Will the Daily Deals Industry Cash In on Virtual Currencies?

With the arrest of Bitcoin Foundation's Charlie Shrem, Amazon.com's announcement of Amazon Coin and the collapse of Mt. Gox, many e-commerce experts are debating the survival and future of Bitcoin. Meanwhile, a new breed of tech-savvy shoppers are already using Bitcoin to hunt for great deals. However, the daily deal industry has been hesitant to accept Bitcoin and other virtual currencies. Daily-deal websites were quick to adopt alternative payment methods like Authorize.net and PayPal, so what will it take before they cash in on virtual currencies?