In the guest chair:
BitPay‘s John Dreyzehner joined me in the studio today to explain what Bitcoin is, why business should accept it (no transactions fees like credit cards have), and why we should want to use it (more secure form of payment – and could be worth a lot someday).
The explanation still left me a bit dazed and confused, but I think it is all starting to become clear. I need to have faith. And just accept that it’s a thing that has value. A thing I can trade for other things that have value. Like shoes. And let’s face it, it’s not like I really understand what a dollar is either – I just grew up with them – and I was taught to believe that they would buy me stuff. And they do. Same deal here. But maybe a better way. We shall see. Thanks to John I now have a teensy bit of bitcoin. I’ll keep you posted on my progress!
Of note, BitPay does not charge small and medium sized business to use their service and start accepting bitcoin as payment. There are no transaction fees AND they guarantee the amount you charged your customer is the amount that will go into your bank account (in dollars) even if the value of bitcoin were to drop during that day.
In the headlines:
- Coca-Cola embraces the past and the future bringing back Surge soda but only on Amazon.com
- A former Georgia Democratic Party Chairman has been charged with $1.8 million in fraud. Politicians. Oy.
- Georgia is the top state in electric vehicle sales – probably in large part due to the tax incentive. Will this trend continue?
- And Apple sees a record 4 million orders for it’s new iPhones in the first 24 hours. But delivery may be a teensy bit slow.
Join us on the second Monday of every month at 7:30PM for The Dana Barrett Show Business Book Club.
Each month we’ll be discussing a different business book over some yummy (complimentary) appetizers at South City Kitchen Vinings. This month’s book is: DELIVERING HAPPINESS by Tony Hsieh – and the meeting is Monday October 13th. Everyone is welcome – but we only have room for 20, so register now!