Cleveland Heights merchants banking on Bitcoin Boulevard to draw global spotlight; skeptics warn of risks
The Plain Dealer: William Mahnic, associate professor of banking and finance, gave his take on the global currency Bitcoin. “I do know that less than half of 1 percent of all retailers accept Bitcoin, so it’s highly unlikely that their suppliers will accept it as payment,” he said. “So they have to, every day, convert their Bitcoin back into dollars, and they may not know what they may be losing by taking that exchange risk.”
