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Though very hard swings in short time DOES hinder wide adoption as it can cause retailers to lose money while a transaction is 'en route'. No one wants to use
by SODaniel 14y ago
Though very hard swings in short time DOES hinder wide adoption as it can cause retailers to lose money while a transaction is 'en route'.
No one wants to use a currency that swings 20% in hours of trading. Hell, that's prob 4-5x the margin on a lot of computer hardware.
- Maxious 14y agoBitPay, for example, absorbs the risk. https://bitpay.com/bitcoin-payment-gateway-api https://bitpay.com/bitcoin-payment-gateway-api > The net amount that BitPay merchants receive is equal to the gross amount (USD) of the order submitted, minus our fee. > 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. (not affiliated, just said the same thing last time this came up on HN)