Monday, July 13, 2015

Backpage: An Opportunity or Liability for Bitcoin?

Recently, the classifieds website Backpage was banned from using American Express, MasterCard, and Visa, loudly. The reasoning behind this is that the site is used for sex workers to find customers. The site is said to sell millions of classified ads to women in the United States, and a sheriff in Illinois instigated the shutdown. Before that, MasterCard and Visa had no problem processing transactions for Backpage. Backpage began accepting Bitcoin at some point, and now it is the only form of payment that works for the website. Of course, the Bitcoin network cannot be shut down. But if you […]

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1 comment:

  1. Backpage news has shaken up its users with the headlines to be shutdown.. If you are searching top sites which we found the same as backpage.com is eBackpage . This classified site is freely available to post ads.

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