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The Almighty Buck Bitcoin Businesses

BitPay, Toshiba Partnership Brings Bitcoin To 6,000 New Merchants 85

Posted by timothy
from the how-will-refunds-be-calculated dept.
Raystonn (1463901) writes "Toshiba has announced the integration of Bitcoin support in their touch-screen point-of-sale platform, VisualTouch, used by over 6,000 merchants. The merchants will now be able to accept Bitcoin payments at the register from anyone with a smartphone or any other QR code reader. Acceptance of Bitcoin as a payment method frees merchants from worries of fraudulent chargebacks, as Bitcoin payments are non-reversible just like cash, while allowing settlement deposits in any of 9 currencies, including USD and Bitcoin."
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BitPay, Toshiba Partnership Brings Bitcoin To 6,000 New Merchants

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  • What about taxation? (Score:4, Interesting)

    by CRCulver (715279) <crculver@christopherculver.com> on Friday May 16, 2014 @10:15AM (#47017315) Homepage
    Many countries are slowly transitioning away from cash to electronic payments in order to ensure that there is a paper trail and people can be forced to pay taxes on all their income. Terminals that accept anonymous Bitcoin seem to undo much of that progress. Will we see legislation to require terminals to also take a form of ID (or another document linked to one's ID) when paying with Bitcoin?

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