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> PayPal hopes its service can change that, as by settling the transaction in fiat currency, merchants will not take on the volatility risk/upside. The whole p
by mcintyre1994 6y ago
> PayPal hopes its service can change that, as by settling the transaction in fiat currency, merchants will not take on the volatility risk/upside.
The whole point is that PayPal shields the business from the volatility risk. Buyer buys in Bitcoin, seller receives local fiat currency.
- SketchySeaBeast 6y agoAh, I read that as the opposite way around - wanting to avoid their own currency because of volatility. My bad.