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Seems like this would introduce an unwelcome element of pricing uncertainty into every transaction. Instead of knowing at the point of purchase that my latte wi
by jfk13 8y ago
Seems like this would introduce an unwelcome element of pricing uncertainty into every transaction. Instead of knowing at the point of purchase that my latte will cost me $3.95, it's going to cost me some unknown amount of bitcoin depending on the rate Coinbase happens to use at the moment it processes the transaction.
I accept this kind of uncertainty when I use my existing card abroad (although in some cases, the POS terminal offers to do the currency conversion up front); but I don't much care for the idea of introducing such price volatility into all my everyday purchases.
- tim333 8y agoIf you have Bitcoin you have price volatility, Visa card or not.
- tantalor 8y agoNot if the thing you're buying is priced in bitcoin.
- oarsinsync 8y ago> I accept this kind of uncertainty when I use my existing card abroad (although in some cases, the POS terminal offers to do the currency conversion up front) Sounds like you're a price-conscious kind of person. Be aware that POS terminal conversions are usually the worst rates you can get, with the POS terminal taking a large % cut on each transaction in exchange for your peace of mind knowing exactly how much it's going to cost you. If it helps you to see that conversion amount, that can be useful, but generally speaking, you don't want to accept that price and instead be charged the local currency. The amount you get charged will always be significantly less (subject to you not having absurd fx fees on your card, of course)