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WePay is only charging for the payments (fees are 3.5% of transactions with no per-transaction cost), and sees the stores as a way to increase transaction volume.
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There is a counter-argument that increasing transaction volume is good since it helps markets respond to and absorb shocks.
For instance, a company building a new Web site may launch a marketing campaign that dramatically increases transaction volume.
There appears to be a recent trend towards increasing transaction volume across bitcoin, which could imply growing global interest in the cryptocurrency.
If the company made good use of the CMDB to map components in applications to the servers that deploy them, the demand management model in ITIL could project the amount of IT required to support increased transaction volume from the new marketing campaign.
"This will have a direct impact on the second hand market and contribute to the overall health of the housing market with increasing transaction volumes and an increase in housebuilding for the industry and Taylor Wimpey".
(b) Large volumes are required in order to avoid fragmentation of purchases that increase transaction costs (Baritaux and Houdart, 2015; Ponte 2007).
Outside of the proceedings, Michael O'Neill, a spokesman for American Express, did not dispute that statement but said that its 60 or so overseas partners had experienced a 30percentt increase in transaction volume last year.
The real Nakamoto could have a more fundamental impact as well: as _The _Economist pointed out, this latest saga unfolded during a heated "civil war" that has broken out among bitcoin developers over how to deal with an increase in transaction volume in the bitcoin network.
Again, taking the top end of estimates, this would require an increase in transaction volume of around 50x current levels.
The company said the growth was due to signing on new card issuers, as well as an increase in transaction volume from already existing issuers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com