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Jan 02

2017 Brought Bitcoin to Business

I believe Bitcoin really hit main stream in 2017 and businesses started getting on board. Adding Bitcoin to the futures market and the NYSE caused a huge rise in it’s value.  Bitcoin could no longer be ignored as you will read in the following article by

Bitcoin Adoption by Businesses in 2017

Bitcoin Adoption by Businesses in 2017

2017 was a big year for Bitcoin. CBOE launched the first Bitcoin futures market, the NYSE filed for two Bitcoin ETF’s, and Bitcoin price rose over 1,300 percent. In 2017, Bitcoin became too big to ignore, as Bitcoin became more valuable, there were sizable increases in the amount of brick and mortars that accepted Bitcoin all over the world. Let’s take a look at the data.

Q1/17: Slight growth – 5.5%

According to Coinmap.org, on Jan. 3, 2017,  8,207 brick and mortar businesses accepted Bitcoin as a payment method for their goods and services.  On March 28, 2017, three days before the end of the first quarter, 8,665 businesses accepted Bitcoin. For the first three months of 2017, there was a 5.58 percent increase in Bitcoin accepting businesses.

You can read the rest of the story here.

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