Virtual Crypto Technologies Inc. (VRCP) Speeds Up Bitcoin eCommerce Transactions
Cryptocurrencies gain in acceptance, but… High transaction fees and lengthy processing times delay implementation Bit4Sure cuts bitcoin transaction times Now that some marquee names – Microsoft, Expedia, Overstock – have begun accepting bitcoin, it looks as if cryptocurrencies have entered the mainstream of commerce. Notice from Japanese retailer Rakuten appears to confirm that. The ecommerce giant, which has been called Japan’s Amazon, has announced plans to launch its own “Rakuten Coin” in the near future (http://ibn.fm/ld2I7). Not so fast, however. Ironically, Satoshi Nakamoto’s peer-to-peer payment system, which held out the promise of no intermediaries charging transaction costs, is plagued by…