Bitcoin Merchant Services

Abstract

One possible future for Bitcoin in the United States would be as a commercial service provided by Bitcoin merchant services or BMSs. The service could deliver a turnkey payment platform taking the risk and headaches out of a merchant’s hands. BMS could handle: refunds on merchandise returns, dispute resolution, theft protection and insurance on Bitcoin wallets and trading platforms, consumer protection and guarantees on performance of Bitcoin exchange transactions, and escrow payments on money remittance and commercial transactions. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.