Bitcoin Can Be Key E-Commerce Tool, Bank of America Says
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Bitcoin can become a significant tool for e-commerce transactions and has “clear potential for growth,” analysts at Bank of America’s Merrill Lynch unit said.
The virtual currency, which has been growing in popularity and value, could benefit from its low transaction costs and as an alternative to cash, according to a report yesterday by David Woo, a foreign exchange strategist, and other analysts at Merrill Lynch.