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Why credit card companies fear Bitcoin

Why credit card companies fear Bitcoin

Credit cards have become the most popular medium for exchanging money in today's society. The largest credit card company is Visa, and they process $15 billion of transactions per day on average, with a total yearly volume near $5 trillion. Visa accounts for 40% of the credit card market, so the total amount of money transacted via credit cards easily exceeds $10 trillion each year. This is nearly as much as the gross domestic product (GDP) of the United States.

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Now accepting Litecoin as a payment method

Now accepting Litecoin as a payment method

CoinsHost has started to accept the crypto-currency Litecoin (LTC) as a digital form of payment for all products and services that it offers. Now you can pay for cloud web hosting, dedicated servers, VPS, DDoS protection, colocation, CDN and BitTorrent Sync file storage with one more P2P decentralized currency based on encryption - Litecoin.

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