Lord & Taylor Accepts Bitcoin Payments Through Mobile Shopping App

Bitcoin users can now buy merchandise from Lord & Taylor department stores using a mobile software application, the latest step by startups to make the virtual currency useful in the physical world. The mobile app, Pounce, lets shoppers make purchases by using their phones to scan images in print advertisements. The software, made by an Israeli startup, now works with Coinbase Inc.'s digital Bitcoin wallet, the companies said yesterday. Pounce has had a partnership for print-ad shopping with Hudson's Bay, Lord & Taylor's parent company, since January.