As was mentioned elsewhere, when company ____ is announced that they are "accepting bitcoin", they are never actually accepting bitcoin. A payment processor is

As was mentioned elsewhere, when company ____ is announced that they are "accepting bitcoin", they are never actually accepting bitcoin. A payment processor is accepting bitcoin (and accepting the risk therein) and paying out in the businesses choice of currency. Consider it similar to when you use a credit card in a foreign country -- you get charged in your currency, they receive payment in theirs.