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August 06, 2014, 07:00:21 PM


Could you elaborate on the importance? People not located in the US don't exactly get what they do and what this may mean for Bitcoin, I guess. Is this rise back really a reaction on those news. I guess no one knows.

This is a huge company providing electronic payment solutions for third parties and now they include bitcoin as a payment solution.

Meaning all their merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations, who use their service can now also opt to use bitcoin.  Grin

Quote
“This partnership with Global Payments allows ecommerce and retail merchants to easily accept bitcoin payments,”

Quote
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region.

http://en.wikipedia.org/wiki/Global_Payments

Great news, indeed.

But I caution against the idea that this will be the catalyst of the next price surge. People ("bears" as you like to call them) have pointed out before that expanding payment options is probably going to add selling pressure at first. I agree with that.

What they forget of course is that each btc payment option also signifies another step to global acceptance and legitimacy of btc, so it is mid to long term extremely bullish. The "bears" like to leave that part out, though Cheesy



I'm curious to see how this unfolds. My behavior is probably atypical. I've spent fiat supporting company's that accept BTC.
I couldn't bring my self to spend more than $300 in Bitcoin while I'm buying the Bitcoin dips.