a meal, and now comes the story of a private university in Cyprus that has started accepting Bitcoin as payment for tuition fees. Globalnews.ca reports: “Cyprus’ biggest private university said Thursday it will start accepting the digital currency Bitcoin as an alternative way to pay tuition fees. The country had been a hub for international banking before suffering a collapse in its financial system this year, …continue reading

Launch Date Set for November 25 In another development that is laying the foundation for Bitcoin to become a mainstream global currency, Canadian tech company Wagepoint has announced the launching of the world’s first payroll software that has the capability to issue paychecks in Bitcoin. Digital Journal reports: “Canadian HR Tech startup, Wagepoint will be launching a bitcoin integration on November 25 that will help employees of small and medium sized businesses in Canada get a portion of their net pay in bitcoin. This integration with Wagepoint’s online payroll software, Pay has been made possible through a partnership with the …continue reading

Another Century Mark Falls It was just barely a week ago that the value of one Bitcoin surpassed the $400 mark. Fast-forward one week and the next century mark has fallen as the price of Bitcoin just passed $500 for the first time ever. Mining.com is reporting: “Bitcoin is soaring. The crypto-currency hit the $500 mark for the first time on Sunday – a fifty fold increase in 12 months, according to CoinDesk. Just a couple weeks ago, you could buy one bitcoin (BTC) for about $250. There are currently just over 12 million bitcoins in existence, with a total market …continue reading

Silicon Valley Firm Opens Program Exclusively for Bitcoin Start-ups Plug and Play Tech Center, which has three locations in Silicon Valley, was one of the seed investors that placed capital into Paypal back when it was just a fledgling start-up. Of course, Paypal is now a mature company which no longer needs venture capital. Now, however, after realizing the potential that Paypal had to change the financial world and the way payments are made, Plug and Play Tech Center has turned its attention to yet another start-up with an equal or greater potential the change the financial world: Bitcoin. Entrepreneur …continue reading

Pennsylvania Shop is First in U.S. to Accept Bitcoin The Subway restaurant chain, with 40,735 restaurants in 102 countries, has not adopted nor is officially accepting Bitcoin as a payment form. However, being a franchise model, each restaurant is independently owned and operated, and one owner in Pennsylvania – the first owner in the U.S. and second globally – has decided to begin accepting Bitcoin as payment for its sandwiches. Coindesk is reporting: “The shop, in Allentown, Pennslyvania in the US, is the second bitcoin-accepting Subway to come to light after an outlet in Moscow was found to be offering …continue reading

Using Nasdaq Technology, Exchange Can Process Millions of Trades Per Second Techcrunch is reporting that Bitcoin exchange itBit has raised another $3.25 million to further enhance its Bitcoin trading exchange. By offering state of the art security, bank-like compliance, and Nasdaq exchange technology that can handle millions of trades per second, itBit is seeking to lure institutional investors in the rapidly growing virtual currency. From the Techcrunch story: “There are a number of Bitcoin exchanges out there today, but a new startup called itBit hopes to legitimize the market by providing bank-like security and compliance. This newest Bitcoin exchange has raised …continue reading