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The overwhelming majority of those companies also don't actually accept bitcoin. They've brokered a deal with an exchange. Bitcoin payments are made to the exch
by jkyle 12y ago
The overwhelming majority of those companies also don't actually accept bitcoin. They've brokered a deal with an exchange. Bitcoin payments are made to the exchange and the exchange pays the vendor in U.S. currency.
So, the company isn't actually transacting in bitcoins.
- drinkzima 12y agoBy that token most companies do not take anything but their own currency. Currency hedging is something corporations do to align costs and revenues - companies generally are not trying to make money wagering on currency positions.
- ssharp 12y agoAbsolutely. They are accepting BitCoin for the convenience of customers, not because they hold a positive opinion of it.