Criminals Are Saying Bye-Bye to Bitcoin …And Other Small Business Tech News This Week


Here are five things in technology that happened this past week and how they affect your business. Did you miss them?

1 — The criminal underworld is dropping bitcoin for another currency.

Bitcoin’s earliest and most avid fans—criminals—are now opting for a different virtual currency. Privacy coins such as monero, designed to avoid tracking, are being used more in recent months because law enforcers have adopted software tools to monitor people using bitcoin. (Source: St. Louis Post-Dispatch)

Why this is important for your business:

Although I believe that crypto-currencies will eventually become stable and a genuine payment option that your customers will use, the jury is still out as to which currency will win the battle. If Bitcoin is easier to track does that make it a more reliable currency? Or will losing the criminal element take away a big chunk of its user market and decrease its value?

2 — Sift app helps business users find hidden benefits of their credit cards.

Sift is a free mobile application that claims to unlock the hidden benefits of your credit cards by the way it tracks your spending. (Source: Small Business Trends)