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Tech	
  Pros	
  Welcome	
  Bitcoin	
  Payments	
  
By	
  Bitvestment	
  Partners	
  
January	
  30,	
  2014	
  
	
  
A	
  new	
  study	
  reveals	
  that	
  U.S.	
  
technology	
  professionals	
  would	
  be	
  
happy	
  to	
  be	
  paid	
  in	
  Bitcoins.	
  The	
  
survey	
  was	
  conducted	
  by	
  Tech	
  in	
  
Motion,	
  an	
  event	
  organizer	
  that	
  brings	
  
local	
  tech	
  communities	
  together.	
  
	
  
Tech	
  in	
  Motion	
  sent	
  the	
  questionnaire	
  
to	
  its	
  18,000	
  members	
  and	
  received	
  
847	
  responses.	
  Of	
  those	
  who	
  
responded,	
  51.12%	
  chose	
  “yes,	
  
absolutely”	
  to	
  the	
  question	
  “Would	
  
you	
  be	
  interested	
  in	
  being	
  paid	
  for	
  
your	
  work	
  in	
  cryptocurrencies	
  like	
  Bitcoin?”	
  18.06%	
  chose	
  the	
  option	
  “Maybe,	
  let’s	
  
see	
  where	
  Bitcoin	
  is	
  in	
  a	
  year	
  or	
  two.”	
  The	
  remaining	
  participants	
  said	
  that	
  they	
  
would	
  prefer	
  to	
  be	
  paid	
  in	
  traditional	
  currency.	
  Of	
  those	
  who	
  chose	
  not	
  to	
  embrace	
  
Bitcoin,	
  9.92%	
  stated	
  it	
  was	
  because	
  they	
  “do	
  not	
  think	
  Bitcoin	
  will	
  last,”	
  and	
  1.18%	
  
stated	
  they	
  did	
  not	
  know	
  what	
  Bitcoin	
  was.	
  
	
  
These	
  results	
  indicate	
  a	
  greater	
  acceptance	
  of	
  the	
  currency	
  and	
  a	
  bright	
  future	
  for	
  
the	
  use	
  of	
  Bitcoin	
  in	
  the	
  United	
  States.	
  It	
  is	
  encouraging	
  that	
  Tech	
  in	
  Motion’s	
  survey	
  
showed	
  that	
  over	
  half	
  of	
  the	
  participants	
  were	
  eager	
  to	
  start	
  using	
  cryptocurrencies.	
  
This	
  may	
  convince	
  U.S.	
  payroll	
  processors	
  to	
  offer	
  crypto-­‐currency	
  options	
  to	
  
clients’	
  employees.	
  Bit	
  pay	
  is	
  in	
  the	
  early	
  stages	
  of	
  beginning	
  to	
  develop	
  such	
  a	
  
service	
  in	
  the	
  United	
  States.	
  Canada	
  has	
  already	
  embraced	
  bitcoin	
  options.	
  
Wagepoint,	
  a	
  payroll	
  management	
  firm,	
  has	
  teamed	
  up	
  with	
  Canadian	
  virtual	
  
exchange	
  VirtEx	
  to	
  incorporate	
  bitcoin	
  options.	
  
	
  
Payroll	
  seems	
  the	
  best	
  way	
  to	
  integrate	
  Bitcoin	
  technology	
  into	
  our	
  system.	
  By	
  
expanding	
  Bitcoin	
  wage	
  payments,	
  employees	
  will	
  easily	
  acquire	
  and	
  begin	
  to	
  use	
  
and	
  spend	
  crypto-­‐currency	
  like	
  U.S.	
  dollars.	
  Tech	
  in	
  Motion’s	
  survey	
  results	
  
demonstrate	
  that	
  the	
  IT	
  community	
  is	
  ready	
  to	
  move	
  forward	
  with	
  crypto-­‐currency	
  
integration.	
  Their	
  membership	
  covers	
  a	
  wide	
  cross	
  section	
  of	
  the	
  tech	
  industry,	
  
including	
  hardware	
  and	
  mobile	
  product	
  developers,	
  software	
  developers,	
  open-­‐
source	
  developers,	
  and	
  IT	
  infrastructure	
  producers.	
  
	
  
Tech	
  in	
  Motion	
  also	
  conducted	
  rough	
  polling	
  in	
  the	
  cities	
  where	
  their	
  members	
  are	
  
located	
  and	
  found	
  that	
  the	
  results	
  were	
  similar	
  to	
  their	
  overall	
  survey.	
  All	
  signs	
  
suggest	
  that	
  crypto-­‐currency	
  is	
  on	
  its	
  way	
  in	
  the	
  U.S.	
  with	
  an	
  endorsement	
  from	
  IT	
  
professionals.	
  
