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Home > Master Selection Guide > Press Releases > BMIGaming.com Bitcoin Payment Trial


BMI Worldwide | BMIGaming.com | BMI Gaming : World's Largest Arcade Games and Arcade Machines Superstore

PRESS RELEASE - FOR IMMEDIATE DISTRIBUTION


"BMIGaming.com To Test Acceptance Of 'Bitcoin' For Online Payments"
 


               BMI Worldwide / BMIGaming.com Announces Bitcoin Online Payment Trial

BMI Worldwide's "BMIGaming.com" Unit To Test Acceptance
Of "Bitcoin" For Online Order Payments

[Aug 5 | Boca Raton, FL] BMI Worldwide, Inc. (BMIGaming.com)
announced today the start of a limited global trial to accept
a new online digital payment method known as "Bitcoin" (BTC)

for online orders placed through the BMIGaming.com website.


Bitcoin is a new type of virtual "digital currency", created
in 2009, which enables users to make online payments for both
products and services, all at a very low cost to the merchant.

People use Bitcoins using a Bitcoin "wallet", which can be
stored on their computer (using Bitcoin software) or hosted
on a third-party website (Example: "Mt. Gox" | www.mtgox.com)

Bitcoin wallets shows the user their available Bitcoin balance,
transaction history, and the collection of Bitcoin "addresses",
similar to email addresses used to send PayPal payments, which
they may use to send and receive Bitcoins to other users.

Although there have been some concerns voiced regarding the
use of Bitcoin reported in the news (See NYT article link
below) such as currency security, more than a few wild market value fluxuations, and the potential use of Bitcoin for illegal
activities (which affects many other current payment methods,
including the use of "old-fashioned" paper money), the quick
redemption of Bitcoin into US Dollars and transfer into a
merchant's bank account can alleviate most security issues.

The Bitcoin payment trial, starting on August 8, 2011, will be limited to a maximum payment of 100 BTC per order, with any balance due to be settled using traditional payment methods.

Currently, the current exchange rate for 1 BTC = $10.08 USD,
as quoted by the Mt. Gox exchange on 08/05/2011. The Bitcoin payment trial is scheduled to run for at least 90 days.


About BMIGaming.com :
http://www.bmigaming.com

About Bitcoins :
http://www.weusecoins.com

 



Get A *Free* Bitcoin Here :
https://freebitcoins.appspot.com/

NY Times Article On Bitcoin Issues :
Click Here For Article

Wikipedia Entry | Bitcoin :
http://en.wikipedia.org/wiki/Bitcoin

Official Bitcoin Website :
http://www.bitcoin.org/





END

 


 
 
 
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Copyright ©  2002 - 2016   |   BMI Worldwide   |   Boca Raton, Florida  |  Bogotá, Colombia  |  Cape Town, South Africa  |  Salt Lake City, Utah   |   Home
 

Questions ?  US / CA : (800) 746-2255  |  International : + 561.391.7200  |  Español : + 561.288.4889  |  Locations

 

 

 

 
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Copyright ©  2002 - 2016   |   BMI Worldwide   |   Boca Raton, Florida  |  Bogotá, Colombia  |  Cape Town, South Africa  |  Salt Lake City, Utah   |   Home
 

Questions ?  US / CA : (800) 746-2255  |  International : + 561.391.7200  |  Español : + 561.288.4889  |  Locations

 

 

 

 
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Copyright ©  2002 - 2016   |   BMI Worldwide   |   Boca Raton, Florida  |  Bogotá, Colombia  |  Cape Town, South Africa  |  Salt Lake City, Utah   |   Home
 

Questions ?  US / CA : (800) 746-2255  |  International : + 561.391.7200  |  Español : + 561.288.4889  |  Locations

 

 

 

 
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Copyright ©  2002 - 2016   |   BMI Worldwide   |   Boca Raton, Florida  |  Bogotá, Colombia  |  Cape Town, South Africa  |  Salt Lake City, Utah   |   Home
 

Questions ?  US / CA : (800) 746-2255  |  International : + 561.391.7200  |  Español : + 561.288.4889  |  Locations

 

 

 

 
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Copyright ©  2002 - 2016   |   BMI Worldwide   |   Boca Raton, Florida  |  Bogotá, Colombia  |  Cape Town, South Africa  |  Salt Lake City, Utah   |   Home
 

Questions ?  US / CA : (800) 746-2255  |  International : + 561.391.7200  |  Español : + 561.288.4889  |  Locations

 

 

 

 
IAAPA Member Logo       DNA Association Logo 

 

 
Copyright ©  2002 - 2016   |   BMI Worldwide   |   Boca Raton, Florida  |  Bogotá, Colombia  |  Cape Town, South Africa  |  Salt Lake City, Utah   |   Home
 

Questions ?  US / CA : (800) 746-2255  |  International : + 561.391.7200  |  Español : + 561.288.4889  |  Locations

 

 

 

 
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