Wall street was abuzz with Bitcoin news this week. It started with Zynga’s low key announcement that they are now accepting the new digital currency and was quickly followed by a similar announcement from Overstock. Accepting Bitcoin is a no-brainer for public companies that want to lower payment processing fees, protect consumer privacy and expand their user base. We can expect many more large retailers to follow suit since the have a fiduciary duty to increase shareholder value. For companies like Western Union that compete directly against the Bitcoin payment network significant obstacles lie ahead.
Western Union Stock Price. Facing pressure from Bitcoin?
Read More @ Daily Bitcoins: Will Western Union Be the First Bitcoin Casualty on Wall Street?
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