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How do (real world) shops accept bitcoin? I thought that it takes some time for a transaction to be confirmed by the blockchain. Even if it is a matter of minut
by joosters 13y ago
How do (real world) shops accept bitcoin? I thought that it takes some time for a transaction to be confirmed by the blockchain. Even if it is a matter of minutes, you can't expect customers to wait by the checkout until their payment is cleared. And yet without this confirmation, you are opening yourself up to fraud.
- mateuszf 13y agoDoing fraud is very unprofitable for amounts of money which are not huge. Companies like BitPay take this risk as man in the middle.