5 ms·

To be able to spend your bitcoin balance without a manual conversion and bank transfer?

• loceng 11y ago
  Likely a considerably higher exchange rate + fee ... but hey, who cares when the people spending the Bitcoin are only spending it when it's likely only much higher than they acquired it for..
  • ISL 11y ago
    That only works if someone else is buying the bitcoin at the current exchange rate. Coinbase gets its dollars from someone to give to the merchant.
    • loceng 11y ago
      Right, however I'm sure they can float a fair amount, holding onto Bitcoin until it's at a certain value again. So long as the scheme keeps growing..