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Sure. But the majority of countries in which Bitcoin would be realistically used don't have currencies that fluctuate so wildly.
by taligent 14y ago
Sure. But the majority of countries in which Bitcoin would be realistically used don't have currencies that fluctuate so wildly.
- ig1 14y agoYes, but I'm saying that there's a standard way to handle it, which is essentially taking the payment at a discount to the market rate in order to give you time to change it to your own currency without taking a loss.
- wmf 14y agoIf you do that, you'll realize that accepting Bitcoin has higher fees than credit cards. People won't understand this if their identity depends on them not understanding it.
- SlipperySlope 14y agoCoinbase charges only 1% !! I do not know of any credit card that charges the merchant less, when monthly account fees are added in.
- wmf 14y agoYou missed the point. If you (or your payment provider) add, say, 5% padding to account for exchange rate volatility and then you also pay 1% to Coinbase, your total fees are 6% which is way higher than credit cards.