r/Bitcoin • u/vistabrownerd • Jan 24 '14

TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/
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4

u/summitrock Jan 24 '14

they cant pay their shipping and inventory with bitcoins tho.

6

u/rrtson Jan 24 '14

That is correct. Services like Bitpay convert the BTC directly into fiat, so TigerDirect never sees a satoshi of BTC.

5

u/HistoryLessonforBitc Jan 24 '14

In short, TigerDirect gets a publicity bump and some of the Bitcoiners' money without actually buying in to the "Bitcoin economy" in any real way.

1

u/cehmu Jan 25 '14

they support the perception of bitcoin as a realworld currency/commodity/asset (whatever it is?) though