May 29, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

C7 Data Centers Begin Accepting Bitcoin as Payment

Press Release

May 29, 2014

Bluffdale – C7 Data Centers has begun accepting the digital currency bitcoin. Bitcoin is a peer-to-peer payment system and cryptocurrency, so named because it uses cryptography to control the creation and transfer of money, offering an alternative currency and payment-tracking system.

C7 accepts bitcoins through multiple online services, and will add others as the market options expand. As a payment option, bitcoins offer customers benefits such as low inflation risk, low collapse risk due to its virtual global currency, and a safe and inexpensive form of payment.

Bitcoin has been growing in popularity, and C7 joins many other major companies to accept the digital currency, including Overstock.com, the Sacramento Kings professional basketball team, the Richard Branson-led aviation company Virgin Galactic, the blogging platform Wordpress and Zynga.

C7 first became involved in bitcoin with its sponsorship of the soon to be released documentary, “Life on Bitcoin.” Beccy Bingham, director of marketing at C7, lived and traveled the world on the digital currency with her husband for 101 days in 2013 while a film crew followed them on their journey. The BBC, Al Jazeera, NPR and the Wall Street Journal have profiled the project.

“C7 has received many requests over the last few months to accept bitcoin payments, and is responding to the demand," said C7 Data Centers CEO Wes Swenson. "C7 strives to provide its global customers with world-class service, and the pioneer of cryptocurrency will offer another convenient payment option, as it is all about the customer at C7.”

Utah Business Social
UB Events View All
2014 Fast 50 EventUtah Business Event
Aug 28, 2014
Utah Business magazine along with presenting sponsors Kirton McConkie, CBIZ, MHM, LLC and Newmark...
Community Events View All
The 3 Percent Road Show
Jul 31, 2014
The Mad Men era may be decades behind us, but not much has changed in the advertising industry as...
Day of Hope Car Show
Aug 2, 2014
3rd Annual fundraiser to benefit 1,600 child victims of crime helped by the award winning Childre...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel