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It is possible for a business to accept bitcoin and immediately have it converted to dollars so they are not exposed to the currency risk but get the benefits o
by celticninja 9y ago
It is possible for a business to accept bitcoin and immediately have it converted to dollars so they are not exposed to the currency risk but get the benefits of irreversible payments, so little chance for fraud.
- zwily 9y agoThat's what 99% of the businesses that accept Bitcoin (that aren't themselves crypto-coin based businesses) do. Overstock is a counter-example. They keep 50% of the BTC they collect now as investment.