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Shops near borders often take the neighboring country's currency because it is convenient for travelers. If bitcoin was accepted more places, then those same tr
by andirk 8y ago
Shops near borders often take the neighboring country's currency because it is convenient for travelers. If bitcoin was accepted more places, then those same travelers wouldn't have to worry about currency conversion. Sounds useful to me.
- acdha 8y agoOkay, so continue that thought to why would that business do that — is it faster, cheaper, etc.? How many transactions are there where the cost of currency conversion is greater than the cost of the Bitcoin transaction fees and conversion into the currency the receiver needs to make most purchases?