Re: AMEX is positive about bitcoin (enough room in the market for both)

Quote from: dimsky on December 24, 2014, 08:43:41 PM

Quote from: leopard2 on December 24, 2014, 05:49:44 PM

They could gain a massive competitive advantage over the larger card issuers by accepting BTC directly for deposit and withdrawal

that would be a good reason to use Amex over mastercard or visa

There has been quite a bit of talk about how it's almost impossible to prevent fraud when it comes to accepting BTC payment over credit cards.
http://www.reddit.com/r/Bitcoin/comments/2dsadk/why_cant_you_buy_bitcoins_easily_with_a_credit/

The trick is not to use the Bitcoin protocol directly, but add a layer on top of it which adds the functionality. Using a multisig escrow may be one option, but no doubt devs will have better ideas in mind.