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I don't get this. Isn't the whole point of Bitcoin not to have any "central" entity? BitPay sounds like precisely this?
by sktrdie 14y ago
I don't get this. Isn't the whole point of Bitcoin not to have any "central" entity? BitPay sounds like precisely this?
- wmf 14y agoThere's nothing particularly central about it. It's a payment intermediary for merchants (I would say it's more like Stripe than Paypal). Nobody has to use it.
- mrb 14y agoBitPay is for merchants who want to accept bitcoins transparently, without having to deal with or interface with Bitcoin. So, you can see BitPay as a first step to bringing Bitcoin's advantages at least to the clients. The second step would be for merchants to implement Bitcoin directly in their shopping cart, so that they can benefit from Bitcoin's decentralization.