4 ms·
Accepting a volatile currency seems risky. What if bitcoin drops and I fill register domains on the cheap? Is there a way to prevent this? Are the prices someh
by tedsanders 14y ago
Accepting a volatile currency seems risky.
What if bitcoin drops and I fill register domains on the cheap? Is there a way to prevent this? Are the prices somehow pegged to the dollar?
- hmsimha 14y agoWell every currency is volatile isn't it? I guess (if namecheap is a us-based company) they're bitcoin price would fluctuate just as the bitcoin does in relation to the usd.
- Maxious 14y agoThe payment gateway BitPay calculates how many bitcoins equal a USD price and then give that amount (minus their fee) in USD to Namecheap within 2 days. "It does not matter how many bitcoins we collect, how long it takes to collect them, what we can sell them for, or how long it takes to sell them." https://bitpay.com/bitcoin-payment-gateway-api https://bitpay.com/bitcoin-payment-gateway-api
- csense 14y agoHolding a volatile currency is what's risky. If the seller and the payment provider quickly convert their bitcoins into USD -- as seems likely to be the case based on the link in Maxious's reply -- then they're minimizing the time interval during which their wealth is exposed to exchange rate fluctuations.