Online payments provider Text2Pay has announced that it will now allow merchants to accept peer-to-peer digital currencies, such as Bitcoin.
"By offering Bitcoin to merchants, customers will experience faster payment processing, lower fees, and increased security and privacy," said Mark Reiken, managing director of Text2Pay.
Reiken said that Bitcoin is just the first of many digital currencies that will emerge over the next decade.
"Digital currencies are the future — much like gold, bitcoins increase in value over time and they're anonymous," he said.
Bitcoin also has gotten the nod from Draper University, a boarding school for young entrepreneurs aged 18–26. The alternative school received its first tuition payment in Bitcoin for the 2013 summer session.
"Some of the most forward looking entrepreneurs are active Bitcoin traders," said Tim Draper, founder of Draper University. "[W]e accept Bitcoin payment of tuition because it is a promising currency with appreciating value. For the time being, we still accept dollars too."
In keeping with its "out-of-the-box" approach to business education, Draper University has also excepted tuition in the form of personal training by a former NFL player and placement of the school's logo on the car of a female student who also happened to be a pro racecar driver.
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