Yelp Lets Businesses Highlight Bitcoin AcceptanceBy: Chris Crum - April 29, 2014
Yelp announced that it is now showing when businesses accept Bitcoin on business pages. This comes as a new attribute in the “More Business Info” section.
“We’re constantly thinking about how to make our business attributes more useful for consumers and businesses,” says Justin Overdorrf, business development lead at Yelp.
Business owners accepting Bitcoin as a payment option can update their payment attributes using the tools at biz.yelp.com.
Overdorrf adds, “Why does this matter? For those who haven’t heard the buzz about Bitcoin, it’s a new payment technology that allows consumers and businesses to make fast, secure and low-cost digital payments from any Internet-enabled device. Bitcoin also allows for consumers and businesses to transact without having to store sensitive data like a credit card number. Finally, like cash, Bitcoin’s transactions are one-way, so businesses don’t have to worry about chargebacks.”
Yelp’s current review count is 53 million. The company will release its earnings report on Wednesday, and provide more usage stats.
Image via Yelp