Concept

Bitcoin Reduce

chapter 4 / Chapter 1

"Bitcoin payment processors such as BitPay and Coinbase offered merchants a way to accept bitcoin while receiving dollars in their home currency, with the processors managing exchange-rate risk through digital-currency exchanges. Merchants could save substantially compared with credit-card transaction fees, although customers generally did not receive those savings because most businesses kept the benefit for themselves. Bitcoin adoption was supported by easier wallets, online exchanges, ATMs, gift cards, and bitcoin-linked debit cards, but the number of merchants and the volume of actual commerce remained small compared with conventional card payments."

Related Ideas

Bitcoin Reduce | chapter 4 | Bifalgorithm | Bifalgorithm