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Microsoft does not accept Bitcoin -- BitPay accepts bitcoin and Microsoft accepts dollars.
by Locke1689 12y ago
Microsoft does not accept Bitcoin -- BitPay accepts bitcoin and Microsoft accepts dollars.
- IkmoIkmo 12y agoIrrelevant for the point that was made on cheaper transactions. If Microsoft had accepted the payment in any other way it'd have left them with less profits on that particular transaction. It's relevant when talking about e.g. bitcoin as a store of value, but that topic wasn't raised. On that topic you could say that accepting bitcoin and buying a derivative to hedge, a bit like Bitreserve or Coinapult locks, would allow you to transact and store bitcoin, immune to bitcoin's volatility, yet cheaper than your average 3% Paypal, Stripe, Square or Creditcard transaction. Beyond that, it's merely semantics.