4 ms·
Don't get the point of this. I'm assuming it's going to be a slightly more expensive way of buying things with a card? As supposed to me being charged in $, I
by TomGullen 11y ago
Don't get the point of this. I'm assuming it's going to be a slightly more expensive way of buying things with a card? As supposed to me being charged in $, I'm assuming it exchanges some of my BTC balance for $ which is going to come at some cost.
- celticninja 11y agoI assume it uses up BTC to the value of the $ amount at coinbase exchange rates. Whether that is the best exchange rate or not is debatable but it probably the only way for them to be sure they dont take a hit due to volatility. Of course there could be some saving to the user as otherwise they may need to sell coins (paying fees to do so) then withdraw, again paying a further fee. So this is an immediate way to spend BTC with a merchant that does not accept BTC. This would be very useful for people who use bitwage to get paid in BTC.