Part 10/14:
However, the volatility of Bitcoin presents challenges for merchants. Accepting cryptocurrency payments entails exposures to fluctuating prices, necessitating risk mitigation strategies such as hedging. Similar to foreign exchange risk management, merchants might need to employ financial instruments or in-house teams to mitigate the impact of price swings. Some companies, like BitPay, facilitate this process by providing services that convert Bitcoin into fiat currency instantly, shielding merchants from rapid fluctuations.