BitPay Surpasses 10,000 Bitcoin Merchant Transactions, Zero Cases of Payment Fraud

“The key benefit that companies are starting to realize with bitcoin is the fraud mitigation.  With credit cards, one out of every 167 transactions turns out to be fraudulent for domestic orders, and for international orders the rate is one out of every 50 transactions (source:  Cybersource 2012 Online Fraud Report).  Every day, more companies are starting to see the value that bitcoin can bring to their business, whether it’s reducing risk, expanding international sales, or improving efficiency.”

formerly http://libertycrier.com/finance/bitpay-surpasses-10000-bitcoin-merchant-transactions-zero-cases-of-payment-fraud/

The Freedom Watch Staff

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