Wedbush Securities Computer Services Analyst Gil Luria says online retailers, such as Overstock, will benefit from lower transaction charges as they start accepting Bitcoin. Luria says adding Bitcoin to eBay's Paypal digital wallet will helpt to lower the company's funding cost. Another group of winners may be online content providers who will be able to charge for so-called 'micro transactions' i.e. per minute of video viewed or per article read versus monthly subscriptions. Luria says the losers will likely be the large credit card companies, like Visa and Mastercard, who have a stronghold on transaction processing. TheStreet's Ruben Ramirez reports from New York
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.