Hunton & Williams LLP updates

Despite growing value of bitcoin, retailers and merchants take cautious approach
Hunton & Williams LLP
  • Tech, Data, Telecoms & Media
  • USA
  • 03 April 2018

Bitcoin has received considerable media attention in recent months as its value soared to $20,000 in December 2017, then retreated to around $9,000 in February 2018. While some investors embrace bitcoin, many members of the general public struggle to understand it. Despite the interest in cryptocurrency by investors, very few retailers and merchants accept cryptocurrency as a form of payment. Retailers and merchants appear to be taking a cautious approach.

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