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RE: How did a European e-Commerce Retailer Implement BitCoin Payments, What surprising data they found afterwards? Can you use them for money laundering? And did anyone buy Tesla from them?

in #til7 years ago

That's an awesome bitcoin experience. It was smart of them to make the leap, these services that enable large corporations to "accept bitcoin" but only actually handle fiat like in this case, they are making a big difference in enabling mainstream adoption.

As more and more companies can play along with bitcoin without needing to hold any tokens themselves, currency holders can gain a lot broader market accessibility.

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Yeah, it's really awesome.
Basically the "middleman" takes all the risk and the corporation has no risk at all. And as the implementation is pretty easy, too that makes it possible for "any" online company to accept Bitcoin.

Soon, it will be even easier to completely live only in the crypto world (It is 100 % possible even now, I might write a post about it if time permits :D).

Though it makes me wonder, if the middlemen companies will survive if a crash comes (and there' always a crash in any market). I guess that depends on how they handle their own finances and what they do to deal with the risk. I'd be actually quite curious how they do it :).

There's a Bitcoin Coffee (A coffee place) that accepts only Bitcoin, and they switch to Fiat daily when paying their suppliers, employees, etc. to deal with fluctuation.

Then there's a hacking company that deals in quarterly intervals and holds Crypto (as they're cypto anarchists and believe in it).

So there are different approaches.

fun world we live in :).