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Payment processors traditionally would convert to USD right away, where the % they charged for the processing included the risk they held for having to hold the
by zjaffee 9y ago
Payment processors traditionally would convert to USD right away, where the % they charged for the processing included the risk they held for having to hold the coins for the time it took to convert. I know back when there was the "bitcoin boulevard" in Cleveland, this was around 1% which was cheaper than processing credit cards for the businesses and is what got them onboard to accept BTC.