March 31, 2014
Bitcoin has dealt with many ups and downs over the last year. The last couple of months however have been on the positive side with eCommerce giants such as eBay, Overstock.com, TigerDirect.com and even Stripe giving a nod to the virtual currency. Now a Texas based gun company – Tracking Point – has announced that customers can utilize Bitcoins to buy their smartscope rifles.
While bitcoin is a virtual currency that offers users anonymity, buyers of TrackingPoint’s products will have to undergo background checks before they are allowed to buy any firearms, Tracking Point V.P, Oren Schauble told Fox News.
The recent advent and success of cryptocurrency has the potential to redefine the company's monetary system, stated TrackingPoint CEO John Lupher - in a press release.