Comment on Gonna be a great day!
Shy it coverts to cash and they are paid in cash?
Again, volatility. When the price isn’t stable, you could lose massively.
It doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee…
If 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.
Huh…. just like any other currency/foreign currency already…
It doesn’t matter to the store, and these companies are making profit or they wouldn’t be around anymore.
FlyingSquid@lemmy.world 1 year ago
Again, volatility. When the price isn’t stable, you could lose massively.
schmidtster@lemmy.world 1 year ago
It doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee…
FlyingSquid@lemmy.world 1 year ago
If 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.
schmidtster@lemmy.world 1 year ago
Huh…. just like any other currency/foreign currency already…
It doesn’t matter to the store, and these companies are making profit or they wouldn’t be around anymore.