Do you see that logo to the left? You are probably going to start seeing it more often, because Bitcoins are the newest and most critical currency to hit the markets. I will go over the basics here but more info can be obtained at Bitcoin.org.
Bitcoins are a digital currency that can be used potentially anonymously and has a limited rate of inflation. With the US Dollar steadily being debased many people are looking for a safe haven to invest their money, Bitcoins have become a very serious contender in the world’s financial markets. Since Bitcoins use the Tor system to process transactions (meaning transactions pass through multiple nodes) it becomes nearly impossible to track the location of each terminal of the transaction (sender & recipient). For this reason the currency has become especially popular among black and gray markets, but perhaps more importantly is being used by some to avoid taxes since it is not considered by authorities to be a “currency”.
*It should be mentioned here than I am not suggesting that anyone take any actions before consulting a tax accountant or attorney familiar with the applicable finance laws in their jurisdiction.*
Bitcoins are becoming more widely accepted (at a rapid pace, I might add) and the limited increase in supply is causing a very steep increase in its value (compared to the US Dollar, see graph to right).
As a Bitcoin enthusiast I plan on offering the implementation of Bitcoin payment methods to clients in the near future. In addition, I currently accept Bitcoins as method of payment in lieu of US Dollars, although I understand that most organizations are comfortable with the current dollar standard.
Vendors may also be interested in Bitcoins because they offer a method of payment that does not allow charge-backs for buyers looking to defraud their vendors through their credit card company. Furthermore the current transaction fees for implementing a Bitcoin transaction range from far less than Visa / Mastercard / American Express to zero, depending on how the transactions are set up.