Going mainstream. Its good to be a miner. FORT
THUNDER BAY A local electronics store will begin accepting digital currency as payment. Alex Daniels, head of advertising at The Power Center, said main reason behind the decision to start taking Bitcoin as payment was because of how simple the process is, adding its also the wave of the future, so why not get in on the ground floor. Its really no effort on our part to start accepting it. All the companies around the world and all the banks around the world are starting to get into this space. We figured its really easy for us, we might as well jump in, Daniels said on Tuesday in an interview with CKPR Radio, hours after announcing their capability to accept Bitcoin as payment. According to Forbes magazine, Bitcoin is a decentralized digital currency that can be bought and sold directly without the assistance of a bank, based on cryptrographic truth rather than trust. It operates outside the control of governments. Transactions are recorded digitally, which the magazine says makes it tough to reverse or fake them. Bitcoin was first launched in 2009, and according to Morningstar for Currency, as of Tuesday one Bitcoin is worth about $74,169 Canadian. Paypal is also accepting Bitcoin from its US consumers to pay at millions of its online merchants globally.