E-cigarette manufacturer Blackout Cigs has started accepting payments in Bitcoin, a virtual currency.
Because Bitcoin is not tied to credit card issuers or banks, the value is transferred directly from the customer to the merchant. As a result, transactions are completed faster and the fees are minimal.
“Our mission is to make Bitcoin every merchant’s favorite form of payment,” said Anthony Gallippi, CEO of Bitpay, a company that promotes the use of Bitcoin. “Blackout is a forward thinking company, and we are thrilled that they have adopted Bitcoin payments.”