	
  
	
  
Bitvestment	
  Partners	
  is	
  dedicated	
  to	
  investments	
  in	
  the	
  Bitcoin	
  and	
  crypto-­‐currency	
  
ecosystem.	
  The	
  company	
  has	
  deep	
  expertise	
  in	
  cryptography,	
  peer-­‐to-­‐peer	
  networks,	
  
and	
  e-­‐	
  commerce,	
  and	
  is	
  involved	
  in	
  Bitcoin	
  mining,	
  Bitcoin-­‐related	
  e-­‐commerce,	
  and	
  
innovative	
  uses	
  of	
  blockchain-­‐based	
  algorithms.	
  Bitvestment	
  Partners	
  applies	
  a	
  deep	
  
bench	
  of	
  in-­‐house	
  expertise	
  to	
  evaluate	
  Bitcoin-­‐business	
  and	
  related	
  investment	
  
opportunities.	
  They	
  see	
  Bitcoin	
  as	
  having	
  a	
  tremendous	
  potential	
  to	
  revolutionize	
  
payments	
  in	
  emerging	
  markets	
  as	
  well	
  as	
  empower	
  unbanked	
  individuals	
  to	
  have	
  
greater	
  control	
  over	
  their	
  personal	
  finances.	
  
	
  

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Tech Pros Welcome Bitcoin, says Bitvestment Partners

  • 1. Tech  Pros  Welcome  Bitcoin  Payments   By  Bitvestment  Partners   January  30,  2014     A  new  study  reveals  that  U.S.   technology  professionals  would  be   happy  to  be  paid  in  Bitcoins.  The   survey  was  conducted  by  Tech  in   Motion,  an  event  organizer  that  brings   local  tech  communities  together.     Tech  in  Motion  sent  the  questionnaire   to  its  18,000  members  and  received   847  responses.  Of  those  who   responded,  51.12%  chose  “yes,   absolutely”  to  the  question  “Would   you  be  interested  in  being  paid  for   your  work  in  cryptocurrencies  like  Bitcoin?”  18.06%  chose  the  option  “Maybe,  let’s   see  where  Bitcoin  is  in  a  year  or  two.”  The  remaining  participants  said  that  they   would  prefer  to  be  paid  in  traditional  currency.  Of  those  who  chose  not  to  embrace   Bitcoin,  9.92%  stated  it  was  because  they  “do  not  think  Bitcoin  will  last,”  and  1.18%   stated  they  did  not  know  what  Bitcoin  was.     These  results  indicate  a  greater  acceptance  of  the  currency  and  a  bright  future  for   the  use  of  Bitcoin  in  the  United  States.  It  is  encouraging  that  Tech  in  Motion’s  survey   showed  that  over  half  of  the  participants  were  eager  to  start  using  cryptocurrencies.   This  may  convince  U.S.  payroll  processors  to  offer  crypto-­‐currency  options  to   clients’  employees.  Bit  pay  is  in  the  early  stages  of  beginning  to  develop  such  a   service  in  the  United  States.  Canada  has  already  embraced  bitcoin  options.   Wagepoint,  a  payroll  management  firm,  has  teamed  up  with  Canadian  virtual   exchange  VirtEx  to  incorporate  bitcoin  options.     Payroll  seems  the  best  way  to  integrate  Bitcoin  technology  into  our  system.  By   expanding  Bitcoin  wage  payments,  employees  will  easily  acquire  and  begin  to  use   and  spend  crypto-­‐currency  like  U.S.  dollars.  Tech  in  Motion’s  survey  results   demonstrate  that  the  IT  community  is  ready  to  move  forward  with  crypto-­‐currency   integration.  Their  membership  covers  a  wide  cross  section  of  the  tech  industry,   including  hardware  and  mobile  product  developers,  software  developers,  open-­‐ source  developers,  and  IT  infrastructure  producers.     Tech  in  Motion  also  conducted  rough  polling  in  the  cities  where  their  members  are   located  and  found  that  the  results  were  similar  to  their  overall  survey.  All  signs  
  • 2. suggest  that  crypto-­‐currency  is  on  its  way  in  the  U.S.  with  an  endorsement  from  IT   professionals.       Bitvestment  Partners  is  dedicated  to  investments  in  the  Bitcoin  and  crypto-­‐currency   ecosystem.  The  company  has  deep  expertise  in  cryptography,  peer-­‐to-­‐peer  networks,   and  e-­‐  commerce,  and  is  involved  in  Bitcoin  mining,  Bitcoin-­‐related  e-­‐commerce,  and   innovative  uses  of  blockchain-­‐based  algorithms.  Bitvestment  Partners  applies  a  deep   bench  of  in-­‐house  expertise  to  evaluate  Bitcoin-­‐business  and  related  investment   opportunities.  They  see  Bitcoin  as  having  a  tremendous  potential  to  revolutionize   payments  in  emerging  markets  as  well  as  empower  unbanked  individuals  to  have   greater  control  over  their  personal  finances.