New York City

New York City Retailers See Big Upside By Accepting Bitcoins

(New York Post) Shave and a haircut — two bitcoins?

Sure, its value might rise and fall by the day, but some small business owners in New York City are buying into Bitcoin by accepting the buzzed-about currency at their brick-and-mortar locations. They’re saying the benefits are many, and the disadvantages are next to none.

That’s right, the digital currency — infamously linked to the purchase of drugs and guns — isn’t just for buying illegal goods anonymously online. It’s becoming a preferred method of payment for innovative business owners.