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If you accept crypto-currency, they don't need to wait 3 days until they see the money in the bank account.
by ginger_beer_m 8y ago
If you accept crypto-currency, they don't need to wait 3 days until they see the money in the bank account.
- thecatspaw 8y agocrypto is highly volatile however, and you dont know if you're gonna have the same buying power, a tenth of it, or 5 times of it within a months time.
- andygor 8y agoThat's true, especially for physical products.
- ginger_beer_m 8y agoTake the volatile crypto (e.g. bitcoin or ethereum) and immediately sell them for stablecoins like DAI to retain the buying power. https://medium.com/@james_3093/the-dai-stablecoin-is-a-game-changer-for-ethereum-and-the-entire-cryptocurrency-ecosystem-13fb412d1e75 https://medium.com/@james_3093/the-dai-stablecoin-is-a-game-.... Anyway if the fundraising is over a short period of time, maybe even a volatile crypto might do the job.
- jnty 8y agoSurely if it's in cryptocurrency it will never be in their bank account?
- ginger_beer_m 8y agoThey could choose either to retain the funds as (stable) crypto or sell the coins in order to withdraw USD to their bank account. It's all about choices.
- ransom1538 8y agoOr amazon gift cards!