Will the Daily Deals Industry Cash In on Virtual Currencies?

Unlike PayPal or Authorize.net, which still deal in traditional government-backed currencies, Bitcoin is unhinged from central authority. The currency can be spent, sold and moved around almost anonymously online. It's not tied to any government or central bank and regulation, though its current iteration is compliant with U.S. anti-money laundering laws. Consequently, Bitcoin has been linked with criminalities such as tax evasion and the underground website Silk Road and its successor Silk Road 2.0, which is a known marketplace for illegal drugs and contraband. Bitcoin's somewhat nefarious reputation has certainly hurt adoption.