Phrase by 'Perianne Boring'
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Digital assets, including bitcoin, could save small businesses substantial transaction fees and provide an added layer of security to their payment processing.
Author: Perianne Boring - American BusinesswomanSecurity , Small , Digital , Bitcoin
Businesses which were slow to recognize the power of the Internet in the mid '90s were quickly left behind. For example, Blockbuster failed to innovate with streaming technology and filed for Chapter 11 bankruptcy in 2010.
Author: Perianne Boring - American BusinesswomanInternet , Power , Technology , Slow
The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees.
Author: Perianne Boring - American BusinesswomanTime , Way , Step , Customer
With Bitcoin, every transaction is publicly verified, so many risks are eliminated, including chargeback fraud or 'friendly fraud.' This is when a customer purchases something online with a credit card; waits to receive the goods or service, then requests a chargeback refund. The bank then forcibly takes the funds out of the merchant's account.
Author: Perianne Boring - American BusinesswomanService , Credit , Risks , Customer
A new product, technology, or innovation - such as Bitcoin - has the potential to give rise both to frauds and high-risk investment opportunities. Potential investors can be easily enticed with the promise of high returns in a new investment space and also may be less skeptical when assessing something novel, new, and cutting-edge.
Author: Perianne Boring - American BusinesswomanNew , Space , Innovation , Technology
Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such as the U.S. dollar or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.
Author: Perianne Boring - American BusinesswomanMoney , Like , Government , Authority
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